In yesterday’s Wall Street session, Pinterest Inc (NYSE:PINS) shares traded at $30.94, up 1.18% from the previous session.
PINS stock price is now 0.34% away from the 50-day moving average and -11.27% away from the 200-day moving average. The market capitalization of the company currently stands at $21.16B.
With the price target reduced from $41 to $36, Piper Sandler Downgraded its rating from Overweight to Neutral for Pinterest Inc (NYSE: PINS). On November 26, 2024, TD Cowen recently initiated its ‘Buy’ rating on the stock quoting a target price of $38, while ‘Wedbush’ rates the stock as ‘Outperform’
In other news, Rajaram Gokul, Director sold 1,150 shares of the company’s stock on Dec 18 ’24. The stock was sold for $35,627 at an average price of $30.98. Upon completion of the transaction, the Director now directly owns 31,386 shares in the company, valued at $0.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 18 ’24, Director Rajaram Gokul bought 1,150 shares of the business’s stock. A total of $35,627 was incurred on buying the stock at an average price of $30.98. A total of 13.65% 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 $18621906944, which is based on a 100.00 price-to-earnings ratio, a 2.13 price-to-earnings-growth ratio, and a beta of 1.05. The fifty day moving average price for PINS is $30.835 and a two-hundred day moving average price translates $34.87035 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. For the current quarter, analysts expect PINS to generate $1.14B in revenue.
