Pinterest Inc [PINS] stock prices are up 2.99% to $31.34 at the moment. 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 gain 2.72% over the last week, with a monthly amount drifted -2.12%, 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 November 26, 2024, when TD Cowen initiated its Buy rating and assigned the stock a price target of $38. Previously, Wedbush upgraded its rating to Outperform on November 11, 2024, and kept the price target unchanged to $38. On September 24, 2024, Oppenheimer initiated with a Outperform rating and assigned a price target of $45 on the stock. Deutsche Bank started tracking the stock assigning a Buy rating and suggested a price target of $43 on September 23, 2024. Cantor Fitzgerald initiated its recommendation with a Overweight and recommended $41 as its price target on September 05, 2024. Wells Fargo reiterated a Overweight rating for this stock on July 31, 2024, and downed its price target to $41. In a note dated July 31, 2024, Piper Sandler reiterated an Overweight rating on this stock and revised its target price from $52 to $45.
The stock price of Pinterest Inc [PINS] has been fluctuating between $27.00 and $45.19 over the past year. Currently, Wall Street analysts expect the stock to reach $40.96 within the next 12 months. Pinterest Inc [NYSE: PINS] shares were valued at $31.34 at the most recent close of the market. An investor can expect a potential return of 30.7% based on the average PINS price forecast.
Analyzing the PINS fundamentals
The Pinterest Inc [NYSE:PINS] reported sales of 3.47B for trailing twelve months, representing a surge of 17.71%. 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 0.06, Equity is 0.07 and Total Capital is 0.04. 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 30.38 points at the first support level, and at 29.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.01, and for the 2nd resistance point, it is at 32.69.
Ratios To Look Out For
It’s worth pointing out that Pinterest Inc [NYSE:PINS]’s Current Ratio is 7.90. In addition, the Quick Ratio stands at 7.90 and the Cash Ratio stands at 2.53. Considering the valuation of this stock, the price to sales ratio is 6.10, the price to book ratio is 7.31 and price to earnings (TTM) ratio is 101.29.
Transactions by insiders
Recent insider trading involved Acosta Andrea, Chief Accounting Officer, that happened on Nov 27 ’24 when 3845.0 shares were sold. Chief Legal & Bus Affairs Ofc., Walcott Wanjiku Juanita completed a deal on Nov 27 ’24 to sell 11862.0 shares. Meanwhile, Officer Acosta Andrea bought 3845.0 shares on Nov 27 ’24.
