Pinterest (NYSE:PINS) Price Target Raised to $26.00

Pinterest (NYSE:PINS) had its price objective upped by Guggenheim from $24.00 to $26.00 in a report published on Wednesday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

Several other equities analysts also recently weighed in on the company. Rothschild & Co Redburn set a $23.00 target price on Pinterest and gave the company a “neutral” rating in a research report on Monday, April 27th. Mizuho raised their price objective on shares of Pinterest from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday. Piper Sandler restated a “neutral” rating and set a $26.00 target price (up from $21.00) on shares of Pinterest in a research report on Tuesday, May 5th. Royal Bank Of Canada lifted their target price on Pinterest from $23.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, Evercore lifted their price target on shares of Pinterest from $27.00 to $29.00 and gave the company an “in-line” rating in a research note on Wednesday. Seventeen analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company’s stock. According to MarketBeat, Pinterest presently has a consensus rating of “Hold” and a consensus target price of $27.90.

Pinterest Stock Performance

NYSE:PINS opened at $23.73 on Wednesday. Pinterest has a fifty-two week low of $13.84 and a fifty-two week high of $38.57. The firm has a market cap of $13.29 billion, a PE ratio of 69.80, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.23 and a current ratio of 3.81. The business has a 50 day moving average price of $22.12 and a 200-day moving average price of $20.48.

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

Insider Buying and Selling at Pinterest

In related news, Director Benjamin Silbermann sold 46,875 shares of the firm’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $22.54, for a total value of $1,056,562.50. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Donnelly Julia Brau sold 59,096 shares of Pinterest stock in a transaction on Friday, August 7th. The stock was sold at an average price of $23.48, for a total value of $1,387,574.08. Following the transaction, the chief financial officer owned 817,409 shares in the company, valued at approximately $19,192,763.32. This represents a 6.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 429,816 shares of company stock valued at $9,280,201. Company insiders own 8.09% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PINS. Elevated Capital Advisors LLC acquired a new stake in shares of Pinterest during the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Pinterest by 2,017.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock valued at $29,000 after buying an additional 1,049 shares during the period. Addison Advisors LLC boosted its holdings in shares of Pinterest by 727.3% during the fourth quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock worth $35,000 after purchasing an additional 1,200 shares during the last quarter. Garner Asset Management Corp purchased a new position in Pinterest during the fourth quarter worth approximately $36,000. Finally, MidFirst Bank purchased a new stake in shares of Pinterest during the 4th quarter worth about $44,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Trending Headlines about Pinterest

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.