A share price of Pinterest Inc [PINS] is currently trading at $32.77, up 0.21%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PINS shares have lost -2.18% over the last week, with a monthly amount drifted -3.56%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Pinterest Inc [NYSE: PINS] stock has seen the most recent analyst activity on January 18, 2024, when Argus upgraded its rating to a Buy but kept the price target unchanged to $45 for it. Previously, BMO Capital Markets started tracking the stock with Outperform rating on January 09, 2024, and set its price target to $45. RBC Capital Mkts upgraded its rating to a Outperform and increased its price target to $46 on December 11, 2023. Jefferies upgraded its rating to a Buy and raised its price target to $41 on November 30, 2023. New Street started tracking with a Buy rating for this stock on November 27, 2023, and assigned it a price target of $48. In a note dated October 31, 2023, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $32 to $37.
Pinterest Inc experienced fluctuations in its stock price throughout the past year between $20.60 and $41.60. Currently, Wall Street analysts expect the stock to reach $38.34 within the next 12 months. Pinterest Inc [NYSE: PINS] shares were valued at $32.77 at the most recent close of the market. An investor can expect a potential return of 17.0% based on the average PINS price forecast.
Analyzing the PINS fundamentals
Trailing Twelve Months sales for Pinterest Inc [NYSE:PINS] were 3.06B which represents 11.86% growth. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.01 and Total Capital is -0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.06.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 32.54 points at the first support level, and at 32.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.09, and for the 2nd resistance point, it is at 33.42.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Pinterest Inc [NYSE:PINS] is 10.53. In addition, the Quick Ratio stands at 10.53 and the Cash Ratio stands at 4.3. Considering the valuation of this stock, the price to sales ratio is 7.28, the price to book ratio is 7.19.
Transactions by insiders
Recent insider trading involved Rajaram Gokul, Director, that happened on Apr 15 ’24 when 1934.0 shares were sold. Director, JORDAN JEFFREY D completed a deal on Apr 01 ’24 to sell 20000.0 shares. Meanwhile, Chief Financial Officer Brau Donnelly Julia sold 30221.0 shares on Mar 27 ’24.
