In the latest trading session, 1.54 million Pinterest Inc (NYSE:PINS) shares changed hands as the company’s beta touched 0.98. With the company’s most recent per share price at $31.32 changing hands around $0.02 or 0.06% at last look, the market valuation stands at $21.24B. PINS’s current price is a discount, trading about -44.28% off its 52-week high of $45.19. The share price had its 52-week low at $27.00, which suggests the last value was 13.79% up since then. When we look at Pinterest Inc’s average trading volume, we note the 10-day average is 14.36 million shares, with the 3-month average coming to 11.73 million.
Analysts gave the Pinterest Inc (PINS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.60. 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 0.26.
Pinterest Inc (NYSE:PINS) trade information
Instantly PINS is in green as seen in intraday trades today. With action -5.90%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 7.99%, with the 5-day performance at -5.90% in the red. However, in the 30-day time frame, Pinterest Inc (NYSE:PINS) is -20.35% down. Looking at the short shares, we see there were 23.84 million shares sold at short interest cover period of 1.83 days.
The consensus price target for the stock as assigned by Wall Street analysts is 42, meaning bulls need an upside of 25.43% from its recent market value. According to analyst projections, PINS’s forecast low is 32 with 45 as the target high. To hit the forecast high, the stock’s price needs a -43.68% plunge from its current level, while the stock would need to soar -2.17% for it to hit the projected low.
Pinterest Inc (PINS) estimates and forecasts
Year-over-year growth is forecast to reach 15.65% up from the last financial year.
Consensus estimates given by 31 financial analysts project the company’s revenue in the current quarter to hit an average of 848.44M. 30 analysts are of the opinion that Pinterest Inc’s revenue for the current quarter will be 980.25M. The company’s revenue for the corresponding quarters a year ago was 739.98M and 853.68M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 14.66%. The estimates for the next quarter sales put growth at 14.83%. The 2025 estimates are for Pinterest Inc earnings to increase by 43.90%, but the outlook for the next 5-year period is at 28.25% per year.
Pinterest Inc (NYSE:PINS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.62% of Pinterest Inc shares while 91.52% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 92.10%. There are 91.52% 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 7.3188% or 50.0 million shares worth $220.0 as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. With 17.69 shares estimated at $558.49 million under it, the former controlled 2.97% of total outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held about 2.03% of the shares, roughly 12.11 shares worth around $382.23 million.
