What is Wedbush’s Forecast for Pinterest FY2025 Earnings?

Pinterest, Inc. (NYSE:PINS) – Analysts at Wedbush lowered their FY2025 earnings estimates for shares of Pinterest in a research report issued to clients and investors on Friday, October 24th. Wedbush analyst S. Devitt now anticipates that the company will earn $0.69 per share for the year, down from their previous forecast of $0.82. Wedbush currently has a “Outperform” rating and a $44.00 target price on the stock. The consensus estimate for Pinterest’s current full-year earnings is $0.60 per share.

PINS has been the topic of several other reports. Stifel Nicolaus increased their target price on shares of Pinterest from $46.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. TD Cowen raised their price target on shares of Pinterest from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, July 15th. Benchmark raised their price target on shares of Pinterest from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. UBS Group raised their price target on shares of Pinterest from $50.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Finally, Piper Sandler set a $40.00 price target on shares of Pinterest in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $42.67.

Pinterest Stock Down 5.8%

PINS stock opened at $33.19 on Monday. The company’s 50-day simple moving average is $34.45 and its 200-day simple moving average is $33.56. Pinterest has a 52-week low of $23.68 and a 52-week high of $40.90. The firm has a market cap of $22.56 billion, a P/E ratio of 11.89, a PEG ratio of 1.53 and a beta of 0.81.

Pinterest (NYSE:PINS) last posted its earnings results on Tuesday, September 19th. The company reported $0.11 earnings per share (EPS) for the quarter. Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The business had revenue of $665.93 million for the quarter.

Institutional Trading of Pinterest

Hedge funds have recently bought and sold shares of the business. Snowden Capital Advisors LLC raised its stake 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 purchasing an additional 296 shares during the period. Penserra Capital Management LLC raised its stake 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 purchasing an additional 300 shares during the period. EP Wealth Advisors LLC raised its stake 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 purchasing an additional 358 shares during the period. Baltimore Washington Financial Advisors Inc. raised its stake 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 purchasing an additional 359 shares during the period. Finally, Dynamic Wealth Strategies LLC raised its stake 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 purchasing an additional 361 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insider Buying and Selling at Pinterest

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $34.86, for a total value of $3,558,613.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction dated 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 owned 30,600 shares of the company’s stock, valued at approximately $1,071,000. The trade was a 3.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 640,236 shares of company stock worth $22,878,326 in the last quarter. Insiders own 7.11% 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.