Pinterest Inc (NYSE: PINS) is -17.76% 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 $30.38 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $30.46, the stock is 0.32% and -7.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.17 million and changing 0.26% at the moment leaves the stock -17.00% off its SMA200. PINS registered 15.16% gain for a year compared to 6-month loss of -10.12%.
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The stock witnessed a -4.87% gain in the last 1 month and extending the period to 3 months gives it a -29.36%, and is 5.43% 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 2.13% over the week and 2.70% over the month.
Pinterest Inc (PINS) has around 4014 employees, a market worth around $20.90B and $3.34B in sales. Current P/E ratio is 110.68 and Fwd P/E is 17.14. Profit margin for the company is 5.75%. Distance from 52-week low is 29.12% and -32.59% from its 52-week high. The company has generated returns on investments over the last 12 months (5.73%).
The EPS is expected to grow by 33.35% this year.
Pinterest Inc (PINS) Top Institutional Holders
1140.0 institutions hold shares in Pinterest Inc (PINS), with institutional investors hold 94.88% 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 94.34% 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 Rajaram Gokul, the company’s Director. SEC filings show that Rajaram Gokul sold 1,150 shares of the company’s common stock on Sep 18 ’24 at a price of $29.40 per share for a total of $33810.0. Following the sale, the insider now owns 34836.0 shares.
Still, SEC filings show that on Aug 27 ’24, Ellis Sabrina (Chief Product Officer) disposed off 22,337 shares at an average price of $31.24 for $0.7 million. The insider now directly holds 474,533 shares of Pinterest Inc (PINS).
