In Friday’s Wall Street session, Pinterest Inc (NYSE:PINS) shares traded at $32.42, up 3.18% from the previous session.
PINS stock price is now -5.25% away from the 50-day moving average and -4.74% away from the 200-day moving average. The market capitalization of the company currently stands at $21.99B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target maintained at $55, The Benchmark Company recently Upgraded its rating from Hold to Buy for Pinterest Inc (NYSE: PINS). On February 07, 2025, Bernstein Upgraded its previous ‘Mkt Perform’ rating to ‘Outperform’ on the stock increasing its target price from $34 to quote $47, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, Silbermann Benjamin, Director sold 102,083 shares of the company’s stock on Mar 19 ’25. The stock was sold for $3,181,291 at an average price of $31.16. 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 Mar 19 ’25, Director Rajaram Gokul sold 1,150 shares of the business’s stock. A total of $36,052 was realized by selling the stock at an average price of $31.35. This leaves the insider owning 27,936 shares of the company worth $0.91 million. A total of 13.73% 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 0.04, a current ratio of 8.75, and a quick ratio of 8.75. According to the stock market information, the enterprise value for the company is $19661377536, which is based on a 11.99 price-to-earnings ratio, a 0.42 price-to-earnings-growth ratio, and a beta of 0.98. The fifty day moving average price for PINS is $34.2164 and a two-hundred day moving average price translates $34.0331 for the stock.
The latest earnings results from Pinterest Inc (NYSE: PINS) was released for 2024-12-31. The net profit margin was 51.07% and return on equity was 47.49% for PINS. The company reported revenue of $1.15 billion for the quarter, compared to $981.26 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.62 percent.
