The stock of Pinterest Inc (NYSE:PINS) last traded at $43.51, up 0.65% from the previous session.
PINS stock price is now 12.26% away from the 50-day moving average and 26.85% away from the 200-day moving average. The market capitalization of the company currently stands at $29.72B.
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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, Ellis Sabrina, Chief Product Officer sold 22,345 shares of the company’s stock on May 28 ’24. The stock was sold for $925,530 at an average price of $41.42. Upon completion of the transaction, the Chief Product Officer now directly owns 542,848 shares in the company, valued at $23.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 28 ’24, Chief Legal & Bus Affairs Ofc. Walcott Wanjiku Juanita sold 11,627 shares of the business’s stock. A total of $481,603 was realized by selling the stock at an average price of $41.42. This leaves the insider owning 307,256 shares of the company worth $13.37 million. A total of 13.65% of the company’s stock is owned by insiders.
During the past 12 months, Pinterest Inc has had a low of $23.59 and a high of $44.64. 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 $27102652416, which is based on a 206.31 price-to-earnings ratio, a 8.85 price-to-earnings-growth ratio, and a beta of 0.96. The fifty day moving average price for PINS is $38.935 and a two-hundred day moving average price translates $34.382 for the stock.
The latest earnings results from Pinterest Inc (NYSE: PINS) was released for 2024-03-31. 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.
