In the latest trading session, 5.01 million Pinterest Inc (NYSE:PINS) shares changed hands as the company’s beta touched 1.01. With the company’s most recent per share price at $32.54 changing hands around $0.17 or 0.53% at last look, the market valuation stands at $22.33B. PINS’s current price is a discount, trading about -38.88% off its 52-week high of $45.19. The share price had its 52-week low at $23.59, which suggests the last value was 27.5% up since then. When we look at Pinterest Inc’s average trading volume, we note the 10-day average is 8.2 million shares, with the 3-month average coming to 9.79 million.
Analysts gave the Pinterest Inc (PINS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.64. If we narrow down to specifics, the data shows that 0 out of 28 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 9 recommended PINS as a Hold, 19 felt it is a Buy and 0 rated the stock as Underweight. Pinterest Inc’s EPS for the current quarter is expected to be 0.34.
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Pinterest Inc (NYSE:PINS) trade information
Instantly PINS is in green as seen in intraday trades today. With action 2.81%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -12.15%, with the 5-day performance at 2.81% in the green. However, in the 30-day time frame, Pinterest Inc (NYSE:PINS) is 1.56% up. Looking at the short shares, we see there were 18.85 million shares sold at short interest cover period of 2.27 days.
The consensus price target for the stock as assigned by Wall Street analysts is 39, meaning bulls need an upside of 16.56% from its recent market value. According to analyst projections, PINS’s forecast low is 18 with 100 as the target high. To hit the forecast high, the stock’s price needs a -207.31% plunge from its current level, while the stock would need to tank 44.68% 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 -7.37% over the past 6 months, a 32.11% in annual growth rate that is considerably higher than the industry average of 18.50%. Year-over-year growth is forecast to reach 19.00% up from the last financial year.
Consensus estimates given by 30 financial analysts project the company’s revenue in the current quarter to hit an average of 895.99M. 30 analysts are of the opinion that Pinterest Inc’s revenue for the current quarter will be 1.14B. The company’s revenue for the corresponding quarters a year ago was 743.5M and 981.26M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 20.50%. The estimates for the next quarter sales put growth at 16.40%.
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 33.33%, but the outlook for the next 5-year period is at 27.27% per year.
PINS Dividends
Pinterest Inc is expected to release its next quarterly earnings report on 2024-Oct-28.
Pinterest Inc (NYSE:PINS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.56% of Pinterest Inc shares while 94.19% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 94.72%. There are 94.19% institutions holding the Pinterest Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.7124% of the shares, roughly 59.14 million PINS shares worth $2.61 billion.
AUSTIN PRIVATE WEALTH, LLC holds the second largest percentage of outstanding shares, with 7.3657% or 50.0 million shares worth $220.0 as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. With 18.94 shares estimated at $613.48 million under it, the former controlled 3.14% of total outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held about 2.13% of the shares, roughly 12.84 shares worth around $415.85 million.
