Pinterest (NYSE:PINS) Upgraded at Mizuho

Mizuho upgraded shares of Pinterest (NYSE:PINS) to a strong-buy rating in a research note published on Monday morning,Zacks.com reports.

A number of other research firms have also recently commented on PINS. Susquehanna reaffirmed a “positive” rating and set a $42.00 target price on shares of Pinterest in a research note on Friday, August 8th. Cowen reaffirmed a “buy” rating on shares of Pinterest in a research note on Friday, August 8th. Oppenheimer reaffirmed an “outperform” rating on shares of Pinterest in a research note on Friday, August 8th. Stifel Nicolaus upped their target price on Pinterest from $46.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Finally, Benchmark upped their target price on Pinterest from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Pinterest currently has an average rating of “Moderate Buy” and an average price target of $42.63.

Pinterest Price Performance

Shares of PINS stock opened at $31.89 on Monday. Pinterest has a 1 year low of $23.68 and a 1 year high of $40.90. The stock’s 50 day simple moving average is $36.18 and its two-hundred day simple moving average is $33.15. The company has a market cap of $21.68 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 1.35 and a beta of 0.81.

Pinterest (NYSE:PINS) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The company had revenue of $998.23 million for the quarter, compared to analysts’ expectations of $973.42 million. During the same quarter last year, the company earned $0.29 earnings per share. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. Pinterest has set its Q3 2025 guidance at EPS. Equities research analysts expect that Pinterest will post 0.6 EPS for the current year.

Insider Activity at Pinterest

In related news, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $34.96, for a total value of $3,568,821.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Donnelly Julia Brau sold 22,821 shares of the stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $34.85, for a total value of $795,311.85. Following the completion of the transaction, the chief financial officer directly owned 312,422 shares in the company, valued at approximately $10,887,906.70. This trade represents a 6.81% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 967,627 shares of company stock worth $34,866,089. 7.06% of the stock is owned by insiders.

Institutional Trading of Pinterest

A number of hedge funds have recently bought and sold shares of the stock. Snowden Capital Advisors LLC lifted its holdings in Pinterest by 4.4% during the second quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock worth $253,000 after buying an additional 296 shares during the period. Penserra Capital Management LLC lifted its holdings in Pinterest by 10.1% during the second quarter. Penserra Capital Management LLC now owns 3,259 shares of the company’s stock worth $115,000 after buying an additional 300 shares during the period. EP Wealth Advisors LLC lifted its holdings in Pinterest by 3.9% during the second quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock worth $340,000 after buying an additional 358 shares during the period. Baltimore Washington Financial Advisors Inc. lifted its holdings in Pinterest by 3.6% during the second quarter. Baltimore Washington Financial Advisors Inc. now owns 10,302 shares of the company’s stock worth $369,000 after buying an additional 359 shares during the period. Finally, Dynamic Wealth Strategies LLC lifted its holdings in Pinterest by 5.8% during the second quarter. Dynamic Wealth Strategies LLC now owns 6,596 shares of the company’s stock worth $237,000 after buying an additional 361 shares during the period. Hedge funds and other institutional investors own 88.81% of the company’s stock.

About Pinterest

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.