Will Pinterest Inc (NYSE: PINS) In 2024 Be Worth Your Money?

In the last trading session, 20.46 million Pinterest Inc (NYSE:PINS) shares changed hands as the company’s beta touched 1.01. With the company’s per share price at $35.51 changed hands at -$1.36 or -3.69% during last session, the market valuation stood at $23.89B. PINS’s last price was a discount, traded about -17.15% off its 52-week high of $41.60. The share price had its 52-week low at $20.60, which suggests the last value was 41.99% up since then. When we look at Pinterest Inc’s average trading volume, we note the 10-day average is 18.52 million shares, with the 3-month average coming to 1.99.

Pinterest Inc (NYSE:PINS) trade information

Instantly PINS was in red as seen at the end of in last trading. With action -10.49%, the performance over the past five days has been red. The drop to weekly highs of 41.60 subtracted -3.69% to the stock’s daily price. The company’s shares are showing year-to-date downside of -4.13%, with the 5-day performance at -10.49% in the red. However, in the 30-day time frame, Pinterest Inc (NYSE:PINS) is -5.83% down. Looking at the short shares, we see there were 30.29 million shares sold at short interest cover period of 3.53 days.

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Pinterest Inc (PINS) estimates and forecasts

Data shows that the Pinterest Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 37.74% over the past 6 months, a 20.18% in annual growth rate that is considerably lower than the industry average of 20.90%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 14.64%. The 2024 estimates are for Pinterest Inc earnings to increase by 22.58%, but the outlook for the next 5-year period is at 38.90% per year.

PINS Dividends

Pinterest Inc is expected to release its next quarterly earnings report between April 25 and April 29.

Pinterest Inc (NYSE:PINS)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.96% of Pinterest Inc shares while 89.10% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 89.96%. There are 89.10% institutions holding the Pinterest Inc stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 9.61% of the shares, roughly 55.9 million PINS shares worth $1.53 billion.

Blackrock Inc. holds the second largest percentage of outstanding shares, with 5.92% or 34.48 million shares worth $942.58 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. With 18.55 million shares estimated at $507.07 million under it, the former controlled 3.19% of total outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held about 2.37% of the shares, roughly 13.78 million shares worth around $376.63 million.

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