Reassessing The Changing Outlook For Pinterest Inc (PINS)

Currently, there are 591.66M common shares owned by the public and among those 576.80M shares have been available to trade.

Insiders at the company have transacted a total of 109 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 28 of these insider trades were purchases, accounting for 2,736,934 shares. Insider sales of the common stock occurred on 81 occasions, with total insider shares sold totaling 3,025,791 shares.

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The company’s stock has a 5-day price change of -7.25% and 17.53% over the past three months. PINS shares are trading -0.46% year to date (YTD), with the 12-month market performance up to 42.47% higher. It has a 12-month low price of $20.60 and touched a high of $41.60 over the same period. PINS has an average intraday trading volume of 4.38 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.28%, 0.01%, and 26.18% respectively.

Institutional ownership of Pinterest Inc (NYSE: PINS) shares accounts for 75.90% of the company’s 591.66M shares outstanding.

It has a market capitalization of $24.80B and a beta (3y monthly) value of 1.03. The earnings-per-share (ttm) stands at -$0.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.47% over the week and 3.19% over the month.

Analysts forecast that Pinterest Inc (PINS) will achieve an EPS of $0.13 for the current quarter, $0.25 for the next quarter and $1.69 for 2025. The lowest estimate earnings-per-share for the quarter is $0.1 while analysts give the company a high EPS estimate of $0.19. Comparatively, EPS for the current quarter was $0.08 a year ago. Earnings per share for the fiscal year are expected to increase by 21.62%, and 29.66% over the next financial year. EPS should grow at an annualized rate of 38.90% over the next five years, compared to 14.64% over the past 5-year period.

Looking at the support for the PINS, a number of firms have released research notes about the stock. Argus stated their Buy rating for the stock in a research note on January 18, 2024, with the firm’s price target at $45.

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