In today’s recent session, 1.2 million shares of the Pinterest Inc (NYSE:PINS) have been traded, and its beta is 0.85. Most recently the company’s share price was $25.79, and it changed around -$0.2 or -0.76% from the last close, which brings the market valuation of the company to $17.46B. PINS at last check was trading at a discount to its 52-week high of $45.19, offering almost -75.22% off that amount. The share price’s 52-week low was $23.68, which indicates that the recent value has risen by an impressive 8.18% since then. We note from Pinterest Inc’s average daily trading volume that its 10-day average is 15.93 million shares, with the 3-month average coming to 13.01 million.
Pinterest Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.58. If we narrow it down even further, the data shows that 0 out of 43 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 10 recommended PINS as a Hold, whereas 27 deemed it a Buy, and 1 rated it as Underweight. Pinterest Inc is expected to report earnings per share of 0.26 for the current quarter.
Pinterest Inc (NYSE:PINS) trade information
Instantly PINS has been showing red trend so far today with a performance of -0.76% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 27.75 on recent trading dayincreased the stock’s daily price by 7.06%. The company’s shares are currently down -11.06% year-to-date, but still down -8.34% over the last five days. On the other hand, Pinterest Inc (NYSE:PINS) is -17.59% down in the 30-day period. We can see from the shorts that 26.65 million shares have been sold at a short interest cover period of 2.14 day(s).
The consensus price target as assigned by Wall Street analysts is $40, which translates to bulls needing to increase their stock price by 35.52% from its current value. Analyst projections state that PINS is forecast to be at a low of $32 and a high of $45.
Pinterest Inc (PINS) estimates and forecasts
The year-over-year growth rate is expected to be 14.07%, up from the previous year.
Consensus estimates provided by 31 financial analysts predict the company will bring in an average of 846.66M in revenue for the current quarter. 30 analysts expect Pinterest Inc to make 963.29M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 739.98M and 853.68M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 14.42%. Forecasts for the next quarter put sales growth at 12.84%.
Pinterest Inc earnings are expected to increase by 40.44% in 2025, but the outlook is positive 27.05% per year for the next five years.
PINS Dividends
Pinterest Inc’s next quarterly earnings report is expected to be released on 2025-Feb-05.
Pinterest Inc (NYSE:PINS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.61% of Pinterest Inc shares, and 91.42% of them are in the hands of institutional investors. The stock currently has a share float of 91.97%. Pinterest Inc stock is held by 1098.0 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 7.3188% or 50.0 million shares worth $220.0 as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Mid-Cap Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 17.69 shares worth $457.79 million, making up 2.98% of all outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Mid-Cap Index Fund held roughly 12.11 shares worth around $313.31 million, which represents about 2.04% of the total shares outstanding.
