Pinterest Inc (NYSE: PINS) is -21.73% lower on its value in year-to-date trading and has touched a low of $27.00 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 $28.24 in the last trading session, with the day’s gains setting it 0.75%.
Currently trading at $28.99, the stock is -7.71% and -8.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.64 million and changing 2.66% at the moment leaves the stock -18.87% off its SMA200. PINS registered -7.29% loss for a year compared to 6-month loss of -32.01%. The firm has a 50-day simple moving average (SMA 50) of $31.709 and a 200-day simple moving average (SMA200) of $35.788.
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The stock witnessed a -12.63% gain in the last 1 month and extending the period to 3 months gives it a -8.40%, and is -4.61% down 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 3.48% over the week and 3.03% over the month.
Pinterest Inc (PINS) has around 4014 employees, a market worth around $18.84B and $3.47B in sales. Current P/E ratio is 93.70 and Fwd P/E is 15.82. Profit margin for the company is 6.21%. Distance from 52-week low is 7.37% and -35.84% from its 52-week high. The company has generated returns on investments over the last 12 months (7.08%).
The EPS is expected to grow by 39.29% this year.
Pinterest Inc (PINS) Top Institutional Holders
1076.0 institutions hold shares in Pinterest Inc (PINS), with institutional investors hold 90.75% of the company’s shares. The shares outstanding are 591.66M, and float is at 584.13M with Short Float at 2.87%. Institutions hold 90.23% 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 Oct 16 ’24 at a price of $33.52 per share for a total of $38548.0. Following the sale, the insider now owns 33686.0 shares.
Still, SEC filings show that on Sep 27 ’24, Brau Donnelly Julia (Chief Financial Officer) disposed off 30,280 shares at an average price of $32.72 for $0.99 million. The insider now directly holds 297,351 shares of Pinterest Inc (PINS).
