Pinterest Inc [NYSE: PINS] loss -3.30% or -1.09 points to close at $31.94 with a heavy trading volume of 11663211 shares.
The daily chart for PINS points out that the company has recorded -3.27% loss over the past six months.
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If we look at the average trading volume of 9.62M shares, PINS reached to a volume of 11663211 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 $42.83 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 1.64. 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.
Oppenheimer have made an estimate for Pinterest Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 24, 2024. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Buy. The new note on the price target was released on September 23, 2024, representing the official price target for Pinterest Inc stock. Previously, the target price had yet another raise to $41, while Cantor Fitzgerald analysts kept a Overweight rating on PINS stock. On July 31, 2024, analysts decreased their price target for PINS shares from 49 to 41.
The Average True Range (ATR) for Pinterest Inc is set at 0.88, with the Price to Sales ratio for PINS stock in the period of the last 12 months amounting to 6.57. The Price to Book ratio for the last quarter was 6.85, with the Price to Cash per share for the same quarter was set at 3.99. Price to Free Cash Flow for PINS in the course of the last twelve months was 27.15 with Quick ratio for the last quarter at 9.50.
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 -5.14. With this latest performance, PINS shares gained by 4.86% in over the last four-week period, additionally sinking by -3.27% over the last 6 months – not to mention a rise of 23.04% 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 44.20, with the RSI for the last a single of trading hit 37.06, and the three-weeks RSI is set at 46.03 for Pinterest Inc [PINS]. The present Moving Average for the last 50 days of trading for this stock 31.58, while it was recorded at 32.89 for the last single week of trading, and 36.32 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 9.50 and a Current Ratio set at 9.50.
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 43.95%.
An analysis of Institutional ownership at Pinterest Inc [PINS]
There are presently around $94.50%, or 95.04%% of PINS stock, in the hands of institutional investors. The top three institutional holders of PINS stocks are: VANGUARD GROUP INC with ownership of 59.14 million shares, which is approximately 8.7124%. AUSTIN PRIVATE WEALTH, LLC, holding 50.0 million shares of the stock with an approximate value of $$220.0 in PINS stocks shares; and AUSTIN PRIVATE WEALTH, LLC, currently with $$2.14 billion in PINS stock with ownership which is approximately 7.1377%.
