Pinterest (NYSE:PINS) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Pinterest (NYSE:PINS) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

A number of other equities research analysts have also recently commented on PINS. Oppenheimer reaffirmed an “outperform” rating on shares of Pinterest in a report on Friday, August 8th. Cowen restated a “buy” rating on shares of Pinterest in a research note on Friday, August 8th. Bank of America upped their price target on Pinterest from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Wedbush lifted their price objective on Pinterest from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Finally, Morgan Stanley raised shares of Pinterest from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $37.00 to $45.00 in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.63.

Pinterest Stock Performance

Shares of NYSE:PINS opened at $32.04 on Friday. The company has a market capitalization of $21.78 billion, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 1.34 and a beta of 0.81. The company’s 50-day moving average is $35.81 and its 200 day moving average is $33.17. Pinterest has a fifty-two week low of $23.68 and a fifty-two week high of $40.90.

Pinterest (NYSE:PINS) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). The company had revenue of $998.23 million during the quarter, compared to the consensus estimate of $973.42 million. Pinterest had a return on equity of 8.44% and a net margin of 49.31%.The business’s revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.29 EPS. Pinterest has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Pinterest will post 0.6 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $34.86, for a total transaction of $3,558,613.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $35.00, for a total transaction of $40,250.00. Following the completion of the transaction, the director owned 30,600 shares in the company, valued at approximately $1,071,000. This trade represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 967,635 shares of company stock worth $34,866,344 over the last three months. Corporate insiders own 7.11% of the company’s stock.

Hedge Funds Weigh In On Pinterest

A number of institutional investors have recently made changes to their positions in PINS. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Pinterest during the 1st quarter worth $25,000. Golden State Wealth Management LLC lifted its stake in Pinterest by 282.7% during the second quarter. Golden State Wealth Management LLC now owns 685 shares of the company’s stock worth $25,000 after purchasing an additional 506 shares during the last quarter. Garde Capital Inc. bought a new stake in Pinterest during the first quarter worth about $26,000. NBC Securities Inc. boosted its holdings in shares of Pinterest by 99,900.0% in the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company’s stock worth $31,000 after purchasing an additional 999 shares in the last quarter. Finally, West Branch Capital LLC bought a new position in shares of Pinterest during the 2nd quarter valued at about $36,000. Institutional investors own 88.81% of the company’s stock.

Pinterest Company Profile

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.