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

Zacks Research lowered shares of Pinterest (NYSE:PINS) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday,Zacks reports. Zacks Research also issued estimates for Pinterest’s FY2028 earnings at $1.04 EPS.

PINS has been the subject of several other research reports. Susquehanna reissued a “positive” rating on shares of Pinterest in a report on Wednesday, August 5th. Wells Fargo & Company upped their price target on shares of Pinterest from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. BMO Capital Markets upped their price target on shares of Pinterest from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Evercore increased their price target on Pinterest from $27.00 to $29.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 5th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $30.00 price target on shares of Pinterest in a research report on Wednesday, August 5th. Eighteen analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $27.90.

Pinterest Price Performance

Shares of NYSE:PINS opened at $21.76 on Tuesday. Pinterest has a twelve month low of $13.84 and a twelve month high of $35.42. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.34. The company has a market cap of $12.19 billion, a PE ratio of 64.00, a price-to-earnings-growth ratio of 1.46 and a beta of 0.90. The company’s 50 day moving average is $21.00 and its 200 day moving average is $20.89.

Pinterest (NYSE:PINS) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.36 by $0.07. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 EPS. On average, sell-side analysts forecast that Pinterest will post 0.58 EPS for the current year.

Insider Activity

In other 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 completion of the transaction, the insider directly owned 658,902 shares of the company’s stock, valued at $11,998,605.42. The trade was a 2.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin Silbermann sold 46,875 shares of Pinterest stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $21.56, for a total transaction of $1,010,625.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 691,827 shares of company stock worth $14,708,582 over the last 90 days. Company insiders own 8.09% of the company’s stock.

Institutional Trading of Pinterest

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amundi lifted its stake in Pinterest by 38.3% in the 1st quarter. Amundi now owns 3,200,829 shares of the company’s stock valued at $58,703,000 after buying an additional 885,927 shares in the last quarter. Insight Wealth Strategies LLC acquired a new stake in Pinterest in the 3rd quarter worth about $4,901,000. Lazard Asset Management LLC boosted its holdings in Pinterest by 53.4% in the 1st quarter. Lazard Asset Management LLC now owns 1,421,187 shares of the company’s stock worth $26,065,000 after buying an additional 494,571 shares during the last quarter. First Trust Advisors LP boosted its holdings in Pinterest by 12.2% in the 1st quarter. First Trust Advisors LP now owns 1,970,857 shares of the company’s stock worth $36,145,000 after buying an additional 213,677 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in Pinterest by 40.6% during the 4th quarter. Hsbc Holdings PLC now owns 834,914 shares of the company’s stock worth $21,596,000 after buying an additional 241,154 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Company Profile

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.