The stock of Pinterest Inc (NYSE:PINS) last traded at $41.51, down -2.65% from the previous session.
PINS stock price is now 14.72% away from the 50-day moving average and 25.87% away from the 200-day moving average. The market capitalization of the company currently stands at $28.36B.
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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, Sharp Evan, Director sold 137,756 shares of the company’s stock on May 15 ’24. The stock was sold for $5,768,733 at an average price of $41.88. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15 ’24, Director Sharp Evan sold 53,958 shares of the business’s stock. A total of $2,259,427 was realized by selling the stock at an average price of $41.87. A total of 13.75% of the company’s stock is owned by insiders.
During the past 12 months, Pinterest Inc has had a low of $22.63 and a high of $43.12. 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. According to the stock market information, the enterprise value for the company is $25736312832, which is based on a 196.82 price-to-earnings ratio, a 8.45 price-to-earnings-growth ratio, and a beta of 0.98. The fifty day moving average price for PINS is $36.3256 and a two-hundred day moving average price translates $33.0517 for the stock.
The latest earnings results from Pinterest Inc (NYSE: PINS) was released for 2024-03-31. According to the Internet Content & Information Company, earnings per share came in at 0.21, beating analysts’ expectations of 0.12 by 0.09. This compares to -$0.31 EPS in the same period last year. 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. For the current quarter, analysts expect PINS to generate $847.18M in revenue.
