Pinterest (NYSE:PINS) Stock Rating Upgraded by DA Davidson

Pinterest (NYSE:PINS) was upgraded by analysts at DA Davidson to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other analysts have also recently issued research reports about the company. The Goldman Sachs Group restated a “buy” rating and issued a $28.00 price target on shares of Pinterest in a research report on Tuesday, May 5th. Rosenblatt Securities lifted their price objective on Pinterest from $20.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Guggenheim reiterated a “buy” rating and set a $24.00 price objective on shares of Pinterest in a research note on Monday, June 15th. JPMorgan Chase & Co. boosted their price objective on Pinterest from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Finally, Oppenheimer raised their target price on shares of Pinterest from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $27.42.

Pinterest Trading Up 0.5%

Shares of Pinterest stock opened at $22.54 on Wednesday. The company’s fifty day simple moving average is $20.65 and its 200-day simple moving average is $20.92. The stock has a market capitalization of $12.63 billion, a PE ratio of 46.96, a P/E/G ratio of 1.26 and a beta of 0.89. Pinterest has a 1-year low of $13.84 and a 1-year high of $39.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.23 and a quick ratio of 4.23.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $965.84 million. During the same period in the prior year, the business posted $0.23 EPS. Pinterest’s revenue was up 17.8% on a year-over-year basis. As a group, equities analysts anticipate that Pinterest will post 0.66 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Wanjiku Juanita Walcott sold 14,208 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $19.65, for a total transaction of $279,187.20. Following the sale, the insider directly owned 691,840 shares of the company’s stock, valued at $13,594,656. This represents a 2.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 the stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $21.45, for a total value of $1,005,468.75. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 279,070 shares of company stock valued at $5,817,283 in the last quarter. 8.09% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Pinterest

A number of institutional investors and hedge funds have recently made changes to their positions in PINS. Hennion & Walsh Asset Management Inc. raised its position in shares of Pinterest by 20.8% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 58,582 shares of the company’s stock valued at $1,232,000 after buying an additional 10,096 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Pinterest by 184.7% in the second quarter. Assenagon Asset Management S.A. now owns 1,098,432 shares of the company’s stock worth $23,100,000 after acquiring an additional 712,569 shares in the last quarter. GAMMA Investing LLC increased its stake in Pinterest by 13.6% during the second quarter. GAMMA Investing LLC now owns 10,929 shares of the company’s stock worth $230,000 after acquiring an additional 1,308 shares during the last quarter. Central Pacific Bank Trust Division increased its stake in Pinterest by 1.9% during the second quarter. Central Pacific Bank Trust Division now owns 116,971 shares of the company’s stock worth $2,460,000 after acquiring an additional 2,219 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in Pinterest by 15.5% during the second quarter. Versant Capital Management Inc now owns 11,094 shares of the company’s stock valued at $233,000 after purchasing an additional 1,490 shares during the period. 88.81% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Pinterest

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Wells Fargo raised its price target on Pinterest (PINS) to $30 and maintained an overweight rating, reinforcing a bullish outlook for the stock. Benzinga / The Fly report
• Positive Sentiment: Pinterest (PINS) is being highlighted as a trending stock across multiple market sites, which can attract short-term buying interest and boost sentiment. Zacks article
• Neutral Sentiment: Several research notes from Zacks Research trimmed Pinterest’s near- and long-term EPS estimates, including cuts to FY2026, FY2027, and FY2028 projections, signaling slightly more cautious earnings expectations. MarketBeat report
• Neutral Sentiment: Commentary on macroeconomic headwinds and a tougher ad-test backdrop suggests Pinterest still faces advertising-market pressure, which may limit upside if revenue growth slows. Insider Monkey report
• Negative Sentiment: Analysts have also noted that Pinterest’s rally could face a bigger ad-related test, underscoring risk around the company’s core advertising business. Kalkine Media article

Pinterest Company Profile

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.