Pinterest Inc (NYSE:PINS) shares traded 0.21% higher at $32.90 on Wall Street last session.
PINS stock price is now 7.52% away from the 50-day moving average and -5.05% away from the 200-day moving average. The market capitalization of the company currently stands at $22.23B.
With the price target reduced from $40 to $32, Jefferies Downgraded its rating from Buy to Hold for Pinterest Inc (NYSE: PINS). On January 10, 2025, Monness Crespi & Hardt Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $40, while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, Rajaram Gokul, Director sold 1,150 shares of the company’s stock on Jan 15 ’25. The stock was sold for $34,994 at an average price of $30.43. Upon completion of the transaction, the Director now directly owns 30,236 shares in the company, valued at $0.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 15 ’25, Director Rajaram Gokul bought 1,150 shares of the business’s stock. A total of $34,995 was incurred on buying the stock at an average price of $30.43. A total of 13.71% 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 $19946526720, which is based on a 106.33 price-to-earnings ratio, a 3.98 price-to-earnings-growth ratio, and a beta of 1.06. The fifty day moving average price for PINS is $30.6002 and a two-hundred day moving average price translates $34.64905 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.
