Seaport Res Ptn Comments on Pinterest, Inc.’s FY2025 Earnings (NYSE:PINS)

Pinterest, Inc. (NYSE:PINS) – Research analysts at Seaport Res Ptn boosted their FY2025 EPS estimates for shares of Pinterest in a research report issued on Wednesday, May 1st. Seaport Res Ptn analyst A. Kessler now expects that the company will earn $0.78 per share for the year, up from their previous forecast of $0.65. The consensus estimate for Pinterest’s current full-year earnings is $0.37 per share.

PINS has been the subject of several other reports. Wells Fargo & Company boosted their price target on Pinterest from $47.00 to $48.00 and gave the stock an “overweight” rating in a research report on Wednesday. Benchmark reissued a “hold” rating on shares of Pinterest in a research report on Wednesday. Royal Bank of Canada raised their price target on shares of Pinterest from $48.00 to $52.00 and gave the company an “outperform” rating in a report on Wednesday. Evercore ISI boosted their price objective on shares of Pinterest from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Finally, JPMorgan Chase & Co. increased their target price on shares of Pinterest from $38.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.82.

Pinterest Stock Down 0.2 %

Pinterest stock opened at $40.41 on Friday. Pinterest has a twelve month low of $20.60 and a twelve month high of $41.60. The business has a fifty day moving average of $34.79 and a two-hundred day moving average of $34.53. The firm has a market cap of $27.44 billion, a P/E ratio of 192.43, a P/E/G ratio of 4.65 and a beta of 0.99.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.04. The firm had revenue of $981.26 million during the quarter, compared to analysts’ expectations of $988.62 million. Pinterest had a net margin of 4.64% and a return on equity of 5.93%.

Hedge Funds Weigh In On Pinterest

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC acquired a new position in Pinterest in the 4th quarter worth about $27,000. Rakuten Securities Inc. acquired a new position in shares of Pinterest during the 4th quarter worth approximately $30,000. Washington Trust Advisors Inc. lifted its position in shares of Pinterest by 46.0% during the 4th quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock valued at $38,000 after buying an additional 326 shares in the last quarter. Quent Capital LLC grew its stake in Pinterest by 71.2% in the 1st quarter. Quent Capital LLC now owns 1,106 shares of the company’s stock valued at $38,000 after acquiring an additional 460 shares during the period. Finally, Clear Street Markets LLC acquired a new stake in Pinterest in the 3rd quarter valued at $41,000. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Donnelly Julia Brau sold 65,972 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $34.42, for a total transaction of $2,270,756.24. Following the completion of the transaction, the chief financial officer now owns 392,829 shares of the company’s stock, valued at $13,521,174.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Pinterest news, insider Sabrina Ellis sold 24,410 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $35.49, for a total value of $866,310.90. Following the completion of the transaction, the insider now directly owns 500,504 shares of the company’s stock, valued at $17,762,886.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Donnelly Julia Brau sold 65,972 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $34.42, for a total transaction of $2,270,756.24. Following the sale, the chief financial officer now directly owns 392,829 shares in the company, valued at approximately $13,521,174.18. The disclosure for this sale can be found here. Insiders have sold 164,471 shares of company stock valued at $5,773,431 in the last ninety days. Insiders own 7.11% 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.