The stock of Pinterest Inc. (NYSE:PINS) increased by $0.37 on Monday to finish at $26.15, up 1.44 percent. The last five days have seen an average of 7,462,920 shares of common stock traded. 10 times new highs were reached in the current year, with a gain of $1.87. The average number of shares traded over the last 20 days was 11,358,360, while the average volume over the last 50 days totaled 10,354,428.
PINS stock dropped -8.92% since last month. On 08/11/23, the company’s shares reached a one-month low of $25.38. The stock touched a high of $30.86 on 07/18/23, after rallying from a low of $20.39 in 52 weeks. The price of PINS stock has risen by 7.70% or $1.87 this year, reaching a new high 10 times. Still, the stock price is down -15.26% from the 52-week high.
Insider Transactions
PINS stock investors should be aware that Pinterest Inc. (PINS) stock had its last reported insider trading activity 12 days ago on Aug 03. On Aug 03, Former Chief Financial Officer Morgenfeld Todd R sold 182,115 shares at $27.52 each. This transaction resulted in the insider making $5,011,386. On Aug 01, JORDAN JEFFREY D sold 7,500 shares at a price of US$28.60. After the transaction, the insider now owns 161,715 shares. Director Sharp Evan had earlier sold 55,241 shares on Jul 27 for $28.12 a share. The transaction was completed for $1,553,300.
Valuation Metrics
Beta for the stock is 1.04. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 6.13, the price-to-book (PB) ratio of 6.55, and the price-to-cash flow ratio of 47.61.
Financial Health
For the three months ended June 29, Pinterest Inc.’s quick ratio was 9.20, while its current ratio was 9.20, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 75.40% percent. Pinterest Inc.’s EBITDA margin for the year ended June 29 was -1.63%, whereas its operating margin stood at -13.20% for the same period. Based on annual data, it had gross profit of $2.12 billion and revenue of $2.8 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PINS’s return on assets (ROA) during the last 12 months has been -8.10%. There was a -3.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -9.60%.
Earnings Surprise
According to Pinterest Inc.’s quarterly financial report for the quarter that ended June 29, it had $1.12 billion in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $708.03 million, while revenues rose by 5.95% to $602.58 million. It was predicted that Pinterest Inc.’s quarterly earnings would be $0.21, but it ended up being $0.12, beating the consensus by 75.00%. EBITDA was -$68.17 million for the quarter. At the end of Pinterest Inc.’s most recent quarter ended June 29, its liabilities totaled 508.71 million, while its total debt was $163.02 million. Equity owned by shareholders amounts to $670.01 million.
Technical Picture
Here’s a quick look at Pinterest Inc.’s (PINS) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 38.89%, suggesting the stock is Neutral, with a 26.23% historical volatility rate.
The stochastic %K and %D were 10.00% and 7.58% respectively, while the average true range (ATR) was 1.06. Based on the 14-day stochastic reading of 19.54%, the RSI (14) reading is 42.84%. On the 9-day MACD Oscillator, the stock is at -0.68, and the 14-day reading is at -1.24.
Analyst Ratings
In its most recent analyst report, Rosenblatt raised its rating on Pinterest Inc. (NYSE: PINS) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Pinterest Inc. (PINS) an Overweight rating. PINS is a stock that is recommended for selling by 1 brokerage firm, while 15 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 12 others recommend it as a buy.
What is PINS’s price target for the next 12 months?
The current consensus forecast for the stock is between $24.00 and $45.00, with a median target price of $32.00. In analyzing these forecasts, the average price target given by analysts for Pinterest Inc. (PINS) is $32.19.
