Pinterest (NYSE:PINS) Issues Quarterly Earnings Results, Misses Estimates By $0.30 EPS

Pinterest (NYSE:PINS) posted its quarterly earnings results on Thursday. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.30), Zacks reports. Pinterest had a net margin of 6.21% and a return on equity of 8.37%. Pinterest updated its Q1 2025 guidance to EPS.

Pinterest Trading Up 0.9 %

PINS traded up $0.30 on Thursday, reaching $33.60. The stock had a trading volume of 20,854,576 shares, compared to its average volume of 10,692,099. The firm has a 50-day moving average of $31.17 and a 200-day moving average of $31.55. The company has a market capitalization of $22.71 billion, a price-to-earnings ratio of 112.00, a price-to-earnings-growth ratio of 1.68 and a beta of 1.06. Pinterest has a fifty-two week low of $27.00 and a fifty-two week high of $45.19.

Insider Transactions at Pinterest

In other news, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $29.73, for a total transaction of $34,189.50. Following the transaction, the director now directly owns 32,536 shares of the company’s stock, valued at $967,295.28. This represents a 3.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of Pinterest stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $30.82, for a total value of $365,586.84. Following the transaction, the insider now owns 246,921 shares of the company’s stock, valued at $7,610,105.22. This trade represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,157 shares of company stock worth $589,131. Company insiders own 7.11% of the company’s stock.

Analyst Ratings Changes

PINS has been the subject of several recent research reports. Benchmark reissued a “hold” rating on shares of Pinterest in a research report on Friday, November 8th. Piper Sandler lowered Pinterest from an “overweight” rating to a “neutral” rating and cut their price target for the company from $41.00 to $36.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. cut their price target on Pinterest from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Morgan Stanley increased their target price on shares of Pinterest from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Finally, TD Cowen initiated coverage on Pinterest in a research report on Tuesday, November 26th. They issued a “buy” rating and a $38.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.70.

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.