Pinterest (NYSE:PINS) Releases Quarterly Earnings Results, Misses Expectations By $0.30 EPS

Pinterest (NYSE:PINS) released its quarterly earnings results on Thursday. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30), Zacks reports. Pinterest had a return on equity of 8.37% and a net margin of 6.21%. Pinterest updated its Q1 2025 guidance to EPS.

Pinterest Stock Up 0.9 %

Shares of PINS traded up $0.30 during trading hours on Thursday, reaching $33.60. The company’s stock had a trading volume of 20,854,576 shares, compared to its average volume of 10,692,099. Pinterest has a 1-year low of $27.00 and a 1-year high of $45.19. The firm has a market cap of $22.71 billion, a price-to-earnings ratio of 112.00, a P/E/G ratio of 1.68 and a beta of 1.06. The company has a 50 day moving average of $31.17 and a two-hundred day moving average of $31.55.

Insider Buying and Selling at Pinterest

In other Pinterest news, insider Wanjiku Juanita Walcott sold 11,862 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total transaction of $365,586.84. Following the transaction, the insider now directly owns 246,921 shares in the company, valued at $7,610,105.22. This trade represents a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $29.73, for a total value of $34,189.50. Following the sale, the director now owns 32,536 shares of the company’s stock, valued at approximately $967,295.28. This trade represents a 3.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,157 shares of company stock valued at $589,131 in the last quarter. Company insiders own 7.11% of the company’s stock.

Analysts Set New Price Targets

PINS has been the topic of several research reports. UBS Group lowered their target price on Pinterest from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Oppenheimer cut their target price on shares of Pinterest from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Piper Sandler lowered shares of Pinterest from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $41.00 to $36.00 in a research report on Tuesday, December 10th. JPMorgan Chase & Co. dropped their price objective on shares of Pinterest from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Finally, Robert W. Baird reduced their target price on Pinterest from $41.00 to $36.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Nine analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.70.

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.