At the time of writing, Pinterest Inc [PINS] stock is trading at $30.46, up 0.26%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PINS shares have gain 5.43% over the last week, with a monthly amount drifted -4.87%, 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 September 23, 2024, when Deutsche Bank initiated its Buy rating and assigned the stock a price target of $43. Previously, Cantor Fitzgerald started tracking the stock with Overweight rating on September 05, 2024, and set its price target to $41. On July 31, 2024, Wells Fargo reiterated its Overweight rating and revised its price target to $41 on the stock. Piper Sandler reiterated its Overweight rating and decreased its price target to $45 on July 31, 2024. KeyBanc Capital Markets reiterated its recommendation of a Overweight and reduced its price target to $43 on July 31, 2024. JP Morgan reiterated a Neutral rating for this stock on July 31, 2024, and downed its price target to $38. In a note dated July 31, 2024, Citigroup reiterated an Buy rating on this stock and revised its target price from $51 to $44.
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 $40.63 within the next 12 months. Pinterest Inc [NYSE: PINS] shares were valued at $30.46 at the most recent close of the market. An investor can expect a potential return of 33.39% based on the average PINS price forecast.
Analyzing the PINS fundamentals
According to Pinterest Inc [NYSE:PINS], the company’s sales were 3.34B for trailing twelve months, which represents an 20.57% jump. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.06 and Total Capital is 0.03. 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 30.24 points at the first support level, and at 30.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.84, and for the 2nd resistance point, it is at 31.22.
Ratios To Look Out For
It is important to note that Pinterest Inc [NYSE:PINS] has a current ratio of 9.50. As well, the Quick Ratio is 9.50, while the Cash Ratio is 3.75. Considering the valuation of this stock, the price to sales ratio is 6.26, the price to book ratio is 6.54 and price to earnings (TTM) ratio is 110.68.
Transactions by insiders
Recent insider trading involved Rajaram Gokul, Director, that happened on Sep 18 ’24 when 1150.0 shares were sold. Director, Rajaram Gokul completed a deal on Sep 18 ’24 to buy 1150.0 shares. Meanwhile, Chief Product Officer Ellis Sabrina sold 22337.0 shares on Aug 27 ’24.
