Pinterest Inc (NYSE: PINS) is -14.55% lower on its value in year-to-date trading and has touched a low of $23.59 and a high of $45.19 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 $31.77 in the last trading session, with the day’s loss setting it -0.12%.
Currently trading at $31.65, the stock is -2.33% and -18.37% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.35 million and changing -0.38% at the moment leaves the stock -14.10% off its SMA200. PINS registered 19.66% gain for a year compared to 6-month gain of -9.85%.
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The stock witnessed a -22.99% loss in the last 1 month and extending the period to 3 months gives it a -25.77%, and is 6.39% 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 3.37% over the week and 4.14% over the month.
Pinterest Inc (PINS) has around 4014 employees, a market worth around $21.72B and $3.34B in sales. Current P/E ratio is 115.01 and Fwd P/E is 17.82. Profit margin for the company is 5.75%. Distance from 52-week low is 34.17% and -29.95% from its 52-week high. The company has generated returns on investments over the last 12 months (5.73%).
with sales reaching $895.8M over the same period.The EPS is expected to grow by 33.46% this year, but quarterly earnings will post 18.90% year-over-year. Quarterly sales are estimated to grow 20.50% in year-over-year returns.
Pinterest Inc (PINS) Top Institutional Holders
1131.0 institutions hold shares in Pinterest Inc (PINS), with institutional investors hold 93.81% of the company’s shares. The shares outstanding are 686.20M, and float is at 593.24M with Short Float at 4.74%. Institutions hold 93.27% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 57.34 million shares valued at $1.99 billion. The investor’s holdings represent 8.508 of the PINS Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 49.24 million shares valued at $1.71 billion to account for 7.3056 of the shares outstanding. The other top investors are ELLIOTT INVESTMENT MANAGEMENT L.P. which holds 28.0 million shares representing 4.1543 and valued at over $970.76 million, while PRICE T ROWE ASSOCIATES INC /MD/ holds 2.9174 of the shares totaling 19.66 million with a market value of $681.73 million.
Pinterest Inc (PINS) Insider Activity
The most recent transaction is an insider sale by Brau Donnelly Julia, the company’s Chief Financial Officer. SEC filings show that Brau Donnelly Julia sold 30,280 shares of the company’s common stock on Jun 27 ’24 at a price of $44.38 per share for a total of $1.34 million. Following the sale, the insider now owns 0.36 million shares.
Pinterest Inc disclosed in a document filed with the SEC on Jun 20 ’24 that Acosta Andrea (Chief Accounting Officer) sold a total of 2,564 shares of the company’s common stock. The trade occurred on Jun 20 ’24 and was made at $45.00 per share for $0.12 million. Following the transaction, the insider now directly holds 0.19 million shares of the PINS stock.
Still, SEC filings show that on Jun 13 ’24, Acosta Andrea (Chief Accounting Officer) disposed off 3,845 shares at an average price of $43.90 for $0.17 million. The insider now directly holds 189,470 shares of Pinterest Inc (PINS).
