Pinterest FY2027 EPS Forecast Decreased by Zacks Research

Pinterest, Inc. (NYSE:PINS) – Equities researchers at Zacks Research dropped their FY2027 EPS estimates for shares of Pinterest in a note issued to investors on Wednesday, December 24th. Zacks Research analyst Team now expects that the company will post earnings per share of $1.05 for the year, down from their prior forecast of $1.09. The consensus estimate for Pinterest’s current full-year earnings is $0.60 per share.

Several other brokerages have also commented on PINS. Royal Bank Of Canada cut their price target on shares of Pinterest from $45.00 to $38.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 5th. BMO Capital Markets reduced their target price on Pinterest from $41.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, November 5th. JPMorgan Chase & Co. dropped their price target on Pinterest from $44.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Guggenheim cut their price target on Pinterest from $44.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Finally, Benchmark decreased their price objective on Pinterest from $48.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Pinterest presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.97.

Pinterest Price Performance

Shares of NYSE PINS opened at $26.14 on Monday. The company has a market capitalization of $17.66 billion, a P/E ratio of 9.07, a P/E/G ratio of 1.66 and a beta of 0.89. The company has a 50 day simple moving average of $27.98 and a 200-day simple moving average of $32.84. Pinterest has a 1 year low of $23.68 and a 1 year high of $40.90.

Pinterest (NYSE:PINS) last released its earnings results on Tuesday, September 19th. The company reported $0.11 EPS for the quarter. Pinterest had a net margin of 48.99% and a return on equity of 8.20%. The business had revenue of $665.93 million during the quarter.

Institutional Investors Weigh In On Pinterest

A number of hedge funds and other institutional investors have recently modified their holdings of PINS. Vanguard Group Inc. boosted its position in shares of Pinterest by 5.3% in the third quarter. Vanguard Group Inc. now owns 60,986,423 shares of the company’s stock worth $1,961,933,000 after acquiring an additional 3,044,674 shares during the last quarter. Victory Capital Management Inc. grew its stake in Pinterest by 18.5% during the 3rd quarter. Victory Capital Management Inc. now owns 20,550,242 shares of the company’s stock valued at $685,899,000 after purchasing an additional 3,213,241 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Pinterest by 10.7% in the third quarter. Ameriprise Financial Inc. now owns 19,732,086 shares of the company’s stock worth $634,767,000 after buying an additional 1,913,668 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Pinterest by 4.4% during the second quarter. Franklin Resources Inc. now owns 16,862,033 shares of the company’s stock worth $604,673,000 after purchasing an additional 718,105 shares during the last quarter. Finally, Amundi increased its holdings in shares of Pinterest by 618.9% in the 1st quarter. Amundi now owns 14,254,741 shares of the company’s stock valued at $441,897,000 after acquiring an additional 12,271,958 shares during the last quarter. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Pinterest

In other news, insider Wanjiku Juanita Walcott sold 74,047 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $26.89, for a total transaction of $1,991,123.83. Following the transaction, the insider directly owned 301,214 shares of the company’s stock, valued at $8,099,644.46. This represents a 19.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 7.11% of the company’s stock.

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.