Pinterest (NYSE:PINS) Issues Quarterly Earnings Results, Misses Estimates By $0.30 EPS

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

Pinterest Stock Performance

Shares of Pinterest stock 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 one year low of $27.00 and a one year high of $45.19. The company has a market capitalization of $22.71 billion, a P/E ratio of 112.00, a P/E/G ratio of 1.68 and a beta of 1.06. The stock’s fifty day simple moving average is $31.17 and its two-hundred day simple moving average is $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 on Wednesday, November 27th. The shares were sold at an average price of $30.82, for a total value of $365,586.84. Following the transaction, the insider now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Andrea Acosta sold 3,845 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $30.88, for a total transaction of $118,733.60. Following the completion of the transaction, the chief accounting officer now directly owns 158,468 shares in the company, valued at $4,893,491.84. This trade represents a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,157 shares of company stock valued at $589,131. Corporate insiders own 7.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on PINS shares. Oppenheimer decreased their price target 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. TD Cowen started coverage on shares of Pinterest in a research report on Tuesday, November 26th. They issued a “buy” rating and a $38.00 price target for the company. UBS Group decreased their price target on shares of Pinterest from $52.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, November 8th. JPMorgan Chase & Co. decreased their price target on shares of Pinterest from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Finally, Wedbush restated an “outperform” rating and issued a $38.00 price target on shares of Pinterest in a research report on Tuesday, January 28th. Nine analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Pinterest has an average rating of “Moderate Buy” and an average price target 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.