Pinterest Inc (NYSE:PINS) shares traded 1.18% higher at $34.29 on Wall Street last session.
PINS stock price is now -6.38% away from the 50-day moving average and 10.97% away from the 200-day moving average. The market capitalization of the company currently stands at $23.28B.
With the price target maintained at $45, Argus recently Upgraded its rating from Hold to Buy for Pinterest Inc (NYSE: PINS). On January 09, 2024, BMO Capital Markets recently initiated its ‘Outperform’ rating on the stock quoting a target price of $45, while ‘Raymond James’ rates the stock as ‘Outperform’
In other news, Brau Donnelly Julia, Chief Financial Officer sold 65,972 shares of the company’s stock on Mar 11 ’24. The stock was sold for $2,270,816 at an average price of $34.42. Upon completion of the transaction, the Chief Financial Officer now directly owns 392,829 shares in the company, valued at $13.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01 ’24, Director JORDAN JEFFREY D sold 20,000 shares of the business’s stock. A total of $733,000 was realized by selling the stock at an average price of $36.65. This leaves the insider owning 54,215 shares of the company worth $1.86 million. A total of 13.77% 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 $41.60. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 10.53, and a quick ratio of 10.53. The fifty day moving average price for PINS is $36.56 and a two-hundred day moving average price translates $30.95 for the stock.
The latest earnings results from Pinterest Inc (NYSE: PINS) was released for Dec, 2023. According to the Internet Content & Information Company, earnings per share came in at $0.53, beating analysts’ expectations of $0.51 by 0.02. This compares to $0.03 EPS in the same period last year. The net profit margin was -1.17% and return on equity was -1.12% for PINS. The company reported revenue of $981.26 million for the quarter, compared to $877.21 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.86 percent. For the current quarter, analysts expect PINS to generate $700M in revenue.
