Pinterest (NYSE:PINS) Downgraded by Zacks Research to Strong Sell

Zacks Research downgraded shares of Pinterest (NYSE:PINS) from a hold rating to a strong sell rating in a report released on Thursday morning,Zacks.com reports. Zacks Research also issued estimates for Pinterest’s FY2027 earnings at $1.05 EPS.

A number of other research firms also recently commented on PINS. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $30.00 price target (down previously from $49.00) on shares of Pinterest in a research note on Wednesday, November 5th. BMO Capital Markets dropped their target price on shares of Pinterest from $41.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. Guggenheim reduced their price target on shares of Pinterest from $44.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Wedbush cut shares of Pinterest from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $34.00 to $30.00 in a research note on Monday, December 8th. Finally, Piper Sandler restated a “neutral” rating and set a $33.00 target price (down from $35.00) on shares of Pinterest in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Pinterest presently has an average rating of “Moderate Buy” and an average price target of $38.97.

Pinterest Trading Up 2.5%

Shares of PINS opened at $26.55 on Thursday. Pinterest has a 12 month low of $23.68 and a 12 month high of $40.90. The firm’s 50 day moving average is $27.25 and its 200-day moving average is $32.58. The stock has a market capitalization of $17.93 billion, a PE ratio of 9.22, a P/E/G ratio of 1.18 and a beta of 0.89.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Tuesday, September 19th. The company reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $665.93 million for the quarter. Pinterest had a return on equity of 8.20% and a net margin of 48.99%. Equities research analysts predict that Pinterest will post 0.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Pinterest news, insider Wanjiku Juanita Walcott sold 74,047 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $26.89, for a total value of $1,991,123.83. Following the completion of the transaction, the insider directly owned 301,214 shares in the company, valued at approximately $8,099,644.46. This trade represents a 19.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Malik Ducard sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total value of $155,160.00. Following the completion of the transaction, the insider directly owned 699,773 shares of the company’s stock, valued at $18,096,129.78. This represents a 0.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 102,868 shares of company stock valued at $2,736,435 in the last 90 days. Corporate insiders own 7.06% of the company’s stock.

Institutional Trading of Pinterest

Institutional investors and hedge funds have recently bought and sold shares of the stock. Revolve Wealth Partners LLC acquired a new stake in shares of Pinterest in the fourth quarter valued at about $252,000. EP Wealth Advisors LLC raised its holdings in Pinterest by 18.4% during the 1st quarter. EP Wealth Advisors LLC now owns 9,125 shares of the company’s stock worth $283,000 after purchasing an additional 1,419 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Pinterest by 61.6% in the 1st quarter. Alliancebernstein L.P. now owns 938,008 shares of the company’s stock worth $29,078,000 after purchasing an additional 357,581 shares during the period. Integrated Wealth Concepts LLC boosted its stake in shares of Pinterest by 5.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock valued at $339,000 after purchasing an additional 607 shares during the last quarter. Finally, PharVision Advisers LLC increased its position in shares of Pinterest by 8.5% during the first quarter. PharVision Advisers LLC now owns 11,833 shares of the company’s stock worth $367,000 after buying an additional 931 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

About Pinterest

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.