In the latest trading session, 6,336,877 Pinterest, Inc.(NYSE:PINS) shares changed hands as the company’s beta touched 0. With the company’s most recent per share price at $61.94 changing hands around -$0.38 or -0.006, the market valuation stands at $38.54 Billion. PINS’s current price is a discount, trading about -11.29% off its 52-week high of $68.93. The share price had its 52-week low at $10.1, which suggests the current value is an impressive 83.69% up since. When we look at Pinterest, Inc.’s average trading volume, we note the 10-day average is 15.96 Million shares, with the 3-month average coming to 18.97 Million.
Analysts give the Pinterest, Inc. (PINS) stock a consensus recommendation rating of Overweight, calculated at a mean rating of 2.2. If we narrow down to specifics, the data shows that none out of 29 analysts rate the stock as a Sell, with a further 2 assigning it an Overweight rating. Of the remaining, 10 recommended PINS as a Hold, 16 felt it is a Buy and 1 rated the premier stock as Underweight. Pinterest, Inc.’s EPS for the quarter is expected to be $0.31.
Pinterest, Inc. (NYSE:PINS) trade information
Although PINS has turned red as seen in intraday trades today with action -0.6%, the outlook over the past five days has been green. The jump to weekly highs of $62.63- on Friday, Nov 13 added 1.34% to the stock’s daily price. The company’s shares are showing year-to-date upside of 2.3149, with the 5-day performance at 0.07 in the green. However, in the 30-day time frame, Pinterest, Inc. (NYSE:PINS) is 0.4024 up. Looking at the short shares, we see there were 12.84 Million shares sold at short interest cover period of 0.68 days.
The consensus price target for the stock as assigned by Wall Street analysts is $67.67, meaning bulls need an upside of 9.25% from its current market value. According to analyst projections, PINS’s forecast low is $42 with $86 as the target high. To hit the forecast high, the stock’s price needs a +38.84% upsurge from its current level, while the stock would need to tank -32.19% for it to hit the projected low.
Pinterest, Inc. (PINS) estimates and forecasts
Data shows that the Pinterest, Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot +236.5% over the past 6 months. Moreover, the firm has looked to higher expectations by upgrading its fiscal year 2020 revenue estimates. Pinterest, Inc. estimates its current quarter revenue will rise +158.3%, while the growth in revenue is estimated to hit 80% for the next quarter. Year-over-year growth is forecast to reach 42.6% up from the last financial year.
Consensus estimates given by 22 financial analysts project the company’s revenue in the current quarter to hit an average of $641.97 Million. 18 analysts are of the opinion that Pinterest, Inc.’s revenue for the quarter ending 44256 will be $417.8 Million. The company’s sales revenue for the current and next quarters a year ago was $399.9 Million and $271.94 Million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 60.5%. The estimates for the next quarter sales put growth at 53.6%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0%. The 2020 estimates are for Pinterest, Inc. earnings to decrease by 0%, but the outlook for the next 5-year period is at 0% per year.
Pinterest, Inc. (NYSE:PINS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.59% of Pinterest, Inc. shares while 67.02% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 67.43%. There are 714 institutions holding the Pinterest, Inc. stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of 44011, the company held 6.29% of the shares, roughly 32.13 Million PINS shares worth $712.43 Million.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 4.64% or 23.69 Million shares worth $983.48 Million as of 44103.
Among Mutual Funds, the top two as of 44011 were Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. With 11530590 shares estimated at $255.63 Million under it, the former controlled 2.26% of total outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held about 1.96% of the shares, roughly 10.02 Million shares worth around $222.04 Million.