Pinterest’s (PINS) “Overweight” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reissued their overweight rating on shares of Pinterest (NYSE:PINS) in a report issued on Wednesday,Benzinga reports. They currently have a $30.00 price target on the stock.

A number of other research analysts have also recently weighed in on PINS. UBS Group lifted their price objective on shares of Pinterest from $29.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Robert W. Baird increased their target price on shares of Pinterest from $20.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Wells Fargo & Company raised their target price on Pinterest from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Susquehanna restated a “positive” rating on shares of Pinterest in a research note on Wednesday. Finally, Rosenblatt Securities upped their price target on Pinterest from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday. Seventeen equities research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $27.90.

Pinterest Trading Up 1.7%

Pinterest stock opened at $23.73 on Wednesday. The firm has a market cap of $13.29 billion, a PE ratio of 69.80, a P/E/G ratio of 1.25 and a beta of 0.90. Pinterest has a 12 month low of $13.84 and a 12 month high of $38.57. The stock’s 50 day simple moving average is $22.12 and its two-hundred day simple moving average is $20.48. The company has a current ratio of 3.81, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34.

Pinterest (NYSE:PINS) last posted its earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share for the quarter, beating 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 period in the previous year, the firm earned $0.33 EPS. The business’s quarterly revenue was up 18.2% on a year-over-year basis. Analysts anticipate that Pinterest will post 0.63 earnings per share for the current year.

Insider Transactions at Pinterest

In related news, Director Benjamin Silbermann sold 46,875 shares of Pinterest stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $22.54, for a total value of $1,056,562.50. The transaction 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, insider Wanjiku Juanita Walcott sold 14,208 shares of Pinterest stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $19.65, for a total value of $279,187.20. Following the completion of the sale, the insider owned 691,840 shares in the company, valued at approximately $13,594,656. The trade was a 2.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 429,816 shares of company stock valued at $9,280,201 over the last 90 days. Corporate insiders own 8.09% of the company’s stock.

Hedge Funds Weigh In On Pinterest

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Pinterest by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 62,056,069 shares of the company’s stock valued at $1,606,632,000 after purchasing an additional 1,069,646 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Pinterest by 15.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,809,693 shares of the company’s stock valued at $719,994,000 after buying an additional 3,669,476 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Pinterest by 30.5% in the fourth quarter. Victory Capital Management Inc. now owns 26,808,870 shares of the company’s stock valued at $694,082,000 after buying an additional 6,258,628 shares during the last quarter. State Street Corp lifted its stake in shares of Pinterest by 52.6% in the fourth quarter. State Street Corp now owns 21,492,169 shares of the company’s stock worth $556,432,000 after buying an additional 7,412,213 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Pinterest by 15.0% in the second quarter. Ameriprise Financial Inc. now owns 17,818,418 shares of the company’s stock worth $638,969,000 after buying an additional 2,319,964 shares in the last quarter. 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

Pinterest Company Profile

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.