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Pinterest Inc. (PINS) Estimation And Forecast

Pinterest Inc. (NYSE:PINS) has a beta value of 0.98 and has seen 3.67 million shares traded in the recent trading session. The company, currently valued at $18.22B, closed the recent trade at $25.88 per share which meant it lost -$0.81 on the day or -3.03% during that session. The PINS stock price is -20.4% off its 52-week high price of $31.16 and 37.64% above the 52-week low of $16.14. If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.37 million shares traded. The 3-month trading volume is 12.42 million shares.

The consensus among analysts is that Pinterest Inc. (PINS) is an Overweight stock at the moment, with a recommendation rating of 2.50. 1 analysts rate the stock as a Sell, while 3 rate it as Overweight. 20 out of 33 have rated it as a Hold, with 9 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.26.

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Pinterest Inc. (NYSE:PINS) trade information

Sporting -3.03% in the red today, with the highest price hit on Monday, 01/23/23 when the PINS stock price touched $25.88 or saw a rise of 6.4%. Year-to-date, Pinterest Inc. shares have moved 9.93%, while the 5-day performance has seen it change 0.00%. Over the past 30 days, the shares of Pinterest Inc. (NYSE:PINS) have changed 9.21%. Short interest in the company has seen 26.39 million shares shorted with days to cover at 2.09.

Wall Street analysts have a consensus price target for the stock at $27.78, which means that the shares’ value could jump 6.84% from the levels at last check today. The projected low price target is $19.00 while the price target rests at a high of $39.00. In that case, then, we find that the latest price level in today’s session is -50.7% off the targeted high while a plunge would see the stock lose 26.58% from the levels at last check today.

Pinterest Inc. (PINS) estimates and forecasts

Figures show that Pinterest Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 47.38% over the past 6 months, with this year growth rate of -46.90%, compared to 7.20% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are -46.90% and -70.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 8.40%.

26 analysts offering their estimates for the company have set an average revenue estimate of $884.57 million for the current quarter. 15 have an estimated revenue figure of $633.52 million for the next quarter concluding in Mar 2023. Year-ago sales stood $846.65 million and $574.88 million respectively for this quarter and the next, and analysts expect sales will grow by 4.50% for the current quarter and 10.20% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 28.40% over the past 5 years. Earnings growth for 2023 is a modest 338.50% while over the next 5 years, the company’s earnings are expected to decrease by -2.70%.

PINS Dividends

Pinterest Inc. is expected to release its next earnings report between February 01 and February 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Pinterest Inc. (NYSE:PINS)’s Major holders

Insiders own 0.79% of the company shares, while shares held by institutions stand at 86.45% with a share float percentage of 87.14%. Investors are also buoyed by the number of investors in a company, with Pinterest Inc. having a total of 861 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 51.26 million shares worth more than $930.96 million. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 8.80% of shares outstanding.

The other major institutional holder is Flossbach von Storch AG, with the holding of over 32.83 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $596.14 million and represent 5.63% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Oakmark Fund. As of Jun 29, 2022, the former fund manager holds about 2.91% shares in the company for having 16.94 million shares of worth $307.63 million while later fund manager owns 15.0 million shares of worth $272.4 million as of Jun 29, 2022, which makes it owner of about 2.57% of company’s outstanding stock.

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