Pinterest Inc (PINS) Volatility Spurs A Quest For Clarity

Currently, there are 591.66M common shares owned by the public and among those 585.53M shares have been available to trade.

Insiders at the company have transacted a total of 105 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 77 occasions, with total insider shares sold totaling 2,934,255 shares.

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The company’s stock has a 5-day price change of -1.13% and 12.28% over the past three months. PINS shares are trading -5.21% year to date (YTD), with the 12-month market performance up to 41.34% 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 10.34 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.11%, -5.42%, and 18.78% respectively.

Institutional ownership of Pinterest Inc (NYSE: PINS) shares accounts for 77.59% of the company’s 591.66M shares outstanding.

It has a market capitalization of $23.84B and a beta (3y monthly) value of 1.01. 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 3.09% over the week and 3.54% over the month.

Analysts forecast that Pinterest Inc (PINS) will achieve an EPS of $PINK for the current quarter, $24.92 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Pieris Pharmaceuticals, Inc. while analysts give the company a high EPS estimate of $Pinstripes Holdings, Inc.. Comparatively, EPS for the current quarter was $Premier, Inc. a year ago. Earnings per share for the fiscal year are expected to increase by 22.38%, and 29.74% over the next financial year. EPS should grow at an annualized rate of 23.30% 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. BMO Capital Markets coverage for the Pinterest Inc (PINS) stock in a research note released on January 09, 2024 offered a Outperform rating with a price target of $45. Raymond James was of a view on December 20, 2023 that the stock is Outperform, while RBC Capital Mkts gave the stock Outperform rating on December 11, 2023, issuing a price target of $32- $46. Jefferies on their part issued Buy rating on November 30, 2023.

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