Pinterest Inc (NYSE: PINS) is 36.69% higher 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 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 $40.00 in the last trading session, with the day’s loss setting it -0.36%.
Currently trading at $39.64, the stock is 20.18% and 25.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 27.41 million and changing -0.90% at the moment leaves the stock 14.18% off its SMA200. PINS registered -2.91% loss for a year compared to 6-month gain of 35.43%. The firm has a 50-day simple moving average (SMA 50) of $31.4594 and a 200-day simple moving average (SMA200) of $34.68425.
The stock witnessed a 28.41% loss in the last 1 month and extending the period to 3 months gives it a 17.42%, and is 19.83% 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 2.93% over the week and 3.30% over the month.
Pinterest Inc (PINS) has around 4666 employees, a market worth around $26.86B and $3.65B in sales. Current P/E ratio is 14.66 and Fwd P/E is 17.84. Profit margin for the company is 51.07%. Distance from 52-week low is 46.81% and -12.27% from its 52-week high. The company has generated returns on investments over the last 12 months (37.98%).
with sales reaching $849.49M over the same period.The EPS is expected to grow by 43.77% this year, but quarterly earnings will post 15.51% year-over-year. Quarterly sales are estimated to grow 14.80% in year-over-year returns.
Pinterest Inc (PINS) Top Institutional Holders
1079.0 institutions hold shares in Pinterest Inc (PINS), with institutional investors hold 91.11% of the company’s shares. The shares outstanding are 593.46M, and float is at 582.89M with Short Float at 4.98%. Institutions hold 90.53% 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
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Pinterest Inc disclosed in a document filed with the SEC on Jan 15 ’25 that Rajaram Gokul (Director) sold a total of 1,150 shares of the company’s common stock. The trade occurred on Jan 15 ’25 and was made at $30.43 per share for $34994.0. Following the transaction, the insider now directly holds 30236.0 shares of the PINS stock.
Still, SEC filings show that on Jan 15 ’25, Rajaram Gokul (Director) Proposed Sale 1,150 shares at an average price of $30.43 for $34995.0. The insider now directly holds shares of Pinterest Inc (PINS).
