Wall Street Analyst Reiterated Pinterest Inc. [PINS]. What else is Wall St. saying

Pinterest Inc. [NYSE: PINS] traded at a high on 05/05/23, posting a 1.11 gain after which it closed the day’ session at $21.01. The company report on April 27, 2023 at 4:06 PM that Pinterest Announces First Quarter 2023 Results.

Pinterest, Inc. (NYSE: PINS) today announced financial results for the quarter ended March 31, 2023.

Unlock the Hottest Top 10 Penny Stocks Today! Discover Now

Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.

Gain Access to Top 10 Penny Stocks Now!.


Q1 revenue grew 5% year over year to $603 million.

The results of the trading session contributed to over 13302125 shares changing hands. Over the past one week, the price volatility of Pinterest Inc. stands at 3.61% while the volatility over the past one month is 3.47%.

The market cap for PINS stock reached $14.21 billion, with 681.14 million shares outstanding and 582.72 million shares in the current float. Compared to the average trading volume of 12.60M shares, PINS reached a trading volume of 13302125 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 $28.59 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 April 28, 2023. While these analysts kept the previous recommendation, Rosenblatt raised their target price from $26 to $27. The new note on the price target was released on April 28, 2023, representing the official price target for Pinterest Inc. stock. Previously, the target price had yet another drop from $31 to $30, while Robert W. Baird kept a Outperform rating on PINS stock. On April 28, 2023, analysts decreased their price target for PINS shares from 30 to 28.

The Average True Range (ATR) for Pinterest Inc. is set at 1.06, with the Price to Sales ratio for PINS stock in the period of the last 12 months amounting to 5.02. The Price to Book ratio for the last quarter was 4.68, with the Price to Cash per share for the same quarter was set at 4.04. Price to Free Cash Flow for PINS in the course of the last twelve months was 34.22 with Quick ratio for the last quarter at 10.20.

How has PINS stock performed recently?

Pinterest Inc. [PINS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.65. With this latest performance, PINS shares dropped by -23.12% in over the last four-week period, additionally sinking by -10.52% over the last 6 months – not to mention a drop of -13.18% 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 24.83, with the RSI for the last a single of trading hit 18.80, and the three-weeks RSI is set at 30.40 for Pinterest Inc. [PINS]. The present Moving Average for the last 50 days of trading for this stock 26.18, while it was recorded at 21.23 for the last single week of trading, and 24.44 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 -3.29 and a Gross Margin at +75.90. Pinterest Inc.’s Net Margin is presently recorded at -3.43.

Return on Total Capital for PINS is now -2.71, given the latest momentum, and Return on Invested Capital for the company is -2.86. Return on Equity for this stock declined to -3.04, with Return on Assets sitting at -2.60. When it comes to the capital structure of this company, Pinterest Inc. [PINS] has a Total Debt to Total Equity ratio set at 6.98. Additionally, PINS Total Debt to Total Capital is recorded at 6.52, with Total Debt to Total Assets ending up at 5.93. Long-Term Debt to Equity for the company is recorded at 5.45, with the Long-Term Debt to Total Capital now at 5.09.

Reflecting on the efficiency of the workforce at the company, Pinterest Inc. [PINS] managed to generate an average of -$24,090 per employee. Receivables Turnover for the company is 4.20 with a Total Asset Turnover recorded at a value of 0.76.Pinterest Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 10.20 and a Current Ratio set at 10.20.

Earnings analysis for Pinterest Inc. [PINS]

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 23.48%.

Insider trade positions for Pinterest Inc. [PINS]

There are presently around $10,965 million, or 91.00% of PINS stock, in the hands of institutional investors. The top three institutional holders of PINS stocks are: VANGUARD GROUP INC with ownership of 54,130,726, which is approximately 2.261% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 31,580,904 shares of the stock with an approximate value of $663.51 million in PINS stocks shares; and ELLIOTT INVESTMENT MANAGEMENT L.P., currently with $586.44 million in PINS stock with ownership of nearly 86.084% of the company’s market capitalization.

Positions in Pinterest Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 326 institutional holders increased their position in Pinterest Inc. [NYSE:PINS] by around 94,400,318 shares. Additionally, 313 investors decreased positions by around 75,020,430 shares, while 110 investors held positions by with 352,471,277 shares. The mentioned changes placed institutional holdings at 521,892,025 shares, according to the latest SEC report filing. PINS stock had 110 new institutional investments in for a total of 10,005,213 shares, while 77 institutional investors sold positions of 9,959,460 shares during the same period.


Please enter your comment!
Please enter your name here