The stock of Pinterest Inc (NYSE:PINS) last traded at $25.95, down -4.03% from the previous session.
PINS stock price is now -3.83% away from the 50-day moving average and -0.03% away from the 200-day moving average. The market capitalization of the company currently stands at $17.39B.
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With the price target of $32.10, Jefferies recently initiated with Buy rating for Pinterest Inc (NYSE: PINS).
In other news, Deputy Christine, Chief People Officer sold 14,896 shares of the company’s stock on Sep 27. The stock was sold for $388,485 at an average price of $26.08. Upon completion of the transaction, the Chief People Officer now directly owns 316,381 shares in the company, valued at $8.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 20, Director Rajaram Gokul sold 1,934 shares of the business’s stock. A total of $53,959 was realized by selling the stock at an average price of $27.90. This leaves the insider owning 52,920 shares of the company worth $1.37 million. Insiders disposed of 7,548,405 shares of company stock worth roughly $195.88 million over the past 1 year. A total of 14.52% 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 CAPITAL WORLD INVESTORS during the first quarter worth $178,075,000. CLEARBRIDGE INVESTMENTS, LLC invested $140,458,000 in shares of PINS during the first quarter. In the first quarter, MAN GROUP PLC acquired a new stake in Pinterest Inc valued at approximately $81,810,000. BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in PINS for approximately $76,487,000. SENATOR INVESTMENT GROUP LP purchased a new stake in PINS valued at around $33,605,000 in the second quarter.
With an opening price of $26.80 on Tuesday morning, Pinterest Inc (NYSE: PINS) set off the trading day. During the past 12 months, Pinterest Inc has had a low of $20.60 and a high of $30.86. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 9.19, and a quick ratio of 9.19. The fifty day moving average price for PINS is $26.95 and a two-hundred day moving average price translates $25.96 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 -10.14% and return on equity was -9.99% 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 $742.48M 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.
