Pinterest (NYSE:PINS) Given New $24.00 Price Target at Barclays

Pinterest (NYSE:PINS) had its target price dropped by analysts at Barclays from $31.00 to $24.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 30.42% from the company’s previous close.

A number of other research firms also recently weighed in on PINS. Wedbush reaffirmed a “neutral” rating and set a $24.00 price target on shares of Pinterest in a research note on Wednesday, August 5th. Evercore set a $24.00 price target on Pinterest in a report on Friday. Wall Street Zen raised Pinterest from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Cantor Fitzgerald cut their target price on Pinterest from $30.00 to $23.00 and set an “overweight” rating on the stock in a report on Friday. Finally, UBS Group reissued a “buy” rating and issued a $32.00 price target on shares of Pinterest in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.90.

Pinterest Stock Down 7.6%

NYSE:PINS traded down $1.52 during trading hours on Friday, reaching $18.40. The company had a trading volume of 10,717,267 shares, compared to its average volume of 16,460,898. Pinterest has a twelve month low of $13.84 and a twelve month high of $34.12. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.34. The firm has a market cap of $10.31 billion, a price-to-earnings ratio of 54.00, a P/E/G ratio of 1.49 and a beta of 0.90. The business’s 50-day simple moving average is $20.71 and its two-hundred day simple moving average is $20.83.

Pinterest (NYSE:PINS) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.03). The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.21 billion. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. Pinterest’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.38 EPS. On average, equities analysts expect that Pinterest will post 0.53 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Julia Donnelly sold 29,548 shares of the company’s stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $18.61, for a total transaction of $549,888.28. Following the completion of the sale, the chief financial officer owned 751,921 shares in the company, valued at approximately $13,993,249.81. This represents a 3.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Claude Leonard Brown sold 12,240 shares of the company’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $20.00, for a total value of $244,800.00. Following the sale, the insider owned 1,130,768 shares of the company’s stock, valued at $22,615,360. This trade represents a 1.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 692,877 shares of company stock valued at $14,733,501. Company insiders own 8.09% of the company’s stock.

Hedge Funds Weigh In On Pinterest

Hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC grew its stake in shares of Pinterest by 271.1% in the 1st quarter. Renaissance Technologies LLC now owns 5,988,631 shares of the company’s stock worth $109,831,000 after acquiring an additional 4,375,000 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Pinterest by 300.4% during the third quarter. Assenagon Asset Management S.A. now owns 4,398,316 shares of the company’s stock valued at $83,084,000 after purchasing an additional 3,299,884 shares in the last quarter. Amundi lifted its position in shares of Pinterest by 38.3% during the first quarter. Amundi now owns 3,200,829 shares of the company’s stock valued at $58,703,000 after purchasing an additional 885,927 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Pinterest by 15.4% during the first quarter. Bank of America Corp DE now owns 5,848,116 shares of the company’s stock valued at $107,254,000 after purchasing an additional 779,998 shares in the last quarter. Finally, Boothe Investment Group Inc. bought a new position in shares of Pinterest during the first quarter valued at about $11,856,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

Pinterest News Roundup

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Pinterest reported third-quarter revenue of $1.17 billion, up 12% year over year, while global monthly active users rose 10% to a record 661 million. Adjusted EBITDA was $339 million and free cash flow reached $300 million. Pinterest Announces Third Quarter 2026 Results
• Positive Sentiment: Pinterest launched global programmatic deals for display and video advertising, giving large advertisers broader access to its inventory through existing automated ad-buying platforms. Pinterest Opens Programmatic Ad Deals Worldwide
• Positive Sentiment: Despite lowering its price target, Cantor Fitzgerald maintained an “overweight” rating at $23, indicating analysts still see potential upside if Pinterest’s advertising growth improves. Cantor Fitzgerald Pinterest Rating

About Pinterest

Pinterest, Inc (NYSE: PINS) operates a visual discovery platform that helps people find ideas and inspiration for activities such as home improvement, cooking, fashion, travel and event planning. Users can discover, save and organize images and videos—known as Pins—on personalized boards and explore recommendations based on their interests.

The company also provides tools for businesses and creators to showcase products and content on the platform. Its advertising business includes promoted Pins and other advertising formats designed to help marketers reach users while they are discovering ideas, researching products and planning purchases.