The stock of Pinterest Inc (NYSE:PINS) last traded at $33.45, down -0.98% from the previous session.
PINS stock price is now -3.03% away from the 50-day moving average and 4.52% away from the 200-day moving average. The market capitalization of the company currently stands at $22.71B.
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With the price target maintained at $45, Argus recently Upgraded its rating from Hold to Buy for Pinterest Inc (NYSE: PINS). On January 09, 2024, BMO Capital Markets recently initiated its ‘Outperform’ rating on the stock quoting a target price of $45, while ‘Raymond James’ rates the stock as ‘Outperform’
In other news, Rajaram Gokul, Director sold 1,934 shares of the company’s stock on Apr 15 ’24. The stock was sold for $64,480 at an average price of $33.34. Upon completion of the transaction, the Director now directly owns 31,646 shares in the company, valued at $1.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 01 ’24, Director JORDAN JEFFREY D sold 20,000 shares of the business’s stock. A total of $701,672 was realized by selling the stock at an average price of $35.08. This leaves the insider owning 34,215 shares of the company worth $1.14 million. A total of 13.76% of the company’s stock is owned by insiders.
During the past 12 months, Pinterest Inc has had a low of $20.60 and a high of $41.60. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 10.53, and a quick ratio of 10.53.
According to the Internet Content & Information Company, earnings per share came in at 0.08, beating analysts’ expectations of 0.01 by 0.07. This compares to $0.03 EPS in the same period last year. The net profit margin was -1.17% and return on equity was -1.12% for PINS. The company reported revenue of $981.26 million for the quarter, compared to $877.21 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.86 percent. For the current quarter, analysts expect PINS to generate $699.87M in revenue.
