Pinterest (NYSE:PINS) Price Target Raised to $25.00

Pinterest (NYSE:PINS) had its target price hoisted by Rosenblatt Securities from $24.00 to $25.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities research analysts have also commented on the stock. UBS Group increased their price objective on shares of Pinterest from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Piper Sandler reiterated a “neutral” rating and set a $26.00 target price (up from $21.00) on shares of Pinterest in a research note on Tuesday, May 5th. Oppenheimer boosted their price target on shares of Pinterest from $24.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Citigroup increased their price target on shares of Pinterest from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Mizuho raised their price objective on shares of Pinterest from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Seventeen investment analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company. According to data from MarketBeat.com, Pinterest currently has a consensus rating of “Hold” and an average target price of $27.90.

Pinterest Trading Up 1.7%

NYSE PINS opened at $23.73 on Wednesday. The company has a current ratio of 3.81, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $22.12 and a 200 day simple moving average of $20.48. Pinterest has a 12 month low of $13.84 and a 12 month high of $38.57. The firm has a market capitalization of $13.29 billion, a P/E ratio of 69.80, a PEG ratio of 1.25 and a beta of 0.90.

Pinterest (NYSE:PINS) last posted its earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the business posted $0.33 EPS. The business’s revenue was up 18.2% compared to the same quarter last year. On average, analysts predict that Pinterest will post 0.63 EPS for the current fiscal year.

Insider Activity

In other Pinterest news, insider Wanjiku Juanita Walcott sold 14,208 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $19.65, for a total transaction of $279,187.20. Following the completion of the sale, the insider directly owned 691,840 shares in the company, valued at $13,594,656. This represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Donnelly Julia Brau sold 59,096 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $23.48, for a total value of $1,387,574.08. Following the transaction, the chief financial officer directly owned 817,409 shares in the company, valued at $19,192,763.32. This trade represents a 6.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 429,816 shares of company stock valued at $9,280,201. Corporate insiders own 8.09% of the company’s stock.

Institutional Investors Weigh In On Pinterest

Several institutional investors have recently bought and sold shares of PINS. Norges Bank bought a new stake in Pinterest during the 4th quarter valued at $357,945,000. State Street Corp grew its holdings in Pinterest by 52.6% in the 4th quarter. State Street Corp now owns 21,492,169 shares of the company’s stock worth $556,432,000 after acquiring an additional 7,412,213 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Pinterest by 30.5% in the 4th quarter. Victory Capital Management Inc. now owns 26,808,870 shares of the company’s stock worth $694,082,000 after acquiring an additional 6,258,628 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Pinterest by 271.1% in the first quarter. Renaissance Technologies LLC now owns 5,988,631 shares of the company’s stock valued at $109,831,000 after acquiring an additional 4,375,000 shares during the period. Finally, Davis Selected Advisers increased its position in shares of Pinterest by 49.5% in the fourth quarter. Davis Selected Advisers now owns 11,801,983 shares of the company’s stock valued at $305,554,000 after acquiring an additional 3,909,926 shares during the period. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Pinterest News Roundup

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Q2 results beat expectations: Pinterest reported adjusted earnings of $0.43 per share versus the $0.36 consensus estimate, while revenue reached $1.18 billion compared with expectations of $1.15 billion. Revenue grew 18.2% year over year. Pinterest’s Q2 Earnings Top Estimates on AI-Led Ad Growth
• Positive Sentiment: AI is supporting monetization: AI-powered advertising, stronger monetization and record user growth helped drive the quarterly outperformance and contributed to a more constructive outlook. Spotify and Pinterest Delivered the Growth. Investors Wanted More
• Positive Sentiment: Analyst sentiment was broadly supportive: UBS initiated or reiterated a Buy rating, Cantor Fitzgerald assigned an Overweight rating, and Evercore raised its price target to $29. RBC also increased its target to $25. Guggenheim, Morgan Stanley, Robert W. Baird and Rosenblatt analysts expressed expectations for further appreciation. Evercore Boosts Pinterest Price Target
• Neutral Sentiment: Valuation remains a debate: Some analysts view the post-earnings weakness as a buying opportunity, citing Pinterest’s high-intent users, high-teens revenue growth and disciplined expense management. Pinterest: Despite North American User Choppiness, Worth The Cheap Multiples
• Negative Sentiment: Key risks limited the reaction: Investors were disappointed by at least one user-related metric, particularly choppiness in North American users. Monetization initiatives are also creating margin pressure, while Wedbush maintained a Neutral or Hold rating. PINS Q2 Deep Dive

About Pinterest

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.