Wall Street Zen Upgrades Pinterest (NYSE:PINS) to “Buy”

Pinterest (NYSE:PINS) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Several other brokerages have also issued reports on PINS. Guggenheim reaffirmed a “buy” rating on shares of Pinterest in a report on Monday, July 28th. UBS Group lifted their price target on shares of Pinterest from $44.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Wolfe Research raised shares of Pinterest from a “peer perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a report on Thursday, May 15th. Oppenheimer reissued an “outperform” rating on shares of Pinterest in a report on Friday, August 8th. Finally, BMO Capital Markets reduced their target price on shares of Pinterest from $46.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, May 9th. Twenty-five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.40.

Pinterest Trading Down 0.0%

Shares of Pinterest stock opened at $36.68 on Friday. The firm has a market capitalization of $24.94 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 1.47 and a beta of 0.78. The firm’s 50 day moving average is $36.48 and its 200 day moving average is $33.26. Pinterest has a 1 year low of $23.68 and a 1 year high of $40.90.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). The company had revenue of $998.23 million for the quarter, compared to the consensus estimate of $973.42 million. Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share. Pinterest has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Pinterest will post 0.6 earnings per share for the current year.

Insider Activity

In other news, CTO Matthew Madrigal sold 20,000 shares of the company’s stock in a transaction on Monday, July 21st. The shares were sold at an average price of $38.58, for a total value of $771,600.00. Following the sale, the chief technology officer directly owned 428,823 shares of the company’s stock, valued at approximately $16,543,991.34. This represents a 4.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $35.00, for a total transaction of $40,250.00. Following the completion of the sale, the director directly owned 30,600 shares in the company, valued at approximately $1,071,000. This represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,094,279 shares of company stock valued at $38,832,184. Company insiders own 7.06% of the company’s stock.

Institutional Investors Weigh In On Pinterest

A number of institutional investors have recently modified their holdings of the company. Snowden Capital Advisors LLC boosted its stake in shares of Pinterest by 4.4% in the 2nd quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock valued at $253,000 after purchasing an additional 296 shares during the last quarter. Penserra Capital Management LLC lifted its position in shares of Pinterest by 10.1% during the 2nd quarter. Penserra Capital Management LLC now owns 3,259 shares of the company’s stock valued at $115,000 after acquiring an additional 300 shares during the period. EP Wealth Advisors LLC lifted its position 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 valued at $340,000 after acquiring an additional 358 shares during the period. Baltimore Washington Financial Advisors Inc. lifted its position in shares of Pinterest by 3.6% during the 2nd quarter. Baltimore Washington Financial Advisors Inc. now owns 10,302 shares of the company’s stock valued at $369,000 after acquiring an additional 359 shares during the period. Finally, Dynamic Wealth Strategies LLC lifted its position in shares of Pinterest by 5.8% during the 2nd quarter. Dynamic Wealth Strategies LLC now owns 6,596 shares of the company’s stock valued at $237,000 after acquiring an additional 361 shares during the period. 88.81% of the stock is owned by institutional investors.

Pinterest Company Profile

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.