Pinterest Inc [NYSE: PINS] gained 2.00% or 0.68 points to close at $34.66 with a heavy trading volume of 7311361 shares. The company report on February 21, 2024 at 4:06 PM that Pinterest to Participate at the Morgan Stanley Technology, Media & Telecom Conference.
Pinterest, Inc. (NYSE: PINS) announced today that Bill Ready, CEO, will participate in the Morgan Stanley Technology, Media & Telecom Conference. The session is scheduled for March 6th, 2024 at 7:15 a.m. PST / 10:15 a.m. EST.
A live webcast and replay of the presentation will be publicly available on Pinterest’s Investor Relations website at investor.pinterestinc.com.
The daily chart for PINS points out that the company has recorded 23.43% gains over the past six months.
If we look at the average trading volume of 10.15M shares, PINS reached to a volume of 7311361 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 $43.09 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 1.69. 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.
Argus have made an estimate for Pinterest Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 18, 2024. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price to Outperform. The new note on the price target was released on January 09, 2024, representing the official price target for Pinterest Inc stock. Previously, the target price had yet another raise to $45, while Raymond James analysts kept a Outperform rating on PINS stock. On December 11, 2023, analysts increased their price target for PINS shares from 32 to 46.
The Average True Range (ATR) for Pinterest Inc is set at 1.04, with the Price to Sales ratio for PINS stock in the period of the last 12 months amounting to 7.70. The Price to Book ratio for the last quarter was 7.60, with the Price to Cash per share for the same quarter was set at 3.70. Price to Free Cash Flow for PINS in the course of the last twelve months was 38.90 with Quick ratio for the last quarter at 10.53.
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 -1.34. With this latest performance, PINS shares dropped by -0.69% in over the last four-week period, additionally plugging by 23.43% over the last 6 months – not to mention a rise of 22.69% 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 47.50, with the RSI for the last a single of trading hit 48.83, and the three-weeks RSI is set at 47.19 for Pinterest Inc [PINS]. The present Moving Average for the last 50 days of trading for this stock 35.93, while it was recorded at 34.57 for the last single week of trading, and 31.61 for the last 200 days.
Pinterest Inc [PINS]: A deeper dive into fundamental analysis
Pinterest Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 10.53 and a Current Ratio set at 10.53.
Pinterest Inc [PINS]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Pinterest Inc posted 0.08/share EPS, while the average EPS was predicted by analysts to be reported at 0.01/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 700.00%. 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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Pinterest Inc go to 23.30%.
An analysis of Institutional ownership at Pinterest Inc [PINS]
The top three institutional holders of PINS stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in PINS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in PINS stock with ownership which is approximately 5.8386%.
