Pinterest Inc (NYSE:PINS) shares traded -0.54% lower at $35.13 on Wall Street last session.
PINS stock price is now -3.01% away from the 50-day moving average and 12.15% away from the 200-day moving average. The market capitalization of the company currently stands at $23.85B.
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, JORDAN JEFFREY D, Director sold 20,000 shares of the company’s stock on Apr 01 ’24. The stock was sold for $701,672 at an average price of $35.08. Upon completion of the transaction, the Director now directly owns 34,215 shares in the company, valued at $1.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 27 ’24, Chief Financial Officer Brau Donnelly Julia sold 30,221 shares of the business’s stock. A total of $1,071,330 was realized by selling the stock at an average price of $35.45. This leaves the insider owning 327,358 shares of the company worth $11.5 million. A total of 13.76% 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 $36.18 and a two-hundred day moving average price translates $31.38 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.
