S&P 500 Futures Rise in Premarket Trading; Penumbra, Pinterest Lag
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 31 2024
0mins
Should l Buy PINS?
Source: Barron's
Market Performance: Talen Energy Corp. and Vistra Corp. saw significant pre-market gains of 16.4% and 12.3%, respectively, while Penumbra Inc. and Pinterest Inc. experienced declines of 18.6% and 11.1%. S&P 500 futures rose by 0.95%, indicating a positive outlook for the U.S. stock market opening.
Global Market Trends: Asian stocks showed upward movement with Japan's NIKKEI 225 Index up 1.49% and China's Shanghai Composite Index rising 2.06%. European markets also reflected gains, with the STOXX Europe 600 Index climbing 0.85% and the FTSE 100 Index increasing by 1.25%.
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Analyst Views on PINS
Wall Street analysts forecast PINS stock price to rise
17 Analyst Rating
14 Buy
3 Hold
0 Sell
Strong Buy
Current: 20.120
Low
24.90
Averages
35.46
High
44.00
Current: 20.120
Low
24.90
Averages
35.46
High
44.00
About PINS
Pinterest, Inc. (Pinterest) offers visual search and discovery platform. The Company’s primary service, Pinterest, can be accessed through its mobile application or the Web. People use Pinterest to find ideas. As they browse Pinterest content, Pins, they fine-tune their tastes and find the idea. Users interact with the platform in multi-session journeys to find inspiration, curate their latest look, plan their next project and shop from brands. It has approximately 553 million monthly active users across the world. Content on Pinterest comes from a variety of sources, including retailers, brands, creators, publishers and users. It acquires that content via a range of methods, including product catalog uploads, direct publishing, and user curation. Content formats include images that allow the user to click into an idea to learn more, videos that provide the steps of an idea, and products that brands and merchants upload from catalogs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Pinterest Faces Class Action Lawsuit Over Allegations of Misleading Statements
- Class Action Initiated: Bragar Eagel & Squire, P.C. announces a class action lawsuit against Pinterest for investors who purchased securities between February 7, 2025, and February 12, 2026, indicating significant legal risks that could impact the company's stock performance.
- Allegation Details: The complaint alleges that Pinterest and its executives violated federal securities laws by failing to disclose risks of declining revenues from advertising partners, which may lead to imminent restructuring, highlighting the company's shortcomings in managing macroeconomic impacts.
- Investor Rights Protection: Investors must apply by May 29, 2026, to be appointed as lead plaintiffs, emphasizing the urgency of the legal process that could influence investor decisions and confidence.
- Law Firm Background: Bragar Eagel & Squire, P.C. is a nationally recognized law firm specializing in securities and commercial litigation, indicating their capability to effectively support investors in navigating these legal challenges.
See More
Pinterest Faces Class Action Lawsuit for Securities Violations
- Class Action Reminder: The Schall Law Firm is reminding investors of a class action lawsuit against Pinterest for violations of §§10(b) and 20(a) of the Securities Exchange Act, concerning securities purchased between February 7, 2025, and February 12, 2026, with a deadline to contact the firm by May 29, 2026.
- False Statements Allegation: The complaint alleges that Pinterest made false and misleading statements regarding reduced advertising revenue and downplayed the impact of tariffs on its business, leading to significant investor losses when the truth emerged.
- Loss Recovery Opportunity: Affected shareholders are encouraged to join the lawsuit to recover losses, with the Schall Law Firm specializing in securities class actions and offering free consultations to help investors understand their rights.
- Legal Proceedings Status: The class action has not yet been certified, meaning investors are not represented by an attorney until certification occurs, and those who choose not to act will remain absent class members.
See More
Faruqi & Faruqi Encourages Pinterest Investors to Reach Out
- Legal Investigation: Faruq & Faruq LLP is investigating potential claims against Pinterest, particularly for investors who purchased securities between February 7, 2025, and February 12, 2026, urging them to seek lead plaintiff status in a class action by the May 29, 2026 deadline to protect their legal rights.
- Revenue Guidance Downgrade: Pinterest's Q4 revenue guidance of $1.325 billion, announced on November 4, 2025, fell short of the $1.34 billion consensus, leading to a 21.76% stock price drop the following day, highlighting the severe impact of moderating ad spend.
- Restructuring Announcement: On January 27, 2026, Pinterest revealed a global restructuring plan affecting less than 15% of its workforce, with anticipated pre-tax charges of $35 million to $45 million, aimed at supporting its strategic shift towards AI, raising further concerns about its profitability.
