Pinterest Inc. (PINS): Here Are Some Research Recommendations

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MDVL Stock
MDVL Stock

Pinterest Inc. (NYSE:PINS) finished Thursday with a subtraction of -$0.7 to close at $23.21, a downside of -2.93 percent. An average of 13,964,640 shares of common stock have been traded in the last five days. There was a fall of -$2.42 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 15,733,870 shares traded, while the 50-day average volume stands at 16,432,211.

PINS stock has increased by 12.83% in the last month. The company shares reached their 1-month lowest point of $20.39 on 08/24/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $16.14 and a high of $66.00 in 52 weeks. It has reached a new high 1 time so far this year and lost -36.15% or -$13.14 in price. In spite of this, the price is down -64.83% from the 52-week high.


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Insider Transactions

11 days have passed since Pinterest Inc. (PINS) last reported insider trading activity. Gavini Naveen, who is SVP, Products, most recently acquired $4,756 shares at $25.47 per share on Sep 12. In this transaction, the insider spent $121,118. SVP, Products, Gavini Naveen, disposed of 4,756 shares at a price of $23.34 on Aug 12. The insider now owns more than $110,984 worth of shares. Prior to that, Director Sharp Evan went on to Sale 55,241 shares at $26.80 each on Jul 26. An amount of $1,480,542 was transacted.

Valuation Metrics

Pinterest Inc. (PINS) has a trailing price-to-earnings (P/E) ratio of 62.39. The stock’s beta is 1.07. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.91, the price-to-book (PB) ratio at 4.90, and the price-to-cash flow ratio at 23.45.

Financial Health

The quick ratio of Pinterest Inc. for the three months ended June 29 was 9.30, and the current ratio was 9.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $2.05 billion compared to revenue of $2.58 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Pinterest Inc.’s return on assets was 6.30%.

Earnings Surprise

For the three-month period that ended June 29, Pinterest Inc. had $1.02 billion in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$43.08 million in the quarter, while revenues of -$5.28 million were grew 261.14%. The analyst consensus anticipated Pinterest Inc.’s latest quarter earnings to come in at $0.18 per share, but it turned out to be $0.11, a -38.90% surprise. For the quarter, EBITDA amounted to -$25.37 million. Shareholders own equity worth $673.46 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Pinterest Inc. (PINS) price momentum. RSI 9-day as of the close on 22 September was 42.94%, suggesting the stock is Neutral, with historical volatility in this time frame at 40.66%.

As of today, PINS’s price is $24.44 -9.44% or -$2.42 from its 5-day moving average. PINS is currently trading +10.31% higher than its 20-day SMA and +13.11% higher than its 100-day SMA. However, the stock’s current price level is +26.07% above the SMA50 and -38.63% below the SMA200.

The stochastic %K and %D were 58.24% and 71.16%, respectively, and the average true range (ATR) was 1.30. With the 14-day stochastic at 42.18% and the average true range at 1.30, the RSI (14) stands at 48.27%. The stock has reached -0.81 on the 9-day MACD Oscillator while the 14-day reading was at -0.33.

Analyst Ratings

Wolfe Research upgraded Pinterest Inc. (NYSE: PINS) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Peer perform. The consensus rating for Pinterest Inc. (PINS) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell PINS, while 22 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 7 others rate it as a “buy”.

What is PINS’s price target for the next 12 months?

Analysts predict a range of price targets between $16.00 and $35.00, with a median target of $25.00. Taking a look at these predictions, the average price target given by analysts for Pinterest Inc. (PINS) stock is $25.22.

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