The price of Pinterest Inc (NYSE:PINS) shares last traded on Wall Street fell -0.90% to $39.64.
PINS stock price is now 25.28% away from the 50-day moving average and 14.18% away from the 200-day moving average. The market capitalization of the company currently stands at $26.86B.
With the price target maintained at $55, The Benchmark Company recently Upgraded its rating from Hold to Buy for Pinterest Inc (NYSE: PINS). On February 07, 2025, Bernstein Upgraded its previous ‘Mkt Perform’ rating to ‘Outperform’ on the stock increasing its target price from $34 to quote $47, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, SCIARRA MANAGEMENT TRUST, Affiliate bought 220,788 shares of the company’s stock on Feb 07 ’25. The stock was bought for $8,763,297 at an average price of $39.69. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 15 ’25, Director Rajaram Gokul sold 1,150 shares of the business’s stock. A total of $34,994 was realized by selling the stock at an average price of $30.43. This leaves the insider owning 30,236 shares of the company worth $1.2 million. A total of 13.97% 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 0.04, a current ratio of 8.75, and a quick ratio of 8.75. According to the stock market information, the enterprise value for the company is $20412846080, which is based on a 14.66 price-to-earnings ratio, a 0.52 price-to-earnings-growth ratio, and a beta of 1.02. The fifty day moving average price for PINS is $31.4594 and a two-hundred day moving average price translates $34.68425 for the stock.
The latest earnings results from Pinterest Inc (NYSE: PINS) was released for 2024-09-30. The net profit margin was 51.07% and return on equity was 47.49% 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.