- Earnings Report Shortfall: In its February 12, 2026 earnings report, Pinterest reported quarterly revenue of $1.32 billion, below the $1.33 billion estimate, resulting in a 16.83% stock price decline, reflecting ongoing pressures and uncertainties in its advertising revenue streams.
See More
Reminder of Pinterest Securities Class Action
- Class Action Notice: Rosen Law Firm reminds investors who purchased Pinterest securities between February 7, 2025, and February 12, 2026, that they must apply to be lead plaintiff by May 29, 2026, to participate in the class action and seek compensation.
- Fee Arrangement: Investors joining the class action will not incur any upfront costs, as the law firm operates on a contingency fee basis, which alleviates financial burdens and encourages broader participation.
- Lawsuit Background: The lawsuit alleges that Pinterest made false and misleading statements during the class period, failing to disclose that its advertising revenues were likely to decline due to U.S. tariffs and macroeconomic conditions, resulting in investor losses.
- Law Firm Credentials: Rosen Law Firm is recognized for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, demonstrating its expertise and influence in handling such cases.
See More
Reminder of Pinterest Securities Class Action
- Class Action Notice: Rosen Law Firm reminds investors who purchased Pinterest securities between February 7, 2025, and February 12, 2026, to apply as lead plaintiffs by May 29, 2026, to participate in the class action and potentially receive compensation without any upfront fees.
- Lawsuit Background: The lawsuit alleges that Pinterest failed to disclose risks of reduced advertising revenues during the class period, leading to investor losses when the true situation was revealed, highlighting the company's shortcomings in managing macroeconomic impacts.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions, having recovered over $438 million for investors in 2019 alone, and was ranked first in 2017 for the number of securities class action settlements, demonstrating its expertise and success in this field.
- Investor Guidance: Investors are advised to select qualified law firms with a proven track record to ensure effective legal support in class actions, avoiding firms that merely act as intermediaries, which could adversely affect the litigation outcomes.
See More
Pinterest Faces Securities Fraud Class Action Lawsuit
- Lawsuit Background: Kessler Topaz Meltzer & Check, LLP has filed a securities fraud class action lawsuit against Pinterest, Inc. on behalf of investors who purchased securities between February 7, 2025, and February 12, 2026, alleging significant misstatements regarding the company's advertising revenues, potentially leading to investor losses.
- Key Allegations: The lawsuit claims that Pinterest failed to disclose risks of declining revenues from advertising partners and overstated its ability to manage the impact of U.S. tariffs, which could lead to imminent restructuring, thereby affecting its future financial performance.
- Stock Price Impact: Following the release of disappointing quarterly results on February 12, 2026, Pinterest's stock price dropped 16.8% to close at $15.42 per share, reflecting market concerns about the company's financial health and operational viability.
- Investor Action: Affected investors are encouraged to apply for lead plaintiff status by May 29, 2026, to represent other investors in the class action, with Kessler Topaz Meltzer & Check, LLP offering free case evaluations and contingency fee arrangements for legal representation.
See More
Pinterest Faces Class Action Lawsuit Over Allegations of Misleading Statements
- Class Action Initiated: Bragar Eagel & Squire, P.C. announces a class action lawsuit against Pinterest for investors who purchased securities between February 7, 2025, and February 12, 2026, indicating significant legal risks that could impact the company's stock performance.
- Allegation Details: The complaint alleges that Pinterest and its executives violated federal securities laws by failing to disclose risks of declining revenues from advertising partners, which may lead to imminent restructuring, highlighting the company's shortcomings in managing macroeconomic impacts.
- Investor Rights Protection: Investors must apply by May 29, 2026, to be appointed as lead plaintiffs, emphasizing the urgency of the legal process that could influence investor decisions and confidence.
- Law Firm Background: Bragar Eagel & Squire, P.C. is a nationally recognized law firm specializing in securities and commercial litigation, indicating their capability to effectively support investors in navigating these legal challenges.
See More
Pinterest Faces Class Action Lawsuit for Securities Violations
- Class Action Reminder: The Schall Law Firm is reminding investors of a class action lawsuit against Pinterest for violations of §§10(b) and 20(a) of the Securities Exchange Act, concerning securities purchased between February 7, 2025, and February 12, 2026, with a deadline to contact the firm by May 29, 2026.
