Pinterest Inc (NYSE:PINS) shares traded 1.22% higher at $34.15 on Wall Street last session.
PINS stock price is now 10.19% away from the 50-day moving average and -6.27% away from the 200-day moving average. The market capitalization of the company currently stands at $23.43B.
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With the price target of $45, Oppenheimer recently initiated with Outperform rating for Pinterest Inc (NYSE: PINS). On September 23, 2024, Deutsche Bank recently initiated its ‘Buy’ rating on the stock quoting a target price of $43, while ‘Cantor Fitzgerald’ rates the stock as ‘Overweight’
In other news, Brau Donnelly Julia, Chief Financial Officer sold 30,280 shares of the company’s stock on Sep 27 ’24. The stock was sold for $990,868 at an average price of $32.72. Upon completion of the transaction, the Chief Financial Officer now directly owns 297,351 shares in the company, valued at $10.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 27 ’24, Officer Brau Donnelly Julia bought 30,280 shares of the business’s stock. A total of $990,868 was incurred on buying the stock at an average price of $32.72. A total of 13.41% 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 $45.19. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 9.50, and a quick ratio of 9.50. According to the stock market information, the enterprise value for the company is $20850145280, which is based on a 124.09 price-to-earnings ratio, a 2.82 price-to-earnings-growth ratio, and a beta of 1.01. The fifty day moving average price for PINS is $30.9926 and a two-hundred day moving average price translates $36.43435 for the stock.
The latest earnings results from Pinterest Inc (NYSE: PINS) was released for 2024-06-30. The net profit margin was 5.75% and return on equity was 6.52% for PINS. The company reported revenue of $853.68 million for the quarter, compared to $708.02 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.57 percent.
