Buy, Sell Or Hold Pinterest Inc (NYSE:PINS) At $40.72?

In last trading session, Pinterest Inc (NYSE:PINS) saw 31.55 million shares changing hands with its beta currently measuring 1.03. Company’s recent per share price level of $40.72 trading at -$0.11 or -0.27% at ring of the bell on the day assigns it a market valuation of $27.46B. That closing price of PINS’s stock is at a discount of -2.16% from its 52-week high price of $41.60 and is indicating a premium of 49.41% from its 52-week low price of $20.60. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 12.98 million shares which gives us an average trading volume of 9.30 million if we extend that period to 3-months.

Pinterest Inc (NYSE:PINS) trade information

Upright in the red during last session for losing -0.27%, in the last five days PINS remained trading in the green while hitting it’s week-highest on Tuesday, 02/06/24 when the stock touched $40.72 price level, adding 2.12% to its value on the day. Pinterest Inc’s shares saw a change of 9.94% in year-to-date performance and have moved 8.36% in past 5-day. Pinterest Inc (NYSE:PINS) showed a performance of 7.75% in past 30-days. Number of shares sold short was 40.7 million shares which calculate 5.47 days to cover the short interests.

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Pinterest Inc (PINS) estimates and forecasts

Statistics highlight that Pinterest Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 55.54% of value to its shares in past 6 months, showing an annual growth rate of 72.58% while that of industry is 19.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 75.90% in the current quarter and calculating 62.50% increase in the next quarter. This year revenue growth is estimated to rise 9.30% from the last financial year’s standing.

28 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $990 million for the same. And 24 analysts are in estimates of company making revenue of $702.36 million in the next quarter that will end on Mar 2024. Company posted $877.21 million and $602.58 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 12.90% while estimating it to be 16.60% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 9.71% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 21.06% while estimates for its earnings growth in next 5 years are of 38.90%.

PINS Dividends

Pinterest Inc is more likely to be releasing its next quarterly report between April 25 and April 29 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Pinterest Inc (NYSE:PINS)’s Major holders

Insiders are in possession of 0.98% of company’s total shares while institution are holding 90.26 percent of that, with stock having share float percentage of 91.15%. Investors also watch the number of corporate investors in a company very closely, which is 90.26% institutions for Pinterest Inc that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at PINS for having 55.9 million shares of worth $1.53 billion. And as of Jun 29, 2023, it was holding 9.61% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 34.48 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 5.92% of outstanding shares, having a total worth of $942.58 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 18.55 million shares of worth $507.07 million or 3.19% of the total outstanding shares. The later fund manager was in possession of 13.78 million shares on Jun 29, 2023, making its stake of worth around $376.63 million in the company or a holder of 2.37% of company’s stock.

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