Pinterest Inc. (NYSE:PINS) shares traded -1.84% lower at $26.66 on Wall Street last session.
In accordance with the data, 33 analysts cover Pinterest Inc. (NYSE:PINS). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $45.00 and a low of $24.00, we find $32.00. Given the previous closing price of $27.16, this indicates a potential upside of 17.82 percent. PINS stock price is now 0.86% away from the 50-day moving average and 5.29% away from the 200-day moving average. The market capitalization of the company currently stands at $18.20B.
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It has been rated a hold by 16 analysts and a buy by 11. Brokers who have rated the stock have averaged $32.11 as their price target over the next twelve months.
In other news, JORDAN JEFFREY D, Director sold 7,500 shares of the company’s stock on Aug 01. The stock was sold for $214,500 at an average price of $28.60. Upon completion of the transaction, the Director now directly owns 161,715 shares in the company, valued at $4.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 27, Director Sharp Evan sold 55,241 shares of the business’s stock. A total of $1,553,300 was realized by selling the stock at an average price of $28.12. Insiders disposed of 6,822,726 shares of company stock worth roughly $181.89 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PINS stock. A new stake in Pinterest Inc. shares was purchased by ATREIDES MANAGEMENT, LP during the first quarter worth $45,530,000. SUVRETTA CAPITAL MANAGEMENT, LLC invested $24,196,000 in shares of PINS during the first quarter. In the first quarter, SELECT EQUITY GROUP, L.P. acquired a new stake in Pinterest Inc. valued at approximately $18,096,000. NISHKAMA CAPITAL, LLC acquired a new stake in PINS for approximately $17,174,000. SEGANTII CAPITAL MANAGEMENT LTD purchased a new stake in PINS valued at around $11,331,000 in the second quarter. In total, there are 979 active investors with 91.00% ownership of the company’s stock.
Pinterest Inc. (NYSE: PINS) opened at $27.25 on Friday. During the past 12 months, Pinterest Inc. has had a low of $20.39 and a high of $30.86. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 9.20, and a quick ratio of 9.20. The fifty day moving average price for PINS is $26.49 and a two-hundred day moving average price translates $25.34 for the stock.
The latest earnings results from Pinterest Inc. (NYSE: PINS) was released for Jun, 2023. According to the Internet Content & Information Company, earnings per share came in at $0.21, beating analysts’ expectations of $0.12 by 0.09. This compares to -$0.07 EPS in the same period last year. The net profit margin was -10.10% and return on equity was -9.60% for PINS. The company reported revenue of $708.02 million for the quarter, compared to $665.93 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.32 percent. For the current quarter, analysts expect PINS to generate $742.53M in revenue.
Pinterest Inc.(PINS) Company Profile
Pinterest, Inc. operates as a visual discovery engine in the United States and internationally. The company’s engine allows people to find ideas, such as recipes, home and style inspiration, and others; provides video, product, and idea pins; and offers organizing and planning tools. It shows organic recommendations and advertising engine based on pinners tastes and preferences; and enables pinners with shoppable product pins, which include price, color, and size that redirect to retailer websites. The company was formerly known as Cold Brew Labs Inc. and changed its name to Pinterest, Inc. in April 2012. Pinterest, Inc. was incorporated in 2008 and is headquartered in San Francisco, California.
