FY2025 Earnings Estimate for Pinterest Issued By Wedbush

Pinterest, Inc. (NYSE:PINS) – Investment analysts at Wedbush dropped their FY2025 earnings per share estimates for Pinterest in a report released on Friday, October 24th. Wedbush analyst S. Devitt now expects that the company will post earnings of $0.69 per share for the year, down from their previous forecast of $0.82. Wedbush has a “Outperform” rating and a $44.00 price target on the stock. The consensus estimate for Pinterest’s current full-year earnings is $0.60 per share.

Several other research analysts have also issued reports on PINS. Oppenheimer restated an “outperform” rating on shares of Pinterest in a research report on Friday, August 8th. Mizuho initiated coverage on shares of Pinterest in a research report on Monday, September 29th. They issued an “outperform” rating and a $50.00 price target on the stock. KeyCorp lifted their price target on shares of Pinterest from $40.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Citigroup restated a “buy” rating and issued a $50.00 price target (up previously from $44.00) on shares of Pinterest in a research report on Friday, August 8th. Finally, Piper Sandler set a $40.00 price target on shares of Pinterest in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $42.67.

Pinterest Price Performance

Shares of NYSE:PINS opened at $35.28 on Monday. Pinterest has a 12 month low of $23.68 and a 12 month high of $40.90. The stock has a market cap of $23.99 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 1.48 and a beta of 0.81. The stock’s 50 day moving average price is $34.49 and its 200 day moving average price is $33.51.

Pinterest (NYSE:PINS) last announced its earnings results on Tuesday, September 19th. The company reported $0.11 EPS for the quarter. Pinterest had a return on equity of 8.44% and a net margin of 49.31%.The firm had revenue of $665.93 million for the quarter.

Insider Activity at Pinterest

In other news, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $35.00, for a total transaction of $40,250.00. Following the transaction, the director directly owned 30,600 shares in the company, valued at $1,071,000. The trade was a 3.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Andrea Acosta sold 3,759 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $34.96, for a total transaction of $131,414.64. Following the transaction, the chief accounting officer owned 157,402 shares in the company, valued at approximately $5,502,773.92. This represents a 2.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 640,236 shares of company stock valued at $22,878,326. Insiders own 7.11% of the company’s stock.

Institutional Investors Weigh In On Pinterest

Institutional investors and hedge funds have recently modified their holdings of the business. Truist Financial Corp lifted its stake in shares of Pinterest by 15.6% in the 2nd quarter. Truist Financial Corp now owns 98,363 shares of the company’s stock valued at $3,527,000 after purchasing an additional 13,267 shares during the last quarter. Ninety One UK Ltd lifted its stake in shares of Pinterest by 11.0% in the 2nd quarter. Ninety One UK Ltd now owns 6,689,112 shares of the company’s stock valued at $239,872,000 after purchasing an additional 661,757 shares during the last quarter. Aurora Investment Counsel acquired a new stake in shares of Pinterest in the 2nd quarter valued at $1,934,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Pinterest in the 1st quarter valued at $235,000. Finally, Guild Investment Management Inc. lifted its stake in shares of Pinterest by 47.5% in the 2nd quarter. Guild Investment Management Inc. now owns 34,955 shares of the company’s stock valued at $1,253,000 after purchasing an additional 11,250 shares during the last quarter. Institutional investors and hedge funds 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.