A share price of Pinterest Inc [PINS] is currently trading at $29.61, down -0.87%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PINS shares have lost -3.99% over the last week, with a monthly amount drifted -0.27%, 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 December 10, 2024, when Piper Sandler downgraded its rating to a Neutral and also revised its price target to $36 from $41. Previously, TD Cowen started tracking the stock with Buy rating on November 26, 2024, and set its price target to $38. On November 11, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $38 on the stock. Oppenheimer started tracking the stock assigning a Outperform rating and suggested a price target of $45 on September 24, 2024. Deutsche Bank initiated its recommendation with a Buy and recommended $43 as its price target on September 23, 2024. Cantor Fitzgerald started tracking with a Overweight rating for this stock on September 05, 2024, and assigned it a price target of $41. In a note dated July 31, 2024, Wells Fargo reiterated an Overweight rating on this stock and revised its target price from $49 to $41.
Pinterest Inc experienced fluctuations in its stock price throughout the past year between $27.00 and $45.19. Currently, Wall Street analysts expect the stock to reach $43.77 within the next 12 months. Pinterest Inc [NYSE: PINS] shares were valued at $29.61 at the most recent close of the market. An investor can expect a potential return of 47.82% based on the average PINS price forecast.
Analyzing the PINS fundamentals
Trailing Twelve Months sales for Pinterest Inc [NYSE:PINS] were 3.47B which represents 17.71% growth. 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 29.27 points at the first support level, and at 28.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.14, and for the 2nd resistance point, it is at 30.67.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Pinterest Inc [NYSE:PINS] is 7.90. As well, the Quick Ratio is 7.90, while the Cash Ratio is 2.53. Considering the valuation of this stock, the price to sales ratio is 5.76, the price to book ratio is 6.91 and price to earnings (TTM) ratio is 95.70.
Transactions by insiders
Recent insider trading involved Rajaram Gokul, Director, that happened on Dec 18 ’24 when 1150.0 shares were sold. Director, Rajaram Gokul completed a deal on Dec 18 ’24 to buy 1150.0 shares. Meanwhile, Chief Accounting Officer Acosta Andrea sold 3845.0 shares on Nov 27 ’24.
