Pinterest (NYSE:PINS) Stock Rating Cut to “Strong Sell” at Zacks Research

Pinterest (NYSE:PINS) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday, Zacks reports. Zacks Research also issued estimates for Pinterest’s FY2028 earnings at $1.04 EPS.

Several other equities analysts have also weighed in on PINS. DA Davidson increased their price objective on shares of Pinterest from $26.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Guggenheim raised their price objective on shares of Pinterest from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. UBS Group lifted their target price on shares of Pinterest from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Wedbush reiterated a “neutral” rating and set a $24.00 target price on shares of Pinterest in a research report on Wednesday, August 5th. Finally, Rosenblatt Securities increased their price target on Pinterest from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Eighteen research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Pinterest currently has a consensus rating of “Hold” and an average target price of $27.90.

Pinterest Stock Performance

Pinterest stock opened at $21.76 on Tuesday. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.34. Pinterest has a 1 year low of $13.84 and a 1 year high of $35.42. The company has a market cap of $12.19 billion, a PE ratio of 64.00, a PEG ratio of 1.46 and a beta of 0.90. The company’s 50-day moving average is $21.00 and its two-hundred day moving average is $20.89.

Pinterest (NYSE:PINS) last issued its 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 net margin of 5.46% and a return on equity of 7.49%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm earned $0.33 EPS. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. Equities analysts anticipate that Pinterest will post 0.58 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Wanjiku Walcott sold 14,103 shares of Pinterest stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $18.21, for a total transaction of $256,815.63. Following the transaction, the insider owned 658,902 shares of the company’s stock, valued at $11,998,605.42. This trade represents a 2.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Claude Leonard Brown sold 12,240 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $20.00, for a total transaction of $244,800.00. Following the transaction, the insider owned 1,130,768 shares of the company’s stock, valued at approximately $22,615,360. This represents a 1.07% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 691,827 shares of company stock valued at $14,708,582. Insiders own 8.09% of the company’s stock.

Institutional Trading of Pinterest

A number of large investors have recently made changes to their positions in PINS. Tempus Wealth Planning LLC lifted its holdings in Pinterest by 8.5% during the third quarter. Tempus Wealth Planning LLC now owns 22,818 shares of the company’s stock worth $431,000 after acquiring an additional 1,783 shares in the last quarter. Seelaus Asset Management LLC grew its stake in Pinterest by 27.6% in the third quarter. Seelaus Asset Management LLC now owns 26,829 shares of the company’s stock valued at $507,000 after acquiring an additional 5,807 shares during the period. Krilogy Financial LLC acquired a new position in Pinterest in the third quarter valued at about $232,000. NorthCrest Asset Manangement LLC increased its holdings in shares of Pinterest by 46.7% in the third quarter. NorthCrest Asset Manangement LLC now owns 13,153 shares of the company’s stock worth $270,000 after acquiring an additional 4,189 shares in the last quarter. Finally, Insight Wealth Strategies LLC bought a new stake in shares of Pinterest in the third quarter worth about $4,901,000. Institutional investors own 88.81% of the company’s stock.

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.