It makes sense and dollars to buy Pinterest Inc. (PINS) stock

Pinterest Inc. (NYSE: PINS) stock jumped 2.94% on Tuesday to $24.50 against a previous-day closing price of $23.80. With 9.6 million shares changed hands, the volume of the stock remained lighter than its average volume of 14.7 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $24.51 whereas the lowest price it dropped to was $23.38. The 52-week range on PINS shows that it touched its highest point at $44.66 and its lowest point at $16.14 during that stretch. It currently has a 1-year price target of $27.49. Beta for the stock currently stands at 0.99.

China Can't Stop US$0.25 Stock from Mining Ultra-Rare Metal

Here's one little-known company — trading undiscovered below 25-cents per share — that's advancing one of the largest and highest quality REE deposits in all of North America... and the Chinese can't do a damn thing about it! It's early stage... and that's excellent news for individual investors like you who have the foresight to act decisively on an emerging megatrend that's already being measured in the Tens of $Billions.

Simply click here and the name & trading symbol are yours.


Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PINS was down-trending over the past week, with a drop of -6.81%, but this was up by 11.46% over a month. Three-month performance surged to 16.44% while six-month performance rose 42.03%. The stock lost -43.12% in the past year, while it has lost -32.60% so far this year. A look at the trailing 12-month EPS for PINS yields 0.14 with Next year EPS estimates of 0.77. For the next quarter, that number is 0.27. This implies an EPS growth rate of 338.50% for this year and 27.65% for next year. EPS is expected to decline by -2.70% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 28.40%.

Float and Shares Shorts:

At present, 669.17 million PINS shares are outstanding with a float of 582.72 million shares on hand for trading. On Oct 13, 2022, short shares totaled 26.39 million, which was 3.92% higher than short shares on Sep 14, 2022. In addition to Mr. Benjamin Silbermann as the firm’s Co-Founder & Exec. Chairman, Mr. Evan Sharp serves as its Co-Founder, Advisor & Director.

Institutional Ownership:

Through their ownership of 86.45% of PINS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 47.33% of PINS, in contrast to 39.63% held by mutual funds. Shares owned by individuals account for 3.29%. As the largest shareholder in PINS with 8.87% of the stake, The Vanguard Group, Inc. holds 51,726,646 shares worth 51,726,646. A second-largest stockholder of PINS, Flossbach von Storch AG, holds 28,868,654 shares, controlling over 4.95% of the firm’s shares. Harris Associates LP is the third largest shareholder in PINS, holding 28,462,345 shares or 4.88% stake. With a 3.10% stake in PINS, the Flossbach von Storch – Multiple O is the largest stakeholder. A total of 18,091,467 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 3.00% of PINS stock, is the second-largest Mutual Fund holder. It holds 17,507,604 shares valued at 430.69 million. Oakmark Fund holds 2.36% of the stake in PINS, owning 13,750,000 shares worth 338.25 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PINS since 33 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 20 believe that the stock is worth HOLDING, 3 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PINS analysts setting a high price target of $39.00 and a low target of $18.00, the average target price over the next 12 months is $27.33. Based on these targets, PINS could surge 59.18% to reach the target high and fall by -26.53% to reach the target low. Reaching the average price target will result in a growth of 11.55% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. PINS will report FY 2022 earnings on 02/02/2023. Analysts have provided yearly estimates in a range of $0.80 being high and $0.44 being low. For PINS, this leads to a yearly average estimate of $0.60. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Pinterest Inc. surprised analysts by $0.05 when it reported $0.11 EPS against a consensus estimate of $0.06. The surprise factor in the prior quarter was -$0.07. Based on analyst estimates, the high estimate for the next quarter is $0.35 and the low estimate is $0.20. The average estimate for the next quarter is thus $0.28.

Summary of Insider Activity:

Insiders traded PINS stock several times over the past three months with 4 Buys and 10 Sells. In these transactions, 1,055,477 shares were bought while 163,060 shares were sold. The number of buy transactions has increased to 38 while that of sell transactions has risen to 61 over the past year. The total number of shares bought during that period was 5,295,145 while 3,975,333 shares were sold.

Leave a Comment

Your email address will not be published. Required fields are marked *




The 5 Best Inflation Stocks for 2022

100% free. stop anytime no spam

Get our free report on the stocks that we recommend for investors who want to protect their portfolios from inflation.

Receive Best Stock To Trade Before The Opening Bell



100% Free. Stop Anytime. No Spam