At the time of writing, Pinterest Inc [PINS] stock is trading at $40.82, down -0.68%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PINS shares have gain 0.15% over the last week, with a monthly amount drifted -6.42%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Argus upgraded its rating to Buy on January 18, 2024, and kept the price target unchanged to $45. On January 09, 2024, BMO Capital Markets initiated with a Outperform rating and assigned a price target of $45 on the stock. RBC Capital Mkts upgraded its rating to a Outperform and raised its price target to $46 on December 11, 2023. Jefferies upgraded its rating to Buy for this stock on November 30, 2023, and upped its price target to $41. In a note dated November 27, 2023, New Street initiated an Buy rating and provided a target price of $48 on this stock.
For the past year, the stock price of Pinterest Inc fluctuated between $23.59 and $45.19. Currently, Wall Street analysts expect the stock to reach $40.28 within the next 12 months. Pinterest Inc [NYSE: PINS] shares were valued at $40.82 at the most recent close of the market. An investor can expect a potential drop of -1.32% based on the average PINS price forecast.
Analyzing the PINS fundamentals
According to Pinterest Inc [NYSE:PINS], the company’s sales were 3.19B for trailing twelve months, which represents an 22.80% jump. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.05 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.05.
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 40.34 points at the first support level, and at 39.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.66, and for the 2nd resistance point, it is at 42.50.
Ratios To Look Out For
It is important to note that Pinterest Inc [NYSE:PINS] has a current ratio of 10.04. Further, the Quick Ratio stands at 10.04, while the Cash Ratio is 4.81. Considering the valuation of this stock, the price to sales ratio is 8.74, the price to book ratio is 8.86 and price to earnings (TTM) ratio is 193.55.
Transactions by insiders
Recent insider trading involved Brau Donnelly Julia, Chief Financial Officer, that happened on Jun 27 ’24 when 30280.0 shares were sold. Chief Accounting Officer, Acosta Andrea completed a deal on Jun 20 ’24 to sell 2564.0 shares. Meanwhile, Chief Accounting Officer Acosta Andrea sold 3845.0 shares on Jun 13 ’24.
