Pinterest Inc (NYSE: PINS) has a higher price-to-earnings ratio of 118.02x compared to its average ratio. PINS has 36-month beta value of 1.01. Analysts have mixed views on the stock, with 19 analysts rating it as a “buy,” 6 as “overweight,” 12 as “hold,” and 0 as “sell.”
The public float for PINS is 594.13M, and currently, short sellers hold a 3.17% ratio of that float. The average trading volume of PINS on September 30, 2024 was 9.76M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
PINS) stock’s latest price update
The stock of Pinterest Inc (NYSE: PINS) has decreased by -0.73 when compared to last closing price of 32.72.Despite this, the company has seen a gain of 6.91% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-29 that Pinterest’s focus on positivity and AI-driven content recommendation is driving strong user growth, especially among Gen Z, now 40% of its +500 million users. CEO Bill Ready’s leadership, with a background at Google and PayPal, is pivotal in steering Pinterest’s positive and user-centric strategy. Pinterest’s valuation metrics are comparable to Meta Platforms, despite its faster Monthly Active User growth, making it an attractive investment.
PINS’s Market Performance
Pinterest Inc (PINS) has seen a 6.91% rise in stock performance for the week, with a 3.87% gain in the past month and a -26.30% plunge in the past quarter. The volatility ratio for the week is 2.58%, and the volatility levels for the past 30 days are at 2.80% for PINS. The simple moving average for the past 20 days is 6.95% for PINS’s stock, with a -11.38% simple moving average for the past 200 days.
Analysts’ Opinion of PINS
Many brokerage firms have already submitted their reports for PINS stocks, with Oppenheimer repeating the rating for PINS by listing it as a “Outperform.” The predicted price for PINS in the upcoming period, according to Oppenheimer is $45 based on the research report published on September 24, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see PINS reach a price target of $43. The rating they have provided for PINS stocks is “Buy” according to the report published on September 23rd, 2024.
Cantor Fitzgerald gave a rating of “Overweight” to PINS, setting the target price at $41 in the report published on September 05th of the current year.
PINS Trading at 1.41% from the 50-Day Moving Average
After a stumble in the market that brought PINS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.12% of loss for the given period.
Volatility was left at 2.80%, however, over the last 30 days, the volatility rate increased by 2.58%, as shares surge +4.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.70% lower at present.
During the last 5 trading sessions, PINS rose by +6.91%, which changed the moving average for the period of 200-days by -8.14% in comparison to the 20-day moving average, which settled at $30.43. In addition, Pinterest Inc saw -12.31% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PINS starting from Brau Donnelly Julia, who proposed sale 30,280 shares at the price of $32.72 back on Sep 27 ’24. After this action, Brau Donnelly Julia now owns shares of Pinterest Inc, valued at $990,868 using the latest closing price.
Rajaram Gokul, the Director of Pinterest Inc, sale 1,150 shares at $29.40 during a trade that took place back on Sep 18 ’24, which means that Rajaram Gokul is holding 34,836 shares at $33,810 based on the most recent closing price.
Stock Fundamentals for PINS
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.79 for the gross margin
The net margin for Pinterest Inc stands at 0.06. The total capital return value is set at 0.03. Equity return is now at value 6.52, with 5.53 for asset returns.
Based on Pinterest Inc (PINS), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 5.47. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is 0.95.
Currently, EBITDA for the company is -104.17 million with net debt to EBITDA at -9.05. When we switch over and look at the enterprise to sales, we see a ratio of 6.31. The receivables turnover for the company is 5.03for trailing twelve months and the total asset turnover is 0.89. The liquidity ratio also appears to be rather interesting for investors as it stands at 9.50.
Conclusion
To put it simply, Pinterest Inc (PINS) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
