In yesterday’s Wall Street session, Pinterest Inc (NYSE:PINS) shares traded at $44.98, up 4.31% from the previous session.
PINS stock price is now 12.73% away from the 50-day moving average and 29.32% away from the 200-day moving average. The market capitalization of the company currently stands at $30.73B.
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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, Acosta Andrea, Chief Accounting Officer sold 2,564 shares of the company’s stock on Jun 20 ’24. The stock was sold for $115,380 at an average price of $45.00. Upon completion of the transaction, the Chief Accounting Officer now directly owns 186,906 shares in the company, valued at $8.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 13 ’24, Chief Accounting Officer Acosta Andrea sold 3,845 shares of the business’s stock. A total of $168,796 was realized by selling the stock at an average price of $43.90. This leaves the insider owning 189,470 shares of the company worth $8.52 million. A total of 13.67% 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 $45.01. 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 $28106913792, which is based on a 213.28 price-to-earnings ratio, a 9.15 price-to-earnings-growth ratio, and a beta of 0.96. The fifty day moving average price for PINS is $39.9022 and a two-hundred day moving average price translates $34.7817 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.