- False Statements Allegation: The complaint alleges that Pinterest made false and misleading statements regarding reduced advertising revenue and downplayed the impact of tariffs on its business, leading to significant investor losses when the truth emerged.
- Loss Recovery Opportunity: Affected shareholders are encouraged to join the lawsuit to recover losses, with the Schall Law Firm specializing in securities class actions and offering free consultations to help investors understand their rights.
- Legal Proceedings Status: The class action has not yet been certified, meaning investors are not represented by an attorney until certification occurs, and those who choose not to act will remain absent class members.
See More
Faruqi & Faruqi Encourages Pinterest Investors to Reach Out
- Legal Investigation: Faruq & Faruq LLP is investigating potential claims against Pinterest, particularly for investors who purchased securities between February 7, 2025, and February 12, 2026, urging them to seek lead plaintiff status in a class action by the May 29, 2026 deadline to protect their legal rights.
- Revenue Guidance Downgrade: Pinterest's Q4 revenue guidance of $1.325 billion, announced on November 4, 2025, fell short of the $1.34 billion consensus, leading to a 21.76% stock price drop the following day, highlighting the severe impact of moderating ad spend.
- Restructuring Announcement: On January 27, 2026, Pinterest revealed a global restructuring plan affecting less than 15% of its workforce, with anticipated pre-tax charges of $35 million to $45 million, aimed at supporting its strategic shift towards AI, raising further concerns about its profitability.
- Earnings Report Shortfall: In its February 12, 2026 earnings report, Pinterest reported quarterly revenue of $1.32 billion, below the $1.33 billion estimate, resulting in a 16.83% stock price decline, reflecting ongoing pressures and uncertainties in its advertising revenue streams.
See More
Reminder of Pinterest Securities Class Action
- Class Action Notice: Rosen Law Firm reminds investors who purchased Pinterest securities between February 7, 2025, and February 12, 2026, that they must apply to be lead plaintiff by May 29, 2026, to participate in the class action and seek compensation.
- Fee Arrangement: Investors joining the class action will not incur any upfront costs, as the law firm operates on a contingency fee basis, which alleviates financial burdens and encourages broader participation.
- Lawsuit Background: The lawsuit alleges that Pinterest made false and misleading statements during the class period, failing to disclose that its advertising revenues were likely to decline due to U.S. tariffs and macroeconomic conditions, resulting in investor losses.
- Law Firm Credentials: Rosen Law Firm is recognized for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, demonstrating its expertise and influence in handling such cases.
See More
Reminder of Pinterest Securities Class Action
- Class Action Notice: Rosen Law Firm reminds investors who purchased Pinterest securities between February 7, 2025, and February 12, 2026, to apply as lead plaintiffs by May 29, 2026, to participate in the class action and potentially receive compensation without any upfront fees.
- Lawsuit Background: The lawsuit alleges that Pinterest failed to disclose risks of reduced advertising revenues during the class period, leading to investor losses when the true situation was revealed, highlighting the company's shortcomings in managing macroeconomic impacts.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions, having recovered over $438 million for investors in 2019 alone, and was ranked first in 2017 for the number of securities class action settlements, demonstrating its expertise and success in this field.
- Investor Guidance: Investors are advised to select qualified law firms with a proven track record to ensure effective legal support in class actions, avoiding firms that merely act as intermediaries, which could adversely affect the litigation outcomes.
See More
Pinterest Faces Securities Fraud Class Action Lawsuit
- Lawsuit Background: Kessler Topaz Meltzer & Check, LLP has filed a securities fraud class action lawsuit against Pinterest, Inc. on behalf of investors who purchased securities between February 7, 2025, and February 12, 2026, alleging significant misstatements regarding the company's advertising revenues, potentially leading to investor losses.
- Key Allegations: The lawsuit claims that Pinterest failed to disclose risks of declining revenues from advertising partners and overstated its ability to manage the impact of U.S. tariffs, which could lead to imminent restructuring, thereby affecting its future financial performance.
- Stock Price Impact: Following the release of disappointing quarterly results on February 12, 2026, Pinterest's stock price dropped 16.8% to close at $15.42 per share, reflecting market concerns about the company's financial health and operational viability.
- Investor Action: Affected investors are encouraged to apply for lead plaintiff status by May 29, 2026, to represent other investors in the class action, with Kessler Topaz Meltzer & Check, LLP offering free case evaluations and contingency fee arrangements for legal representation.
See More
