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Why Pinterest Inc (PINS) Stock Could See Much Higher Prices Ahead

Pinterest Inc (NYSE: PINS) is 13.44% higher on its value in year-to-date trading and has touched a low of $21.25 and a high of $42.95 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PINS stock was last observed hovering at around $41.85 in the last trading session, with the day’s gains setting it 0.17%.

Currently trading at $42.02, the stock is 14.03% and 18.46% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.57 million and changing 0.41% at the moment leaves the stock 28.81% off its SMA200. PINS registered 96.36% gain for a year compared to 6-month gain of 35.24%.

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The stock witnessed a 28.97% loss in the last 1 month and extending the period to 3 months gives it a 17.67%, and is 0.29% 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 2.09% over the week and 2.96% over the month.

Pinterest Inc (PINS) has around 4014 employees, a market worth around $28.53B and $3.19B in sales. Current P/E ratio is 199.24 and Fwd P/E is 23.36. Profit margin for the company is 4.64%. Distance from 52-week low is 97.69% and -2.17% from its 52-week high. The company has generated returns on investments over the last 12 months (4.49%).

The EPS is expected to grow by 33.36% this year.

Pinterest Inc (PINS) Top Institutional Holders

The shares outstanding are 591.66M, and float is at 585.88M with Short Float at 3.90%.

Pinterest Inc (PINS) Insider Activity

The most recent transaction is an insider sale by Rajaram Gokul,the company’sDirector. SEC filings show that Rajaram Gokul sold 1,934 shares of the company’s common stock on Apr 15 ’24 at a price of $33.34 per share for a total of $64480.0. Following the sale, the insider now owns 31646.0 shares.

Pinterest Inc disclosed in a document filed with the SEC on Apr 01 ’24 that JORDAN JEFFREY D (Director) sold a total of 20,000 shares of the company’s common stock. The trade occurred on Apr 01 ’24 and was made at $35.08 per share for $0.7 million. Following the transaction, the insider now directly holds 34215.0 shares of the PINS stock.

Still, SEC filings show that on Mar 27 ’24, Brau Donnelly Julia (Chief Financial Officer) disposed off 30,221 shares at an average price of $35.45 for $1.07 million. The insider now directly holds 327,358 shares of Pinterest Inc (PINS).

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