Currently, there are 686.20M common shares owned by the public and among those 594.18M shares have been available to trade.
The company’s stock has a 5-day price change of 0.06% and 11.89% over the past three months. PINS shares are trading -12.85% year to date (YTD), with the 12-month market performance up to 5.08% higher. It has a 12-month low price of $27.00 and touched a high of $45.19 over the same period. PINS has an average intraday trading volume of 8.48 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 -1.56%, 1.69%, and -10.55% respectively.
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Institutional ownership of Pinterest Inc (NYSE: PINS) shares accounts for 80.64% of the company’s 686.20M shares outstanding.
It has a market capitalization of $22.31B and a beta (3y monthly) value of 1.05. The stock’s trailing 12-month PE ratio is 117.30, while the earnings-per-share (ttm) stands at $0.28. The company has a PEG of 2.67 and a Quick Ratio of 9.50 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 2.73% over the week and 2.32% over the month.
Earnings per share for the fiscal year are expected to increase by 33.36%, and 22.26% over the next financial year. EPS should grow at an annualized rate of 43.95% 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. Oppenheimer stated their Outperform rating for the stock in a research note on September 24, 2024, with the firm’s price target at $45. Deutsche Bank coverage for the Pinterest Inc (PINS) stock in a research note released on September 23, 2024 offered a Buy rating with a price target of $43. Cantor Fitzgerald was of a view on September 05, 2024 that the stock is Overweight, while Wells Fargo gave the stock Overweight rating on July 31, 2024, issuing a price target of $49- $41. Piper Sandler on their part issued Overweight rating on July 31, 2024.