Pinterest Inc. (NYSE: PINS) is -36.15% lower on its value in year-to-date trading and has touched a low of $16.14 and a high of $66.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PINS stock was last observed hovering at around $23.91 in the last trading session, with the day’s loss setting it -0.7%.
Currently trading at $23.21, the stock is -2.41% and 4.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.39 million and changing -2.93% at the moment leaves the stock -5.94% off its SMA200. PINS registered -57.16% loss for a year compared to 6-month loss of -9.55%.
The stock witnessed a 12.83% gain in the last 1 month and extending the period to 3 months gives it a 16.63%, and is -9.44% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.86% over the week and 5.49% over the month.
Pinterest Inc. (PINS) has around 3225 employees, a market worth around $16.08B and $2.72B in sales. Current P/E ratio is 62.39 and Fwd P/E is 30.58. Profit margin for the company is 8.10%. Distance from 52-week low is 43.80% and -64.83% from its 52-week high. The company has generated returns on investments over the last 12 months (10.60%).
Pinterest Inc. (PINS) Analyst Forecasts
Pinterest Inc. is expected to release its quarterly report on 11/03/2022.The EPS is expected to grow by 338.50% this year
Pinterest Inc. (PINS) Top Institutional Holders
The shares outstanding are 662.24M, and float is at 578.13M with Short Float at 4.50%.
Pinterest Inc. (PINS) Insider Activity
A total of 50 insider transactions have happened at Pinterest Inc. (PINS) in the last six months, with sales accounting for 27 and purchases happening 23 times. The most recent transaction is an insider sale by Gavini Naveen, the company’s SVP, Products. SEC filings show that Gavini Naveen sold 4,756 shares of the company’s common stock on Sep 12 at a price of $25.47 per share for a total of $0.12 million. Following the sale, the insider now owns 0.49 million shares.
Pinterest Inc. disclosed in a document filed with the SEC on Aug 12 that Gavini Naveen (SVP, Products) sold a total of 4,756 shares of the company’s common stock. The trade occurred on Aug 12 and was made at $23.34 per share for $0.11 million. Following the transaction, the insider now directly holds 0.5 million shares of the PINS stock.
Still, SEC filings show that on Aug 03, Ready William J (Chief Executive Officer) acquired 222,551 shares at an average price of $22.47 for $5.0 million. The insider now directly holds 222,551 shares of Pinterest Inc. (PINS).