Pinterest (PINS) – Investment Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Pinterest (NYSE: PINS) in the last few weeks:

• 1/13/2025 – Pinterest had its price target lowered by analysts at Wells Fargo & Company from $40.00 to $39.00. They now have an “overweight” rating on the stock.
• 1/13/2025 – Pinterest had its “hold” rating reaffirmed by analysts at Jefferies Financial Group Inc.. They now have a $32.00 price target on the stock, down previously from $40.00.
• 1/13/2025 – Pinterest had its price target raised by analysts at Morgan Stanley from $35.00 to $36.00. They now have an “equal weight” rating on the stock.
• 1/10/2025 – Pinterest had its price target lowered by analysts at KeyCorp from $39.00 to $37.00. They now have an “overweight” rating on the stock.
• 1/10/2025 – Pinterest was upgraded by analysts at Monness Crespi & Hardt from a “neutral” rating to a “buy” rating. They now have a $40.00 price target on the stock.
• 12/10/2024 – Pinterest had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $48.00 price target on the stock.
• 12/10/2024 – Pinterest was downgraded by analysts at Piper Sandler from an “overweight” rating to a “neutral” rating. They now have a $36.00 price target on the stock, down previously from $41.00.

Pinterest Price Performance

NYSE:PINS traded down $0.51 during mid-day trading on Tuesday, reaching $32.97. The stock had a trading volume of 9,586,602 shares, compared to its average volume of 10,237,408. Pinterest, Inc. has a 12 month low of $27.00 and a 12 month high of $45.19. The stock has a market capitalization of $22.28 billion, a PE ratio of 109.89, a P/E/G ratio of 1.61 and a beta of 1.04. The stock has a 50-day simple moving average of $30.64 and a two-hundred day simple moving average of $31.94.

Insider Buying and Selling

In other Pinterest news, 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 in the company, valued at approximately $967,295.28. The trade was a 3.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total transaction of $365,586.84. Following the sale, the insider now owns 246,921 shares of the company’s stock, valued at approximately $7,610,105.22. This trade represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,157 shares of company stock worth $589,131 in the last 90 days. Insiders own 7.11% of the company’s stock.

Institutional Trading of Pinterest

Hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC grew its holdings in shares of Pinterest by 5.2% during the third quarter. Sequoia Financial Advisors LLC now owns 6,329 shares of the company’s stock valued at $205,000 after buying an additional 313 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Pinterest by 3.7% in the third quarter. Hantz Financial Services Inc. now owns 9,380 shares of the company’s stock valued at $304,000 after purchasing an additional 339 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Pinterest by 2.8% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,626 shares of the company’s stock valued at $366,000 after acquiring an additional 342 shares in the last quarter. Leibman Financial Services Inc. grew its stake in shares of Pinterest by 1.2% in the 3rd quarter. Leibman Financial Services Inc. now owns 31,758 shares of the company’s stock worth $1,028,000 after acquiring an additional 368 shares in the last quarter. Finally, Toronto Dominion Bank raised its holdings in shares of Pinterest by 0.7% in the second quarter. Toronto Dominion Bank now owns 56,961 shares of the company’s stock valued at $2,510,000 after purchasing an additional 372 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.

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.