Pinterest Inc (NYSE:PINS) has a beta value of 1.01 and has seen 0.96 million shares traded in the recent trading session. The company, currently valued at $22.78B, closed the recent trade at $33.19 per share which meant it lost -$0.48 on the day or -1.42% during that session. The PINS stock price is -36.16% off its 52-week high price of $45.19 and 28.92% above the 52-week low of $23.59. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.21 million shares traded. The 3-month trading volume is 9.85 million shares.
The consensus among analysts is that Pinterest Inc (PINS) is Buy stock at the moment, with a recommendation rating of 1.64. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 9 out of 28 have rated it as a Hold, with 19 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.34.
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Pinterest Inc (NYSE:PINS) trade information
Sporting -1.42% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the PINS stock price touched $33.19 or saw a rise of 3.66%. Year-to-date, Pinterest Inc shares have moved -10.39%, while the 5-day performance has seen it change -1.91%. Over the past 30 days, the shares of Pinterest Inc (NYSE:PINS) have changed 13.06%. Short interest in the company has seen 20.58 million shares shorted with days to cover at 2.61.
Wall Street analysts have a consensus price target for the stock at $41, which means that the shares’ value could jump 19.05% from the levels at last check today. The projected low price target is $18.0 while the price target rests at a high of $100.0. In that case, then, we find that the latest price level in today’s session is -201.3% off the targeted high while a plunge would see the stock lose 45.77% from the levels at last check today.
Pinterest Inc (PINS) estimates and forecasts
Figures show that Pinterest Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 1.29% over the past 6 months, with this year growth rate of 32.11%, compared to 19.00% for the industry. Revenue growth from the last financial year stood is estimated to be 19.00%.
30 analysts offering their estimates for the company have set an average revenue estimate of 896.31M for the current quarter. 30 have an estimated revenue figure of 1.14B for the next ending quarter. Year-ago sales stood 743.5M and 981.26M respectively for this quarter and the next, and analysts expect sales will grow by 20.60% for the current quarter and 19.00% 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 14.64% over the past 5 years. Earnings growth for 2024 is a modest 33.40% while over the next 5 years, the company’s earnings are expected to increase by 43.95%.
PINS Dividends
Pinterest Inc is expected to release its next earnings report on 2024-Nov-07 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 0.56% of the company shares, while shares held by institutions stand at 94.21% with a share float percentage of 94.74%. Investors are also buoyed by the number of investors in a company, with Pinterest Inc having a total of 1125.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 59.14 million shares worth more than $2.61 billion. As of 2024-06-30, VANGUARD GROUP INC held 8.7124% of shares outstanding.
The other major institutional holder is AUSTIN PRIVATE WEALTH, LLC, with the holding of over 50.0 million shares as of 2024-06-30. The firm’s total holdings are worth over $220.0 and represent 7.3657% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. As of Jun 30, 2024, the former fund manager holds about 3.14% shares in the company for having 18.94 shares of worth $635.74 million while later fund manager owns 12.84 shares of worth $430.94 million as of Jun 30, 2024, which makes it owner of about 2.13% of company’s outstanding stock.
