Pinterest (NYSE:PINS) Price Target Raised to $25.00

Pinterest (NYSE:PINS) had its price target hoisted by Royal Bank Of Canada from $23.00 to $25.00 in a report released on Wednesday morning, MarketBeat Ratings reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

PINS has been the topic of a number of other research reports. Barclays increased their target price on shares of Pinterest from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Mizuho increased their target price on Pinterest from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. raised their price target on Pinterest from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Weiss Ratings raised Pinterest from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Finally, Guggenheim reaffirmed a “buy” rating and set a $24.00 price objective on shares of Pinterest in a research report on Monday, June 15th. Seventeen research analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the stock. According to data from MarketBeat, Pinterest presently has an average rating of “Hold” and an average price target of $27.90.

Pinterest Trading Up 1.7%

PINS opened at $23.73 on Wednesday. Pinterest has a fifty-two week low of $13.84 and a fifty-two week high of $38.57. The firm has a 50 day simple moving average of $22.12 and a 200 day simple moving average of $20.48. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.81 and a quick ratio of 4.23. The company has a market cap of $13.29 billion, a price-to-earnings ratio of 69.80, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.07. Pinterest had a return on equity of 7.49% and a net margin of 5.46%.The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the business posted $0.33 EPS. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, sell-side analysts anticipate that Pinterest will post 0.63 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Benjamin Silbermann sold 46,875 shares of Pinterest stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $22.54, for a total value of $1,056,562.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Wanjiku Juanita Walcott sold 14,208 shares of the firm’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $19.65, for a total value of $279,187.20. Following the transaction, the insider owned 691,840 shares in the company, valued at approximately $13,594,656. This trade represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 429,816 shares of company stock worth $9,280,201. 8.09% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PINS. Yousif Capital Management LLC grew its holdings in Pinterest by 2,298.3% during the 4th quarter. Yousif Capital Management LLC now owns 185,170 shares of the company’s stock valued at $4,701,000 after buying an additional 177,449 shares in the last quarter. Forsta AP Fonden lifted its holdings in shares of Pinterest by 61.2% in the fourth quarter. Forsta AP Fonden now owns 397,400 shares of the company’s stock worth $10,289,000 after buying an additional 150,900 shares in the last quarter. Amundi lifted its holdings in shares of Pinterest by 38.3% in the first quarter. Amundi now owns 3,200,829 shares of the company’s stock worth $58,703,000 after buying an additional 885,927 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in Pinterest during the fourth quarter valued at approximately $12,812,000. Finally, KLP Kapitalforvaltning AS grew its stake in Pinterest by 103.4% during the fourth quarter. KLP Kapitalforvaltning AS now owns 838,500 shares of the company’s stock valued at $21,709,000 after acquiring an additional 426,300 shares in the last quarter. 88.81% of the stock is owned by institutional investors.

Trending Headlines about Pinterest

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Q2 results beat expectations: Pinterest reported adjusted earnings of $0.43 per share versus the $0.36 consensus estimate, while revenue reached $1.18 billion compared with expectations of $1.15 billion. Revenue grew 18.2% year over year. Pinterest’s Q2 Earnings Top Estimates on AI-Led Ad Growth
• Positive Sentiment: AI is supporting monetization: AI-powered advertising, stronger monetization and record user growth helped drive the quarterly outperformance and contributed to a more constructive outlook. Spotify and Pinterest Delivered the Growth. Investors Wanted More
• Positive Sentiment: Analyst sentiment was broadly supportive: UBS initiated or reiterated a Buy rating, Cantor Fitzgerald assigned an Overweight rating, and Evercore raised its price target to $29. RBC also increased its target to $25. Guggenheim, Morgan Stanley, Robert W. Baird and Rosenblatt analysts expressed expectations for further appreciation. Evercore Boosts Pinterest Price Target
• Neutral Sentiment: Valuation remains a debate: Some analysts view the post-earnings weakness as a buying opportunity, citing Pinterest’s high-intent users, high-teens revenue growth and disciplined expense management. Pinterest: Despite North American User Choppiness, Worth The Cheap Multiples
• Negative Sentiment: Key risks limited the reaction: Investors were disappointed by at least one user-related metric, particularly choppiness in North American users. Monetization initiatives are also creating margin pressure, while Wedbush maintained a Neutral or Hold rating. PINS Q2 Deep Dive

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.