FY2028 EPS Estimates for Pinterest Reduced by Zacks Research

Pinterest, Inc. (NYSE:PINS) – Analysts at Zacks Research lowered their FY2028 EPS estimates for Pinterest in a report released on Wednesday, October 14th. Zacks Research analyst Team now expects that the company will post earnings of $1.04 per share for the year, down from their previous estimate of $1.05. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Pinterest’s current full-year earnings is $0.58 per share.

Other equities analysts have also recently issued reports about the company. 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 report on Wednesday, August 5th. Robert W. Baird upped their target price on Pinterest from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Wedbush reaffirmed a “neutral” rating and set a $24.00 target price on shares of Pinterest in a report on Wednesday, August 5th. DA Davidson increased their price target on Pinterest from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, TD Cowen reissued a “buy” rating on shares of Pinterest in a research note on Monday, June 22nd. Eighteen equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Pinterest presently has a consensus rating of “Hold” and an average target price of $27.90.

Pinterest Stock Performance

PINS opened at $21.76 on Thursday. The firm has a market cap of $12.19 billion, a PE ratio of 64.00, a P/E/G ratio of 1.46 and a beta of 0.90. 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 business has a fifty day simple moving average of $21.00 and a 200-day simple moving average of $20.89. Pinterest has a fifty-two week low of $13.84 and a fifty-two week high of $35.42.

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

Insiders Place Their Bets

In other Pinterest news, CFO Julia Donnelly sold 59,096 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $23.48, for a total transaction of $1,387,574.08. Following the completion of the sale, the chief financial officer directly owned 817,409 shares in the company, valued at approximately $19,192,763.32. This trade represents a 6.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin Silbermann sold 93,750 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $21.43, for a total value of $2,009,062.50. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 691,827 shares of company stock worth $14,708,582 in the last quarter. 8.09% of the stock is currently owned by corporate insiders.

Institutional Trading of Pinterest

Hedge funds have recently made changes to their positions in the stock. Resona Asset Management Co. Ltd. grew its position in Pinterest by 0.5% during the first quarter. Resona Asset Management Co. Ltd. now owns 173,648 shares of the company’s stock valued at $3,176,000 after purchasing an additional 785 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Pinterest by 2,017.3% in the 4th 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. GAMMA Investing LLC lifted its position in Pinterest by 13.6% in the 2nd quarter. GAMMA Investing LLC now owns 10,929 shares of the company’s stock worth $230,000 after buying an additional 1,308 shares in the last quarter. Allworth Financial LP lifted its position in Pinterest by 8.7% in the 2nd quarter. Allworth Financial LP now owns 16,941 shares of the company’s stock worth $356,000 after buying an additional 1,360 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in Pinterest by 31.7% in the 1st quarter. Parallel Advisors LLC now owns 5,780 shares of the company’s stock worth $106,000 after buying an additional 1,390 shares in the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

About Pinterest

Pinterest, Inc operates a visual discovery and planning platform that helps people find, save and organize ideas for projects, interests and everyday activities. Users can collect images, videos and other content as “Pins” and arrange them on personalized or collaborative boards. The platform supports discovery across areas such as home design, food, fashion, travel, beauty and do-it-yourself projects.

Pinterest also provides tools for businesses and creators, including visual advertising, shopping features, product catalogs and analytics.