In yesterday’s Wall Street session, Pinterest Inc (NYSE:PINS) shares traded at $34.50, down -0.83% from the previous session.
As of this writing, 36 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 $25.00, we find $35.50. Given the previous closing price of $34.79, this indicates a potential upside of 2.04 percent. PINS stock price is now 19.08% away from the 50-day moving average and 28.78% away from the 200-day moving average. The market capitalization of the company currently stands at $23.27B.
There are 14 analysts who have given it a hold rating, whereas 19 have given it a buy rating. Brokers who have rated the stock have averaged $35.41 as their price target over the next twelve months.
With the price target enhanced from $32 to $41, Jefferies Upgraded its rating from Hold to Buy for Pinterest Inc (NYSE: PINS).
In other news, Ellis Sabrina, Chief Product Officer sold 22,830 shares of the company’s stock on Nov 27. The stock was sold for $736,674 at an average price of $32.27. Upon completion of the transaction, the Chief Product Officer now directly owns 566,747 shares in the company, valued at $19.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 27, Chief Legal & Bus Affairs Ofc. Walcott Wanjiku Juanita sold 11,410 shares of the business’s stock. A total of $368,346 was realized by selling the stock at an average price of $32.28. This leaves the insider owning 216,326 shares of the company worth $7.46 million. Insiders disposed of 6,272,939 shares of company stock worth roughly $216.42 million over the past 1 year. A total of 14.50% of the company’s stock is owned by insiders.
During the past 12 months, Pinterest Inc has had a low of $20.60 and a high of $35.03. 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 $28.97 and a two-hundred day moving average price translates $26.79 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 $0.28, beating analysts’ expectations of $0.2 by 0.08. 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 $986.72M 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.
