A breakdown of the latest mutual funds holding Pinterest Inc (PINS)

Stocks of Pinterest Inc (NYSE:PINS) traded higher last session on Wall Street, up 0.10% to $30.95.

PINS stock price is now 13.79% away from the 50-day moving average and 17.83% away from the 200-day moving average. The market capitalization of the company currently stands at $20.87B.

With the price target enhanced from $32 to $37, BofA Securities Upgraded its rating from Neutral to Buy for Pinterest Inc (NYSE: PINS).

In other news, JORDAN JEFFREY D, Director sold 2,500 shares of the company’s stock on Nov 01. The stock was sold for $75,000 at an average price of $30.00. Upon completion of the transaction, the Director now directly owns 134,215 shares in the company, valued at $4.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 18, Director Rajaram Gokul sold 1,934 shares of the business’s stock. A total of $53,108 was realized by selling the stock at an average price of $27.46. This leaves the insider owning 50,986 shares of the company worth $1.58 million. Insiders disposed of 7,564,234 shares of company stock worth roughly $234.11 million over the past 1 year. A total of 14.39% of the company’s stock is owned by insiders.

Tuesday’s opening bell rang with an opening price of $30.90 for Pinterest Inc (NYSE: PINS). During the past 12 months, Pinterest Inc has had a low of $20.60 and a high of $31.36. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 9.99, and a quick ratio of 9.99. The fifty day moving average price for PINS is $27.20 and a two-hundred day moving average price translates $26.27 for the stock.

The latest earnings results from Pinterest Inc (NYSE: PINS) was released for Sep, 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 -$0.10 EPS in the same period last year. The net profit margin was -7.43% and return on equity was -7.37% for PINS. The company reported revenue of $763.2 million for the quarter, compared to $684.55 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.49 percent. For the current quarter, analysts expect PINS to generate $743.44M 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.

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