Pinterest Inc (NYSE:PINS) saw a downside of -1.65% to $26.28 after subtracting -$0.44 on Monday. The 5-day average trading volume is 19,409,430 shares of the company’s common stock. It has gained $28.31 in the past week and touched a new high 2 times within the past 5 days. An average of 11,071,563 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 10,873,725.
PINS’s 1-month performance is -1.72% or -$0.68 on its low of $24.38 reached on 09/19/23. The company’s shares have touched a 52-week low of $20.60 and high of $30.86, with the stock’s rally to the 52-week high happening on 07/18/23. YTD, PINS has achieved 8.24% or $1.95 and has reached a new high 10 times. However, the current price is down -14.84% from the 52-week high price.
Insider Transactions
PINS stock investors last saw insider trading activity on Sep 20.Rajaram Gokul (Director) most recently sold 1,934 shares at $27.90 per share on Sep 20. This transaction cost the insider $53,959. Chief People Officer, Deputy Christine, sold 45,153 shares at a price of $26.48 on Sep 14. Then, on Sep 12, SVP, Products Gavini Naveen sold 9,888 shares at a price of $27.81 per share. This transaction amounted to $274,983.
Valuation Metrics
PINS stock has a beta of 1.02. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.13 while the price-to-book (PB) in the most recent quarter is 6.53, with the price to cash flow ratio at 40.41.
Pinterest Inc’s quick ratio for the period ended June 29 was 9.19, with the current ratio over the same period at 9.19. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.06, while the total debt to equity was 0.06. In terms of profitability, the gross margin trailing 12 months is 75.12%. The trailing 12-month EBITDA margin is -1.63% while for the period ending June 29, Pinterest Inc’s operating margin was -12.92%. The firm’s gross profit as reported stood at $2.12 billion against revenue of $2.8 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -23.3% to -$34.94 million, while revenue of -$208.58 million was -496.97% off the previous quarter. Analysts expected PINS to announce $0.12 per share in earnings in its latest quarter, but it posted $0.21, representing a 75.00% surprise. EBITDA for the quarter stood at more than -$68.17 million. PINS stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 508.71 million, with total debt at $163.02 million. Shareholders hold equity totaling $670.01 million.
Let’s look briefly at Pinterest Inc (PINS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 44.05% to suggest the stock is trending Neutral, with historical volatility in this time period at 41.20%.
The stock’s 5-day moving average is $26.53, reflecting a +3.27% or $0.83 change from its current price. PINS is currently trading -2.53% above its 20-day SMA, +22.74% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -8.64% and SMA200 by+15.45%.
Stochastic %K and %D was 47.38% and 49.20% and the average true range (ATR) pointed at 1.08. The RSI (14) points at 45.34%, while the 14-day stochastic is at 44.58% with the period’s ATR at 1.05. The stock’s 9-day MACD Oscillator is pointing at 0.24 and -0.32 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Pinterest Inc (NYSE: PINS), DA Davidson upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for PINS stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate PINS as a “sell,”, while 13 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 13 have offered a “buy” rating.
What is PINS’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $24.00 and a high of $45.00, with their median price target at $32.50. Looking at these predictions, the average price target given by analysts is for Pinterest Inc (PINS) stock is $32.57.
