Market Analysts see Pinterest Inc. [PINS] gaining to $42. Time to buy?

Pinterest Inc. [NYSE: PINS] price surged by 5.22 percent to reach at $1.79. The company report on July 31, 2020 that Pinterest Announces Second Quarter 2020 Results.

Pinterest, Inc. (NYSE: PINS) today announced financial results for the quarter ended June 30, 2020.

“This quarter we reached a milestone—more than 400 million people now come to Pinterest every month to get and stay inspired,” said Ben Silbermann, CEO and co-founder, Pinterest. “In these tough times, we’re seeing more and more people rely on Pinterest to cook at home, plan kids activities and set up a home office. Businesses are helping them turn their ideas into reality as people are increasingly discovering and buying products on Pinterest.”.

A sum of 45222215 shares traded at recent session while its average daily volume was at 15.46M shares. Pinterest Inc. shares reached a high of $37.3299 and dropped to a low of $34.29 until finishing in the latest session at $36.08.

The one-year PINS stock forecast points to a potential downside of -48.66. The average equity rating for PINS stock is currently 2.60, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Pinterest Inc. [PINS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PINS shares is $24.27 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PINS stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

UBS have made an estimate for Pinterest Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 03, 2020. While these analysts kept the previous recommendation, Pivotal Research Group raised their target price from $22 to $44.50. The new note on the price target was released on August 03, 2020, representing the official price target for Pinterest Inc. stock. Previously, the target price had yet another raise to $25, while Morgan Stanley analysts kept a Equal-Weight rating on PINS stock.

The Average True Range (ATR) for Pinterest Inc. is set at 1.91, with the Price to Sales ratio for PINS stock in the period of the last 12 months amounting to 12.82. The Price to Book ratio for the last quarter was 11.10, with the Price to Cash per share for the same quarter was set at 3.95. Price to Free Cash Flow for PINS in the course of the last twelve months was 3379.13 with Quick ratio for the last quarter at 11.80.

PINS Stock Performance Analysis:

Pinterest Inc. [PINS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 48.66. With this latest performance, PINS shares gained by 49.65% in over the last four-week period, additionally plugging by 61.43% over the last 6 months – not to mention a rise of 7.48% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PINS stock in for the last two-week period is set at 83.01, with the RSI for the last a single of trading hit 88.24, and the three-weeks RSI is set at 78.62 for Pinterest Inc. [PINS]. The present Moving Average for the last 50 days of trading for this stock 23.63, while it was recorded at 28.90 for the last single week of trading, and 20.51 for the last 200 days.

Insight into Pinterest Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Pinterest Inc. [PINS] shares currently have an operating margin of -121.54 and a Gross Margin at +68.59. Pinterest Inc.’s Net Margin is presently recorded at -119.13.

Return on Total Capital for PINS is now -85.05, given the latest momentum, and Return on Invested Capital for the company is -84.57. Return on Equity for this stock declined to -94.06, with Return on Assets sitting at -75.92. When it comes to the capital structure of this company, Pinterest Inc. [PINS] has a Total Debt to Total Equity ratio set at 10.87. Additionally, PINS Total Debt to Total Capital is recorded at 9.80, with Total Debt to Total Assets ending up at 9.19. Long-Term Debt to Equity for the company is recorded at 8.57, with the Long-Term Debt to Total Capital now at 7.73.

Reflecting on the efficiency of the workforce at the company, Pinterest Inc. [PINS] managed to generate an average of -$614,060 per employee. Receivables Turnover for the company is 4.25 with a Total Asset Turnover recorded at a value of 0.64.Pinterest Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 11.80 and a Current Ratio set at 11.80.

PINS Stock EPS

With the latest financial reports released by the company, Pinterest Inc. posted 0.01/share EPS, while the average EPS was predicted by analysts to be reported at -0.04/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 125.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PINS.

Pinterest Inc. [PINS] Insider Position Details

There are presently around $10,010 million, or 70.00% of PINS stock, in the hands of institutional investors. The top three institutional holders of PINS stocks are: FLOSSBACH VON STORCH AG with ownership of 26,737,064, which is approximately 21.406% of the company’s market cap and around 0.70% of the total institutional ownership; VANGUARD GROUP INC, holding 24,665,608 shares of the stock with an approximate value of $889.93 million in PINS stocks shares; and HARRIS ASSOCIATES L P, currently with $425.14 million in PINS stock with ownership of nearly 1749.211% of the company’s market capitalization.

Positions in Pinterest Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 270 institutional holders increased their position in Pinterest Inc. [NYSE:PINS] by around 106,573,772 shares. Additionally, 134 investors decreased positions by around 56,740,872 shares, while 45 investors held positions by with 114,122,012 shares. The mentioned changes placed institutional holdings at 277,436,656 shares, according to the latest SEC report filing. PINS stock had 117 new institutional investments in for a total of 17,983,480 shares, while 66 institutional investors sold positions of 14,003,969 shares during the same period.

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