Pinterest Inc. [PINS] moved down -0.28: Why It’s Important

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Pinterest Inc. [NYSE: PINS] loss -0.28% on the last trading session, reaching $18.06 price per share at the time. The company report on July 18, 2022 that Pinterest to Announce Second Quarter 2022 Results.


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Pinterest, Inc. (NYSE: PINS) will release financial results and a letter to shareholders for the second quarter 2022 on Monday, August 1st, 2022 after market close. The company will host a Q&A conference call to discuss these results at 2:00 p.m. PT (5:00 p.m. ET) on the same day.

A live webcast of the conference call and related earnings release materials can be accessed on Pinterest’s Investor Relations website at investor.pinterestinc.com. A replay of the webcast will be available through the same link following the conference call.

Pinterest Inc. represents 656.90 million in outstanding shares, while the company has a total market value of $13.86 billion with the latest information. PINS stock price has been found in the range of $17.7599 to $18.245.

If compared to the average trading volume of 16.86M shares, PINS reached a trading volume of 13830930 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $24.75 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 1.40, with the Price to Sales ratio for PINS stock in the period of the last 12 months amounting to 5.19. The Price to Book ratio for the last quarter was 3.83, with the Price to Cash per share for the same quarter was set at 3.49. Price to Free Cash Flow for PINS in the course of the last twelve months was 20.35 with Quick ratio for the last quarter at 14.20.

Trading performance analysis for PINS stock

Pinterest Inc. [PINS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.81. With this latest performance, PINS shares dropped by -9.25% in over the last four-week period, additionally sinking by -38.68% over the last 6 months – not to mention a drop of -76.52% 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 43.51, with the RSI for the last a single of trading hit 39.98, and the three-weeks RSI is set at 44.96 for Pinterest Inc. [PINS]. The present Moving Average for the last 50 days of trading for this stock 19.78, while it was recorded at 19.80 for the last single week of trading, and 29.72 for the last 200 days.

Pinterest Inc. [PINS]: A deeper dive into fundamental analysis

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.’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.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 14.20 and a Current Ratio set at 14.20.

Pinterest Inc. [PINS]: An earnings per share (EPS) analysis

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%.

An analysis of insider ownership at Pinterest Inc. [PINS]

There are presently around $7,708 million, or 78.60% 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 company’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 $566.67 million in PINS stocks shares; and BLACKROCK INC., currently with $530.11 million in PINS stock with ownership of nearly -5.305% of the company’s market capitalization.

Positions in Pinterest Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 321 institutional holders increased their position in Pinterest Inc. [NYSE:PINS] by around 92,931,764 shares. Additionally, 372 investors decreased positions by around 85,776,950 shares, while 115 investors held positions by with 248,086,188 shares. The mentioned changes placed institutional holdings at 426,794,902 shares, according to the latest SEC report filing. PINS stock had 85 new institutional investments in for a total of 10,586,783 shares, while 146 institutional investors sold positions of 14,550,254 shares during the same period.

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