The price of Pinterest Inc (NYSE:PINS) shares last traded on Wall Street rose 1.61% to $31.00.
PINS stock price is now -2.52% away from the 50-day moving average and -12.58% away from the 200-day moving average. The market capitalization of the company currently stands at $20.95B.
With the price target of $38, TD Cowen recently initiated with Buy rating for Pinterest Inc (NYSE: PINS). On November 11, 2024, Wedbush Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock keeping its target price maintained at $38, while ‘Oppenheimer’ rates the stock as ‘Outperform’
In other news, Rajaram Gokul, Director sold 1,150 shares of the company’s stock on Nov 20 ’24. The stock was sold for $34,190 at an average price of $29.73. Upon completion of the transaction, the Director now directly owns 32,536 shares in the company, valued at $1.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 20 ’24, Director Rajaram Gokul bought 1,150 shares of the business’s stock. A total of $34,190 was incurred on buying the stock at an average price of $29.73. A total of 13.63% of the company’s stock is owned by insiders.
During the past 12 months, Pinterest Inc has had a low of $27.00 and a high of $45.19. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 7.90, and a quick ratio of 7.90. According to the stock market information, the enterprise value for the company is $18331301888, which is based on a 100.19 price-to-earnings ratio, a 2.28 price-to-earnings-growth ratio, and a beta of 1.03. The fifty day moving average price for PINS is $31.7678 and a two-hundred day moving average price translates $35.4823 for the stock.
The latest earnings results from Pinterest Inc (NYSE: PINS) was released for 2024-09-30. The net profit margin was 6.21% and return on equity was 7.57% for PINS. The company reported revenue of $898.37 million for the quarter, compared to $763.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.71 percent.
