Pinterest Inc. [NYSE: PINS] closed the trading session at $20.40 on 07/15/22. The dayâ€™s price range saw the stock hit a low of $19.63, while the highest price level was $20.78. The company report on June 28, 2022 that Pinterest Appoints Bill Ready as CEO; Co-Founder and CEO Ben Silbermann Transitions to Executive Chairman.
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Pinterest, Inc. (NYSE: PINS) today announced that co-founder, Chief Executive Officer and President, Ben Silbermann will transition to the newly created role of Executive Chairman, and online commerce expert Bill Ready will become Chief Executive Officer and a member of the Board of Directors, effective June 29, 2022.
Ready is joining Pinterest from Google, where he served as President of Commerce, Payments & Next Billion Users and oversaw Googleâ€™s vision, strategy and the delivery of its commerce products. Prior to Google, Ready served in various senior leadership roles at PayPal, including Executive Vice President and Chief Operating Officer.
The stocks have a year to date performance of -43.88 percent and weekly performance of 0.79 percent. The stock has been moved at -40.75 percent over the last six months. The stock has performed 18.67 percent around the most recent 30 days and changed -11.11 percent over the most recent 3-months.
If compared to the average trading volume of 16.14M shares, PINS reached to a volume of 42777134 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Hereâ€™s what leading stock market gurus have to 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 $27.71 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.
Piper Sandler have made an estimate for Pinterest Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 02, 2022. While these analysts kept the previous recommendation, Citigroup dropped their target price from $28 to $27. The new note on the price target was released on April 20, 2022, representing the official price target for Pinterest Inc. stock. Previously, the target price had yet another raise to $21, while Rosenblatt analysts kept a Neutral rating on PINS stock. On March 29, 2022, analysts decreased their price target for PINS shares from 53 to 30.
The Average True Range (ATR) for Pinterest Inc. is set at 1.45, with the Price to Sales ratio for PINS stock in the period of the last 12 months amounting to 4.37. The Price to Book ratio for the last quarter was 4.32, with the Price to Cash per share for the same quarter was set at 4.69. Price to Free Cash Flow for PINS in the course of the last twelve months was 17.11 with Quick ratio for the last quarter at 14.20.
PINS stock trade performance evaluation
Pinterest Inc. [PINS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.79. With this latest performance, PINS shares gained by 18.67% in over the last four-week period, additionally sinking by -40.75% over the last 6 months â€“ not to mention a drop of -70.87% 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 53.88, with the RSI for the last a single of trading hit 57.36, and the three-weeks RSI is set at 51.74 for Pinterest Inc. [PINS]. The present Moving Average for the last 50 days of trading for this stock 19.99, while it was recorded at 18.68 for the last single week of trading, and 30.64 for the last 200 days.
Pinterest Inc. [PINS]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Pinterest Inc. [PINS] shares currently have an operating margin of +12.65 and a Gross Margin at +79.47. Pinterest Inc.â€™s Net Margin is presently recorded at +12.27.
Return on Equity for this stock inclined to 11.98, with Return on Assets sitting at 10.30.
Pinterest Inc.â€™s liquidity data is similarly interesting compelling, with a Quick Ratio of 14.20 and a Current Ratio set at 14.20.
Earnings per share (EPS) analysis for Pinterest Inc. [PINS] stock
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Pinterest Inc. go to 1.40%.
Pinterest Inc. [PINS]: Insider Ownership positions
There are presently around $8,740 million, or 78.70% of PINS stock, in the hands of institutional investors. The top three institutional holders of PINS stocks are: VANGUARD GROUP INC with ownership of 50,128,803, which is approximately 1.95% of the companyâ€™s market cap and around 0.50% of the total institutional ownership; FLOSSBACH VON STORCH AG, holding 31,376,971 shares of the stock with an approximate value of $640.09 million in PINS stocks shares; and BLACKROCK INC., currently with $598.79 million in PINS stock with ownership of nearly -5.305% of the companyâ€™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 332 institutional holders increased their position in Pinterest Inc. [NYSE:PINS] by around 94,023,282 shares. Additionally, 370 investors decreased positions by around 84,581,656 shares, while 112 investors held positions by with 249,845,915 shares. The mentioned changes placed institutional holdings at 428,450,853 shares, according to the latest SEC report filing. PINS stock had 92 new institutional investments in for a total of 10,993,460 shares, while 138 institutional investors sold positions of 13,047,206 shares during the same period.