Pinterest Inc (NYSE: PINS) is -20.73% 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 $28.89 in the last trading session, with the day’s gains setting it 0.47%.
Currently trading at $29.36, the stock is -4.53% and -13.14% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.11 million and changing 1.63% at the moment leaves the stock -20.17% off its SMA200. PINS registered 14.20% gain for a year compared to 6-month loss of -13.60%.
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The stock witnessed a -5.32% gain in the last 1 month and extending the period to 3 months gives it a -33.01%, and is 0.82% 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 2.66% over the week and 2.84% over the month.
Pinterest Inc (PINS) has around 4014 employees, a market worth around $20.15B and $3.34B in sales. Current P/E ratio is 106.69 and Fwd P/E is 16.53. Profit margin for the company is 5.75%. Distance from 52-week low is 24.46% and -35.02% from its 52-week high. The company has generated returns on investments over the last 12 months (5.73%).
with sales reaching $895.79M over the same period.The EPS is expected to grow by 33.40% 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
1137.0 institutions hold shares in Pinterest Inc (PINS), with institutional investors hold 94.86% of the company’s shares. The shares outstanding are 686.20M, and float is at 594.09M with Short Float at 3.05%. Institutions hold 94.32% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 59.14 million shares valued at $2.61 billion. The investor’s holdings represent 8.7124% of the PINS Shares outstanding. As of 2024-06-30, the second largest holder is AUSTIN PRIVATE WEALTH, LLC with 50.0 million shares valued at $220.0 to account for 7.3657 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 48.45 million shares representing 7.1377% and valued at over $2.14 billion, while ELLIOTT INVESTMENT MANAGEMENT L.P. holds 4.1248 of the shares totaling 28.0 million with a market value of $1.23 billion.
Pinterest Inc (PINS) Insider Activity
The most recent transaction is an insider sale by Ellis Sabrina, the company’s Chief Product Officer. SEC filings show that Ellis Sabrina sold 22,337 shares of the company’s common stock on Aug 27 ’24 at a price of $31.24 per share for a total of $0.7 million. Following the sale, the insider now owns 0.47 million shares.
Pinterest Inc disclosed in a document filed with the SEC on Aug 27 ’24 that Walcott Wanjiku Juanita (Chief Legal & Bus Affairs Ofc.) sold a total of 11,767 shares of the company’s common stock. The trade occurred on Aug 27 ’24 and was made at $31.57 per share for $0.37 million. Following the transaction, the insider now directly holds 0.28 million shares of the PINS stock.
Still, SEC filings show that on Aug 27 ’24, Acosta Andrea (Chief Accounting Officer) disposed off 3,845 shares at an average price of $31.57 for $0.12 million. The insider now directly holds 172,687 shares of Pinterest Inc (PINS).
