why Pinterest Inc. [PINS] is a Good Choice for Investors After New Price Target of $85.04

Pinterest Inc. [NYSE: PINS] jumped around 2.54 points on Monday, while shares priced at $65.43 at the close of the session, up 4.04%. The company report on June 8, 2021 that Pomerantz Law Firm Announces the Filing of a Class Action Against Pinterest, Inc. and Certain Officers – PINS.

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Pomerantz LLP announces that a class action lawsuit has been filed against Pinterest, Inc. (“Pinterest” or the “Company”) (NYSE: PINS) and certain of its officers. The class action, filed in the United States District Court for the Northern District of California, and docketed under 21-cv-04220, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Pinterest securities between February 4, 2021 and April 27, 2021, inclusive (the “Class Period”). Plaintiff pursues claims against the Defendants under the Securities Exchange Act of 1934 (the “Exchange Act”).

If you are a shareholder who purchased Pinterest securities during the Class Period, you have until June 28, 2021 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

Pinterest Inc. stock is now -0.71% down from its year-to-date (YTD) trading value. PINS Stock saw the intraday high of $65.46 and lowest of $62.02 per share. The company’s 52-week high price is 89.90, which means current price is +21.30% above from all time high which was touched on 02/16/21.

Compared to the average trading volume of 12.88M shares, PINS reached a trading volume of 7180911 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 $85.04 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 2.20. 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.

Evercore ISI have made an estimate for Pinterest Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 06, 2021. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $94 to $78. The new note on the price target was released on March 22, 2021, representing the official price target for Pinterest Inc. stock. Previously, the target price had yet another raise from $70 to $85, while Piper Sandler kept a Neutral rating on PINS stock. On February 05, 2021, analysts increased their price target for PINS shares from 85 to 107.50.

The Average True Range (ATR) for Pinterest Inc. is set at 2.62, with the Price to Sales ratio for PINS stock in the period of the last 12 months amounting to 21.77. The Price to Book ratio for the last quarter was 17.68, with the Price to Cash per share for the same quarter was set at 3.21. Price to Free Cash Flow for PINS in the course of the last twelve months was 179.98 with Quick ratio for the last quarter at 11.80.

How has PINS stock performed recently?

Pinterest Inc. [PINS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.20. With this latest performance, PINS shares gained by 10.49% in over the last four-week period, additionally sinking by -6.13% over the last 6 months – not to mention a rise of 195.66% 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 53.47, with the RSI for the last a single of trading hit 60.48, and the three-weeks RSI is set at 49.87 for Pinterest Inc. [PINS]. The present Moving Average for the last 50 days of trading for this stock 68.82, while it was recorded at 63.87 for the last single week of trading, and 63.00 for the last 200 days.

Pinterest Inc. [PINS]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Pinterest Inc. [PINS] shares currently have an operating margin of -8.42 and a Gross Margin at +73.41. Pinterest Inc.’s Net Margin is presently recorded at -7.58.

Return on Total Capital for PINS is now -6.10, given the latest momentum, and Return on Invested Capital for the company is -5.61. Return on Equity for this stock declined to -6.02, with Return on Assets sitting at -5.13. When it comes to the capital structure of this company, Pinterest Inc. [PINS] has a Total Debt to Total Equity ratio set at 8.16. Additionally, PINS Total Debt to Total Capital is recorded at 7.54, with Total Debt to Total Assets ending up at 7.01. Long-Term Debt to Equity for the company is recorded at 6.21, with the Long-Term Debt to Total Capital now at 5.74.

Reflecting on the efficiency of the workforce at the company, Pinterest Inc. [PINS] managed to generate an average of -$50,422 per employee. Receivables Turnover for the company is 3.85 with a Total Asset Turnover recorded at a value of 0.68.Pinterest Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 11.80 and a Current Ratio set at 11.80.

Earnings analysis for Pinterest Inc. [PINS]

With the latest financial reports released by the company, Pinterest Inc. posted -0.07/share EPS, while the average EPS was predicted by analysts to be reported at -0.13/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 46.20%. 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.

Insider trade positions for Pinterest Inc. [PINS]

There are presently around $27,465 million, or 74.30% of PINS stock, in the hands of institutional investors. The top three institutional holders of PINS stocks are: VANGUARD GROUP INC with ownership of 38,851,060, which is approximately -12.711% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 30,707,971 shares of the stock with an approximate value of $2.01 billion in PINS stocks shares; and MORGAN STANLEY, currently with $1.82 billion in PINS stock with ownership of nearly 34.995% of the company’s market capitalization.

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Positions in Pinterest Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 499 institutional holders increased their position in Pinterest Inc. [NYSE:PINS] by around 88,119,092 shares. Additionally, 367 investors decreased positions by around 69,256,501 shares, while 63 investors held positions by with 262,392,524 shares. The mentioned changes placed institutional holdings at 419,768,117 shares, according to the latest SEC report filing. PINS stock had 184 new institutional investments in for a total of 13,564,058 shares, while 114 institutional investors sold positions of 10,204,621 shares during the same period.

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