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

Pinterest (NYSE:PINS) announced its quarterly earnings data 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 net margin of 6.21% and a return on equity of 8.37%. Pinterest updated its Q1 2025 guidance to EPS.

Pinterest Price Performance

NYSE PINS traded up $5.68 during trading hours on Friday, reaching $39.27. The company’s stock had a trading volume of 29,509,630 shares, compared to its average volume of 11,431,779. Pinterest has a 52 week low of $27.00 and a 52 week high of $45.19. The firm has a fifty day simple moving average of $31.23 and a 200-day simple moving average of $31.57. The stock has a market cap of $26.54 billion, a P/E ratio of 130.92, a P/E/G ratio of 1.68 and a beta of 1.06.

Insider Buying and Selling

In other news, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $29.73, for a total transaction of $34,189.50. Following the completion of the sale, the director now directly owns 32,536 shares of the company’s stock, valued at $967,295.28. The trade was a 3.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Andrea Acosta sold 3,845 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $30.88, for a total value of $118,733.60. Following the completion of the sale, the chief accounting officer now directly owns 158,468 shares of the company’s stock, valued at $4,893,491.84. The trade was a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,157 shares of company stock valued at $589,131 over the last 90 days. 7.11% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. TD Cowen initiated coverage on Pinterest in a report on Tuesday, November 26th. They set a “buy” rating and a $38.00 price target for the company. Benchmark raised Pinterest from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Friday. Roth Mkm reduced their price objective on Pinterest from $39.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Jefferies Financial Group restated a “hold” rating and set a $32.00 price objective (down previously from $40.00) on shares of Pinterest in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. cut their price target on shares of Pinterest from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Eight research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, Pinterest presently has an average rating of “Moderate Buy” and a consensus price target of $42.55.

Pinterest Company Profile

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.