Pinterest (NYSE:PINS) Cut to Strong Sell at Zacks Research

Zacks Research cut shares of Pinterest (NYSE:PINS) from a hold rating to a strong sell rating in a report released on Thursday morning,Zacks.com reports. Zacks Research also issued estimates for Pinterest’s FY2027 earnings at $1.05 EPS.

Several other analysts also recently issued reports on PINS. Bank of America lowered their price target on Pinterest from $44.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Sanford C. Bernstein decreased their target price on Pinterest from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. UBS Group lowered their target price on Pinterest from $51.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. BMO Capital Markets reduced their price target on Pinterest from $41.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 5th. Finally, Mizuho initiated coverage on Pinterest in a report on Monday, September 29th. They issued an “outperform” rating and a $50.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $38.97.

Pinterest Stock Performance

PINS opened at $26.55 on Thursday. Pinterest has a 1 year low of $23.68 and a 1 year high of $40.90. The firm has a 50 day moving average price of $27.25 and a 200 day moving average price of $32.56. The company has a market cap of $17.93 billion, a PE ratio of 9.22, a price-to-earnings-growth ratio of 1.21 and a beta of 0.91.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Tuesday, September 19th. The company reported $0.11 earnings per share (EPS) for the quarter. Pinterest had a net margin of 48.99% and a return on equity of 8.20%. The company had revenue of $665.93 million during the quarter. On average, sell-side analysts predict that Pinterest will post 0.6 earnings per share for the current year.

Insider Buying and Selling at Pinterest

In other Pinterest news, insider Malik Ducard sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total value of $155,160.00. Following the transaction, the insider directly owned 699,773 shares of the company’s stock, valued at $18,096,129.78. This represents a 0.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Wanjiku Juanita Walcott sold 74,047 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $26.89, for a total transaction of $1,991,123.83. Following the sale, the insider directly owned 301,214 shares of the company’s stock, valued at $8,099,644.46. The trade was a 19.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 102,868 shares of company stock valued at $2,736,435 in the last three months. Corporate 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 stock. Snowden Capital Advisors LLC grew its stake in Pinterest by 4.4% in the second 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. Penserra Capital Management LLC lifted its holdings in Pinterest by 10.1% during the 2nd 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 last quarter. EP Wealth Advisors LLC grew its position in shares of Pinterest by 3.9% in the 2nd quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock worth $340,000 after acquiring an additional 358 shares in the last quarter. Baltimore Washington Financial Advisors Inc. grew its position in shares of Pinterest by 3.6% in the 2nd quarter. Baltimore Washington Financial Advisors Inc. now owns 10,302 shares of the company’s stock worth $369,000 after acquiring an additional 359 shares in the last quarter. Finally, Dynamic Wealth Strategies LLC increased its holdings in shares of Pinterest by 5.8% in 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 last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Company Profile

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.