In recent trading session, Pinterest Inc (NYSE:PINS) saw 20.29 million shares changing hands at last check today with its beta currently measuring 1.06. Company’s recent per share price level of $28.95 trading at -$4.98 or -14.68% at last check today assigns it a market valuation of $19.87B. That most recent trading price of PINS’s stock is at a discount of -56.1% from its 52-week high price of $45.19 and is indicating a premium of 6.74% from its 52-week low price of $27.00. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.1 million shares which gives us an average trading volume of 7.96 million if we extend that period to 3-months.
For Pinterest Inc (PINS), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.59. Splitting up the data highlights that, out of 28 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 9 suggested the stock as a Hold whereas 19 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.62 in the current quarter.
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Pinterest Inc (NYSE:PINS) trade information
Upright in the red during last session for losing -14.68%, in the last five days PINS remained trading in the red while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $28.95 price level, adding 16.45% to its value on the day. Pinterest Inc’s shares saw a change of -21.84% in year-to-date performance and have moved -9.59% in past 5-day. Pinterest Inc (NYSE:PINS) showed a performance of -14.20% in past 30-days. Number of shares sold short was 23.23 million shares which calculate 3.13 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 41 to the stock, which implies a rise of 29.39% to its recent value today. Analysts have been projecting 18 as a low price target for the stock while placing it at a high target of 100. It follows that stock’s current price would jump 37.82% in reaching the projected high whereas dropping to the targeted low would mean a gain of 37.82% for stock’s current value.
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 lost -31.07% of value to its shares in past 6 months, showing an annual growth rate of 32.11% while that of industry is 20.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 19.00% from the last financial year’s standing.
30 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.14B for the same. And 15 analysts are in estimates of company making revenue of 851.31M in the next quarter. Company posted 981.26M and 739.98M of sales in current and next quarters respectively a year earlier.
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 14.64% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 37.62% while estimates for its earnings growth in next 5 years are of 43.95%.
Pinterest Inc (NYSE:PINS)’s Major holders
Insiders are in possession of 0.56% of company’s total shares while institution are holding 94.08 percent of that, with stock having share float percentage of 94.61%. Investors also watch the number of corporate investors in a company very closely, which is 94.08% institutions for Pinterest Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at PINS for having 59.14 million shares of worth $2.61 billion. And as of 2024-06-30, it was holding 8.7124 of the company’s outstanding shares.
The second largest institutional holder is AUSTIN PRIVATE WEALTH, LLC, which was holding about 50.0 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.3657 of outstanding shares, having a total worth of $220.0.
