In yesterday’s Wall Street session, Pinterest Inc (NYSE:PINS) shares traded at $29.49, down -0.41% from the previous session.
PINS stock price is now -6.05% away from the 50-day moving average and -15.87% away from the 200-day moving average. The market capitalization of the company currently stands at $19.85B.
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 $0.93 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 13.66% 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 $17641959424, which is based on a 95.31 price-to-earnings ratio, a 2.03 price-to-earnings-growth ratio, and a beta of 1.03. The fifty day moving average price for PINS is $31.3898 and a two-hundred day moving average price translates $35.05195 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.
