The stock of Pinterest Inc (NYSE:PINS) last traded at $41.85, down -0.36% from the previous session.
PINS stock price is now 18.34% away from the 50-day moving average and 28.59% away from the 200-day moving average. The market capitalization of the company currently stands at $28.41B.
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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 $1.32 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 $1.43 million. A total of 13.70% of the company’s stock is owned by insiders.
During the past 12 months, Pinterest Inc has had a low of $21.02 and a high of $42.95. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 10.04, and a quick ratio of 10.04.
The net profit margin was 4.64% and return on equity was 4.78% for PINS. The company reported revenue of $739.98 million for the quarter, compared to $602.58 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.8 percent.
