As of Thursday close, Pinterest Inc.’s (NYSE:PINS) stock was up $0.49, moving up 1.87 percent to $26.70. The average number of shares traded per day over the past five days has been 10,101,620 shares. 3 times new highs have been achieved over the past 5 days, with a $0.78 gain in that time frame. In the last twenty days, the average volume was 11,360,645, while in the previous 50 days, it was 10,467,346.
Since last month, PINS stock retreated -10.52%. Shares of the company fell to $25.22 on 08/16/23, the lowest level in the past month. A 52-week high of $30.86 was reached on 07/18/23 after having rallying from a 52-week low of $20.39. Since the beginning of this year, PINS’s stock price has risen by 9.97% or $2.42, and marked a new high 10 times. However, the stock has declined by -13.48% since its 52-week high.
PINS stock investors should be aware that Pinterest Inc. (PINS) stock had its last reported insider trading activity 4 days ago on Aug 14. Gavini Naveen, the SVP, Products of the company, disposed of 9,598 shares for $25.96 on Aug 14. It resulted in a $249,148 divestment by the insider. Morgenfeld Todd R sold 182,115 shares at an average price of $27.52 on Aug 03. The insider now owns 0 shares following the transaction. On Aug 01, Director JORDAN JEFFREY D sold 7,500 shares at $28.60 apiece. The transaction was valued at $214,500.
Valuation Metrics
The stock’s beta is 1.04. Besides these, the trailing price-to-sales (P/S) ratio of 6.26, the price-to-book (PB) ratio of 6.69, and the price-to-cash flow ratio of 48.61 may also be considered.
Financial Health
In the three months ended June 29, Pinterest Inc.’s quick ratio stood at 9.20, while its current ratio was 9.20, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 75.40% percent. In the year ended June 29, EBITDA margin amounted to -1.63%, whereas operating margins totaled -13.20%. Based on annual data, PINS earned $2.12 billion in gross profit and brought in $2.8 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -3.40%. Return on equity (ROE) for the past 12 months was -9.60%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PINS’s revenue rose 5.95% to $602.58 million during the quarter, while net income inched up to $708.03 million. While analysts expected Pinterest Inc. to report $0.12 quarterly earnings, the actual figure was $0.21 per share, beating the consensus estimate by 75.00%. During the quarter, the company generated -$68.17 million in EBITDA. The liabilities of Pinterest Inc. were 508.71 million at the end of its most recent quarter ended June 29, and its total debt was $163.02 million. The value of shareholders’ equity is $670.01 million.
Technical Picture
This quick technical analysis looks at Pinterest Inc.’s (PINS) price momentum. With a historical volatility rate of 26.19%, the RSI 9-day stood at 48.75% on 17 August.
With respect to its five-day moving average, the current Pinterest Inc. price is up by +3.01% percent or $0.78. At present, PINS shares trade -6.18% below its 20-day simple moving average and -2.80% percent below its 100-day simple moving average. However, the stock is currently trading approximately +8.40% above its SMA50 and +7.23% above its SMA200.
Stochastic coefficient K was 22.79% and Stochastic coefficient D was 17.55%, while ATR was 1.08. Given the Stochastic reading of 36.10% for the 14-day period, the RSI (14) reading has been calculated as 48.21%. As of today, the MACD Oscillator reading stands at -0.09, while the 14-day reading stands at -0.67.
Analyst Ratings
Rosenblatt upgraded its rating on Pinterest Inc. (NYSE: PINS) to a Buy in a note to investors on August 02, 2023. The analysts firm previously had a Neutral rating on the stock.Pinterest Inc. (PINS) has been rated Overweight by analysts. According to 1 brokerage firm, PINS is a sell, and 15 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Pinterest Inc. stock as buy, with 12 recommending it as overweight.
With a median target price of $32.00, the current consensus forecast for the stock is $24.00 – $45.00. Based on these forecasts, analysts predict Pinterest Inc. (PINS) will achieve an average price target of $32.19.
