Pinterest Inc. (NYSE:PINS) finished Thursday with a subtraction of -$0.55 to close at $26.74, a downside of -2.02 percent. An average of 8,184,720 shares of common stock have been traded in the last five days. There was a gain of $0.04 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 10,996,620 shares traded, while the 50-day average volume stands at 10,544,300.
PINS stock has decreased by -3.47% in the last month. The company shares reached their 1-month lowest point of $25.22 on 08/16/23. With the stock rallying to its 52-week high on 07/18/23, shares of the company touched a low of $20.39 and a high of $30.86 in 52 weeks. It has reached a new high 10 times so far this year and achieved 10.13% or $2.46 in price. In spite of this, the price is down -13.35% from the 52-week high.
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Insider Transactions
PINS stock investors should be aware that Pinterest Inc. (PINS) stock had its last reported insider trading activity 4 days ago on Aug 21. In this transaction, the insider spent $1,231,074. Chief Legal & Bus Affairs Ofc., Walcott Wanjiku Juanita, disposed of 25,557 shares at a price of $25.34 on Aug 16. The insider now owns more than $647,581 worth of shares. Prior to that, Director Rajaram Gokul went on to Sale 1,934 shares at $25.25 each on Aug 16. An amount of $48,834 was transacted.
Valuation Metrics
Pinterest Inc. (PINS) stock’s beta is 1.03. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.30, the price-to-book (PB) ratio at 6.70, and the price-to-cash flow ratio at 48.88.
Financial Health
The quick ratio of Pinterest Inc. for the recent quarter was 9.20, and the current ratio was 9.20, 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 recent quarter. Pinterest Inc.’s EBITDA margin is -1.63%, while its operating margin for the same period stands at -13.20%. Its gross profit as reported stood at $2.12 billion compared to revenue of $2.8 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 -8.10%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$34.94 million in the quarter, while revenues were shrunk -23.3%. Shareholders own equity worth $670.01 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 24 August was 48.21%, suggesting the stock is Neutral, with historical volatility in this time frame at 32.05%.
As of today, PINS’s price is $26.99 +0.15% or $0.04 from its 5-day moving average. PINS is currently trading -0.45% lower than its 20-day SMA and -1.94% lower than its 100-day SMA. However, the stock’s current price level is +10.27% above the SMA50 and +19.43% above the SMA200.
The stochastic %K and %D were 65.47% and 59.37%, respectively, and the average true range (ATR) was 0.99. With the 14-day stochastic at 61.04% and the average true range at 1.01, the RSI (14) stands at 48.40%. The stock has reached 0.36 on the 9-day MACD Oscillator while the 14-day reading was at 0.46.
Analyst Ratings
Wedbush launched coverage on Pinterest Inc. (NYSE: PINS) in its analyst report released on August 22, 2023. The firm assigned the stock a Neutral rating. The consensus rating for Pinterest Inc. (PINS) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell PINS, while 16 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 12 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 $24.00 and $45.00, with a median target of $32.00. Taking a look at these predictions, the average price target given by analysts for Pinterest Inc. (PINS) stock is $32.11.
