Pinterest Inc [PINS] stock is trading at $32.59, up 0.49%. 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 3.33% over the last week, with a monthly amount drifted -0.52%, 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 24, 2024, when Oppenheimer initiated its Outperform rating and assigned the stock a price target of $45. Previously, Deutsche Bank started tracking the stock with Buy rating on September 23, 2024, and set its price target to $43. On September 05, 2024, Cantor Fitzgerald initiated with a Overweight rating and assigned a price target of $41 on the stock. Wells Fargo reiterated its Overweight rating and decreased its price target to $41 on July 31, 2024. Piper Sandler reiterated its recommendation of a Overweight and reduced its price target to $45 on July 31, 2024. KeyBanc Capital Markets reiterated a Overweight rating for this stock on July 31, 2024, and downed its price target to $43. In a note dated July 31, 2024, JP Morgan reiterated an Neutral rating on this stock and revised its target price from $44 to $38.
Pinterest Inc [PINS] stock has fluctuated between $24.47 and $45.19 over the past year. Currently, Wall Street analysts expect the stock to reach $41.27 within the next 12 months. Pinterest Inc [NYSE: PINS] shares were valued at $32.59 at the most recent close of the market. An investor can expect a potential return of 26.63% based on the average PINS price forecast.
Analyzing the PINS fundamentals
Pinterest Inc [NYSE:PINS] reported sales of 3.34B for the trailing twelve months, which represents a growth of 20.57%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.05.
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 32.26 points at the first support level, and at 31.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.08, and for the 2nd resistance point, it is at 33.56.
Ratios To Look Out For
For context, Pinterest Inc’s Current Ratio is 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 6.70, the price to book ratio is 6.99 and price to earnings (TTM) ratio is 118.42.
Transactions by insiders
Recent insider trading involved Rajaram Gokul, Director, that happened on Oct 16 ’24 when 1150.0 shares were sold. Director, Rajaram Gokul completed a deal on Oct 16 ’24 to buy 1150.0 shares. Meanwhile, Chief Financial Officer Brau Donnelly Julia sold 30280.0 shares on Sep 27 ’24.
