Currently, there are 591.66M common shares owned by the public and among those 589.80M shares have been available to trade.
The company’s stock has a 5-day price change of 0.60% and 27.55% over the past three months. PINS shares are trading 17.01% year to date (YTD), with the 12-month market performance up to 57.89% higher. It has a 12-month low price of $23.59 and touched a high of $45.19 over the same period. PINS has an average intraday trading volume of 8.70 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 -0.98%, 3.51%, and 21.92% respectively.
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Institutional ownership of Pinterest Inc (NYSE: PINS) shares accounts for 77.38% of the company’s 591.66M shares outstanding.
It has a market capitalization of $29.61B and a beta (3y monthly) value of 0.96. The stock’s trailing 12-month PE ratio is 205.50, while the earnings-per-share (ttm) stands at $0.21. The company has a PEG of 8.82 and a Quick Ratio of 10.04 with the debt-to-equity ratio at 0.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.91% over the week and 2.50% over the month.
Earnings per share for the fiscal year are expected to increase by 33.62%, and 22.37% 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.
