In yesterday’s Wall Street session, Pinterest Inc (NYSE:PINS) shares traded at $30.66, down -0.68% from the previous session.
PINS stock price is now -0.42% away from the 50-day moving average and -11.93% away from the 200-day moving average. The market capitalization of the company currently stands at $20.72B.
With the price target maintained at $40, Monness Crespi & Hardt recently Upgraded its rating from Neutral to Buy for Pinterest Inc (NYSE: PINS). On December 10, 2024, Piper Sandler Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $41 to quote $36, while ‘TD Cowen’ rates the stock as ‘Buy’
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 $0.96 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 $18432675840, which is based on a 99.10 price-to-earnings ratio, a 2.12 price-to-earnings-growth ratio, and a beta of 1.05. The fifty day moving average price for PINS is $30.7904 and a two-hundred day moving average price translates $34.8117 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.
