Pinterest (NYSE:PINS) Announces Earnings Results

Pinterest (NYSE:PINS) announced its quarterly earnings data on Tuesday. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.04), Briefing.com reports. Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the company posted $0.40 EPS. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. Pinterest updated its Q4 2025 guidance to EPS.

Pinterest Stock Down 21.5%

Pinterest stock traded down $7.08 during mid-day trading on Wednesday, hitting $25.83. 31,621,026 shares of the company’s stock were exchanged, compared to its average volume of 11,438,266. The firm has a market capitalization of $17.56 billion, a P/E ratio of 9.28, a PEG ratio of 1.73 and a beta of 0.96. Pinterest has a fifty-two week low of $23.68 and a fifty-two week high of $40.90. The company’s 50 day simple moving average is $34.19 and its 200-day simple moving average is $33.87.

Insiders Place Their Bets

In other Pinterest news, CFO Donnelly Julia Brau sold 22,821 shares of Pinterest stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $34.85, for a total value of $795,311.85. Following the sale, the chief financial officer owned 312,422 shares of the company’s stock, valued at $10,887,906.70. This trade represents a 6.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $35.00, for a total value of $40,250.00. Following the completion of the sale, the director directly owned 30,600 shares in the company, valued at $1,071,000. This represents a 3.62% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 640,236 shares of company stock worth $22,878,326. 7.11% of the stock is owned by corporate insiders.

Institutional Trading of Pinterest

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. raised its stake in shares of Pinterest by 15.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 17,818,418 shares of the company’s stock valued at $638,969,000 after purchasing an additional 2,319,964 shares during the period. State Street Corp raised its stake in shares of Pinterest by 3.8% in the 2nd quarter. State Street Corp now owns 13,855,047 shares of the company’s stock valued at $496,842,000 after purchasing an additional 504,281 shares during the period. Raymond James Financial Inc. raised its stake in shares of Pinterest by 0.9% in the 2nd quarter. Raymond James Financial Inc. now owns 3,201,115 shares of the company’s stock valued at $114,792,000 after purchasing an additional 29,579 shares during the period. Canada Pension Plan Investment Board increased its position in shares of Pinterest by 89.5% in the second quarter. Canada Pension Plan Investment Board now owns 973,767 shares of the company’s stock valued at $34,919,000 after acquiring an additional 459,982 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Pinterest by 1.4% in the second quarter. California State Teachers Retirement System now owns 967,488 shares of the company’s stock valued at $34,694,000 after acquiring an additional 13,045 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus upped their price objective on Pinterest from $46.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Sanford C. Bernstein restated an “outperform” rating and set a $40.00 price target on shares of Pinterest in a research report on Wednesday. Weiss Ratings began coverage on Pinterest in a research report on Saturday. They set a “hold (c+)” rating on the stock. Bank of America decreased their price objective on Pinterest from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Evercore ISI decreased their price objective on Pinterest from $50.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $39.81.

About Pinterest

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.