In today’s recent session, 2.09 million shares of the Pinterest Inc (NYSE:PINS) have been traded, and its beta is 1.01. Most recently the company’s share price was $32.81, and it changed around $0.38 or 1.17% from the last close, which brings the market valuation of the company to $22.51B. PINS at last check was trading at a discount to its 52-week high of $45.19, offering almost -37.73% off that amount. The share price’s 52-week low was $24.47, which indicates that the recent value has risen by an impressive 25.42% since then. We note from Pinterest Inc’s average daily trading volume that its 10-day average is 6.43 million shares, with the 3-month average coming to 9.43 million.
Pinterest Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.64. If we narrow it down even further, the data shows that 0 out of 38 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 12 recommended PINS as a Hold, whereas 19 deemed it a Buy, and 0 rated it as Underweight. Pinterest Inc is expected to report earnings per share of 0.34 for the current quarter.
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Pinterest Inc (NYSE:PINS) trade information
Instantly PINS has been showing a green trend so far today with a performance of 1.17% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 33.17 on recent trading dayincreased the stock’s daily price by 1.09%. The company’s shares are currently down -11.42% year-to-date, but still up 4.03% over the last five days. On the other hand, Pinterest Inc (NYSE:PINS) is 0.15% up in the 30-day period. We can see from the shorts that 23.23 million shares have been sold at a short interest cover period of 3.13 day(s).
The consensus price target as assigned by Wall Street analysts is $41, which translates to bulls needing to increase their stock price by 19.98% from its current value. Analyst projections state that PINS is forecast to be at a low of $18 and a high of $100.
Pinterest Inc (PINS) estimates and forecasts
Pinterest Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -18.95 percent over the past six months and at a 32.11% annual growth rate that is well above the industry average of 18.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 21.40% in revenue this quarter, and will report an increase of 17.00% in the next quarter. The year-over-year growth rate is expected to be 19.00%, up from the previous year.
Consensus estimates provided by 30 financial analysts predict the company will bring in an average of 896.35M in revenue for the current quarter. 30 analysts expect Pinterest Inc to make 1.14B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 743.5M and 981.26M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 20.60%. Forecasts for the next quarter put sales growth at 16.50%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 14.64%. Pinterest Inc earnings are expected to increase by 33.36% in 2024, but the outlook is positive 43.95% per year for the next five years.
PINS Dividends
Pinterest Inc’s next quarterly earnings report is expected to be released on 2024-Nov-07.
Pinterest Inc (NYSE:PINS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.56% of Pinterest Inc shares, and 94.47% of them are in the hands of institutional investors. The stock currently has a share float of 95.01%. Pinterest Inc stock is held by 1107.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.7124% of the shares, which is about 59.14 million shares worth $2.61 billion.
AUSTIN PRIVATE WEALTH, LLC, with 7.3657% or 50.0 million shares worth $220.0 as of 2024-06-30, holds the second largest percentage of outstanding shares.
