Pinterest (NYSE:PINS) Upgraded at Wedbush

Wedbush upgraded shares of Pinterest (NYSE:PINS) from a hold rating to a strong-buy rating in a research report released on Monday morning,Zacks.com reports. Wedbush also issued estimates for Pinterest’s Q1 2025 earnings at ($0.04) EPS, Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at $0.14 EPS and Q4 2025 earnings at $0.52 EPS.

PINS has been the topic of several other reports. JPMorgan Chase & Co. dropped their target price on shares of Pinterest from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Evercore ISI cut their target price on shares of Pinterest from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Barclays decreased their target price on Pinterest from $38.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 31st. Citigroup dropped their price target on Pinterest from $51.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, Rosenblatt Securities decreased their price objective on Pinterest from $48.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.00.

Pinterest Stock Down 2.1 %

Shares of NYSE PINS opened at $29.36 on Monday. The business has a fifty day simple moving average of $31.76 and a 200-day simple moving average of $36.27. The company has a market cap of $20.15 billion, a price-to-earnings ratio of 97.87, a P/E/G ratio of 2.34 and a beta of 1.02. Pinterest has a 12 month low of $27.00 and a 12 month high of $45.19.

Insider Buying and Selling

In related news, CFO Donnelly Julia Brau sold 30,280 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $32.72, for a total transaction of $990,761.60. Following the completion of the transaction, the chief financial officer now owns 297,351 shares of the company’s stock, valued at approximately $9,729,324.72. The trade was a 9.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $33.52, for a total value of $38,548.00. Following the sale, the director now owns 33,686 shares of the company’s stock, valued at approximately $1,129,154.72. The trade was a 3.30 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.11% of the company’s stock.

Institutional Investors Weigh In On Pinterest

Several hedge funds have recently modified their holdings of PINS. Southpoint Capital Advisors LP acquired a new position in Pinterest during the 3rd quarter valued at $123,006,000. Ontario Teachers Pension Plan Board lifted its stake in shares of Pinterest by 51.5% in the third quarter. Ontario Teachers Pension Plan Board now owns 8,812,117 shares of the company’s stock valued at $285,248,000 after buying an additional 2,996,750 shares during the period. 1832 Asset Management L.P. acquired a new stake in Pinterest during the second quarter worth about $98,655,000. Ninety One UK Ltd increased its stake in Pinterest by 44.6% during the second quarter. Ninety One UK Ltd now owns 5,445,674 shares of the company’s stock valued at $239,991,000 after acquiring an additional 1,679,348 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in Pinterest by 31.6% in the 2nd quarter. Acadian Asset Management LLC now owns 5,645,845 shares of the company’s stock valued at $248,793,000 after acquiring an additional 1,356,459 shares in the last quarter. 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.