Pinterest, Inc. (NYSE:PINS) Given Average Recommendation of “Hold” by Brokerages

Pinterest, Inc. (NYSE:PINS) has received a consensus recommendation of “Hold” from the thirty-five brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eighteen have assigned a hold recommendation and sixteen have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $27.4031.

A number of research analysts have commented on PINS shares. Barclays upped their price objective on Pinterest from $25.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Robert W. Baird upped their price objective on Pinterest from $20.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. UBS Group upped their price objective on Pinterest from $29.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Rosenblatt Securities upped their price objective on Pinterest from $20.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. upped their price objective on Pinterest from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th.

Pinterest Stock Down 0.6%

PINS stock opened at $21.78 on Thursday. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $12.20 billion, a PE ratio of 45.38, a PEG ratio of 1.19 and a beta of 0.92. Pinterest has a 1-year low of $13.84 and a 1-year high of $39.93. The business’s 50 day simple moving average is $19.88 and its 200 day simple moving average is $21.67.

Pinterest (NYSE:PINS) last posted its earnings results on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The firm’s revenue was up 17.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 EPS. As a group, research analysts anticipate that Pinterest will post 0.68 EPS for the current year.

Insider Buying and Selling at Pinterest

In other Pinterest news, insider Wanjiku Juanita Walcott sold 27,337 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $20.46, for a total value of $559,315.02. Following the transaction, the insider directly owned 724,673 shares of the company’s stock, valued at $14,826,809.58. This represents a 3.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gokul Rajaram sold 2,100 shares of the company’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $20.00, for a total value of $42,000.00. Following the completion of the transaction, the director directly owned 27,450 shares in the company, valued at approximately $549,000. This represents a 7.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 124,237 shares of company stock valued at $2,604,190 in the last ninety days. 8.09% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Snowden Capital Advisors LLC grew its holdings in shares of Pinterest by 4.4% during the 2nd quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock worth $253,000 after purchasing an additional 296 shares in the last quarter. EP Wealth Advisors LLC grew its holdings in shares of Pinterest by 3.9% during the 2nd quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock worth $340,000 after purchasing an additional 358 shares in the last quarter. Central Pacific Bank Trust Division grew its holdings in shares of Pinterest by 0.5% during the 4th quarter. Central Pacific Bank Trust Division now owns 95,960 shares of the company’s stock worth $2,484,000 after purchasing an additional 464 shares in the last quarter. Simon Quick Advisors LLC grew its holdings in shares of Pinterest by 5.5% during the 4th quarter. Simon Quick Advisors LLC now owns 10,237 shares of the company’s stock worth $265,000 after purchasing an additional 535 shares in the last quarter. Finally, Coyle Financial Counsel LLC grew its holdings in shares of Pinterest by 5.8% during the 3rd quarter. Coyle Financial Counsel LLC now owns 10,002 shares of the company’s stock worth $322,000 after purchasing an additional 551 shares in the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

Pinterest News Summary

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Pinterest announced an expanded partnership with Amazon that brings Amazon Storefronts into the Pinterest app, giving creators a new way to showcase products and earn affiliate revenue. This could improve engagement and help Pinterest monetize its user base more effectively. TechCrunch article
• Positive Sentiment: Other reports highlighted the same Amazon storefront integration as a creator-focused initiative, reinforcing the view that Pinterest is strengthening its commerce and affiliate ecosystem. CNET article
• Positive Sentiment: Recent commentary has also pointed to accelerating monetization, solid user growth, and attractive valuation metrics, which may be helping investors view Pinterest as a rebound candidate. Seeking Alpha article
• Neutral Sentiment: Pinterest has been drawing elevated attention from market watchers and Zacks users, which may be contributing to trading volume but does not by itself change the business outlook. Zacks article
• Negative Sentiment: Director Benjamin Silbermann sold 46,875 shares in a pre-arranged 10b5-1 plan, a move that can weigh on sentiment even though the sale was scheduled in advance and disclosed to regulators. Insider trade reference

About Pinterest

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.