Pinterest (NYSE:PINS) Shares Gap Up Following Earnings Beat

Posted by Francis Steltz on May 5th, 2026

Pinterest, Inc. (NYSE:PINS – Get Free Report) gapped up prior to trading on Tuesday following a better than expected earnings announcement. The stock had previously closed at $20.85, but opened at $24.71. Pinterest shares last traded at $23.7260, with a volume of 14,801,026 shares traded.

The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $965.84 million. Pinterest had a return on equity of 7.95% and a net margin of 9.87%.Pinterest’s revenue was up 17.8% compared to the same quarter last year. During the same period last year, the business posted $0.23 earnings per share.

Key Stories Impacting Pinterest

Here are the key news stories impacting Pinterest this week:

Positive Sentiment: Q1 results beat top‑and‑bottom‑line expectations — revenue ~$1.01B (+17.8% y/y) and adjusted EPS $0.27 — showing stronger ad demand and margin progress. Business Wire: Q1 Results
Positive Sentiment: Management guided Q2 revenue above Street estimates (midpoint ~ $1.14B), signaling resilient advertiser spending and helping lift near‑term growth expectations. CNBC: Guidance
Positive Sentiment: Monthly active users reached a record ~631M (+11% y/y), the company’s tenth consecutive quarter of double‑digit user growth — supporting ad monetization upside. Business Wire: Users
Positive Sentiment: Pinterest highlighted ~ $2B of share repurchases, which supports EPS and signals capital‑allocation confidence. Business Wire: Buybacks
Positive Sentiment: Analysts point to Pinterest’s AI enhancements (visual search/taste graph) as a driver of higher ad relevance and revenue conversion. PYMNTS: AI & Visual Search
Neutral Sentiment: Guggenheim raised its price target to $24 and put a buy rating on PINS, providing fresh upside in sell‑side targets. Benzinga: Guggenheim PT
Neutral Sentiment: Rosenblatt and Robert W. Baird raised price targets to $24 but maintained neutral ratings — these revisions increase analyst price‑target averages but are not unanimous upgrades. Benzinga: Rosenblatt/Baird
Negative Sentiment: Multiple law firms have issued shareholder alerts and a securities class action has been filed relating to disclosures in the Feb‑2025–Feb‑2026 period; this raises litigation risk and potential distraction/cost. GlobeNewswire: Lawsuit PR Newswire: Gross Law Firm

Analyst Ratings Changes

PINS has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Pinterest from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. HSBC downgraded Pinterest from a “buy” rating to a “hold” rating and set a $24.90 price target for the company. in a report on Friday, January 30th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $20.00 price target on shares of Pinterest in a report on Friday, February 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Pinterest in a report on Tuesday. Finally, Citigroup downgraded Pinterest from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $38.00 to $19.00 in a report on Friday, February 13th. Sixteen research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Pinterest has an average rating of “Hold” and a consensus target price of $25.97.

Check Out Our Latest Stock Report on Pinterest

Insider Transactions at Pinterest

In related news, Director Gokul Rajaram sold 2,100 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $20.00, for a total value of $42,000.00. Following the transaction, the director owned 27,450 shares in the company, valued at $549,000. The trade was a 7.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.09% of the stock is owned by company insiders.

Hedge Funds Weigh In On Pinterest

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its position in Pinterest by 30.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,036,157 shares of the company’s stock worth $33,333,000 after purchasing an additional 241,527 shares during the period. Peak Retirement Planning Inc. purchased a new stake in shares of Pinterest during the 3rd quarter worth approximately $1,850,000. Yousif Capital Management LLC boosted its stake in shares of Pinterest by 2,298.3% during the 4th quarter. Yousif Capital Management LLC now owns 185,170 shares of the company’s stock worth $4,701,000 after acquiring an additional 177,449 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake in shares of Pinterest by 50,133.2% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 255,687 shares of the company’s stock worth $8,225,000 after acquiring an additional 255,178 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in shares of Pinterest by 114.7% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 231,964 shares of the company’s stock worth $7,462,000 after acquiring an additional 123,900 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Trading Up 14.2%

The company has a 50 day moving average price of $18.77 and a 200 day moving average price of $23.51. The firm has a market cap of $15.84 billion, a PE ratio of 38.75, a price-to-earnings-growth ratio of 1.36 and a beta of 0.93.

About Pinterest

(Get Free Report)

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.