In yesterday’s Wall Street session, Pinterest Inc (NYSE:PINS) shares traded at $29.69, up 2.41% from the previous session.
PINS stock price is now -6.38% away from the 50-day moving average and -16.80% away from the 200-day moving average. The market capitalization of the company currently stands at $20.07B.
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With the price target maintained at $38, Wedbush recently Upgraded its rating from Neutral to Outperform for Pinterest Inc (NYSE: PINS). On September 24, 2024, Oppenheimer recently initiated its ‘Outperform’ rating on the stock quoting a target price of $45, while ‘Deutsche Bank’ rates the stock as ‘Buy’
In other news, Rajaram Gokul, Director sold 1,150 shares of the company’s stock on Oct 16 ’24. The stock was sold for $38,548 at an average price of $33.52. Upon completion of the transaction, the Director now directly owns 33,686 shares in the company, valued at $1.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 16 ’24, Director Rajaram Gokul bought 1,150 shares of the business’s stock. A total of $38,548 was incurred on buying the stock at an average price of $33.52. A total of 13.57% of the company’s stock is owned by insiders.
During the past 12 months, Pinterest Inc has had a low of $27.00 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 7.90, and a quick ratio of 7.90. According to the stock market information, the enterprise value for the company is $17777125376, which is based on a 95.96 price-to-earnings ratio, a 2.19 price-to-earnings-growth ratio, and a beta of 1.04. The fifty day moving average price for PINS is $31.7006 and a two-hundred day moving average price translates $35.7342 for the stock.
The latest earnings results from Pinterest Inc (NYSE: PINS) was released for 2024-09-30. The net profit margin was 6.21% and return on equity was 7.57% for PINS. The company reported revenue of $898.37 million for the quarter, compared to $763.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.71 percent. For the current quarter, analysts expect PINS to generate $1.14B in revenue.
