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Pinterest Inc (PINS) Stock Could Soon Reward Patient Investors

Pinterest Inc (NYSE: PINS) is -5.16% lower on its value in year-to-date trading and has touched a low of $20.60 and a high of $41.60 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 $35.32 in the last trading session, with the day’s loss setting it -0.19%.

Currently trading at $35.13, the stock is 1.10% and -3.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.39 million and changing -0.54% at the moment leaves the stock 12.15% off its SMA200. PINS registered 33.37% gain for a year compared to 6-month gain of 29.97%. The firm has a 50-day simple moving average (SMA 50) of $7.05 and a 200-day simple moving average (SMA200) of -$206.76.

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The stock witnessed a -3.49% loss in the last 1 month and extending the period to 3 months gives it a -5.16%, and is 0.46% up 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 3.27% over the week and 3.03% over the month.

Pinterest Inc (PINS) has around 4014 employees, a market worth around $23.85B and $3.06B in sales. Fwd P/E is 20.56. Profit margin for the company is -1.17%. Distance from 52-week low is 70.53% and -15.55% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.10%).

Pinterest Inc quarterly earnings per share for the current quarter are estimated at $0.13 with sales reaching $700M over the same period.The EPS is expected to grow by 23.92% this year, but quarterly earnings will post 17.70% year-over-year. Quarterly sales are estimated to grow 16.20% in year-over-year returns.

Pinterest Inc (PINS) Top Institutional Holders

1,061 institutions hold shares in Pinterest Inc (PINS), with institutional investors hold 92.94% of the company’s shares. The shares outstanding are 591.66M, and float is at 585.54M with Short Float at 4.18%. Institutions hold 92.16% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 55.9 million shares valued at $1.53 billion. The investor’s holdings represent 9.61% of the PINS Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 34.48 million shares valued at $942.58 million to account for 5.92% of the shares outstanding. The other top investors are Price (T.Rowe) Associates Inc which holds 32.96 million shares representing 5.66% and valued at over $901.11 million, while Elliott Investment Management L.p. holds 4.81% of the shares totaling 28.0 million with a market value of $765.52 million.

Pinterest Inc (PINS) Insider Activity

The most recent transaction is an insider sale by JORDAN JEFFREY D,the company’sDirector. SEC filings show that JORDAN JEFFREY D sold 20,000 shares of the company’s common stock on Apr 01 ’24 at a price of $35.08 per share for a total of $0.7 million. Following the sale, the insider now owns 34215.0 shares.

Pinterest Inc disclosed in a document filed with the SEC on Mar 27 ’24 that Brau Donnelly Julia (Chief Financial Officer) sold a total of 30,221 shares of the company’s common stock. The trade occurred on Mar 27 ’24 and was made at $35.45 per share for $1.07 million. Following the transaction, the insider now directly holds 0.33 million shares of the PINS stock.

Still, SEC filings show that on Mar 20 ’24, Rajaram Gokul (Director) disposed off 1,934 shares at an average price of $34.10 for $65949.0. The insider now directly holds 33,580 shares of Pinterest Inc (PINS).

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