This trade activity should not be overlooked: Pinterest Inc. (PINS)

Pinterest Inc. (NYSE: PINS) stock fell -2.34% on Thursday to $23.74 against a previous-day closing price of $24.31. With 10.38 million shares changed hands, the volume of the stock remained lighter than its average volume of 11.87 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $24.52 whereas the lowest price it dropped to was $23.53. The 52-week range on PINS shows that it touched its highest point at $29.27 and its lowest point at $16.77 during that stretch. It currently has a 1-year price target of $28.59. Beta for the stock currently stands at 0.99.

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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 up-trending over the past week, with a rise of 5.70%, but this was down by -10.79% over a month. Three-month performance dropped to -5.15% while six-month performance fell -3.10%. The stock gained 37.62% in the past year, while it has lost -2.22% so far this year. A look at the trailing 12-month EPS for PINS yields -0.44 with Next year EPS estimates of 1.01. For the next quarter, that number is 0.11. This implies an EPS growth rate of -128.10% for this year and 27.88% for next year. EPS is expected to grow by 23.48% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 10.10%.

Float and Shares Shorts:

At present, 681.14 million PINS shares are outstanding with a float of 582.72 million shares on hand for trading. On Apr 27, 2023, short shares totaled 24.25 million, which was 3.55% higher than short shares on Mar 30, 2023. In addition to Mr. Benjamin Silbermann as the firm’s Co-Founder & Exec. Chairman, Mr. William J. Ready serves as its CEO & Director.

Institutional Ownership:

Through their ownership of 95.51% of PINS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 45.50% of PINS, in contrast to 43.65% held by mutual funds. Shares owned by individuals account for 3.54%. As the largest shareholder in PINS with 9.11% of the stake, The Vanguard Group, Inc. holds 54,186,517 shares worth 54,186,517. A second-largest stockholder of PINS, Elliott Investment Management LP, holds 27,912,525 shares, controlling over 4.70% of the firm’s shares. T. Rowe Price Associates, Inc. is the third largest shareholder in PINS, holding 25,743,947 shares or 4.33% stake. With a 3.11% stake in PINS, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 18,467,345 shares are owned by the mutual fund manager. The Flossbach von Storch – Multiple O, which owns about 2.86% of PINS stock, is the second-largest Mutual Fund holder. It holds 17,000,000 shares valued at 391.0 million. Vanguard Mid Cap Index Fund holds 2.34% of the stake in PINS, owning 13,879,703 shares worth 319.23 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, PINS reported revenue of $665.93M and operating income of -$34.51M. The EBITDA in the recently reported quarter was -$22.00M and diluted EPS was -$0.07.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PINS since 0 analysts follow the stock currently. 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 $19.00, the average target price over the next 12 months is $28.33. Based on these targets, PINS could surge 64.28% to reach the target high and fall by -19.97% to reach the target low. Reaching the average price target will result in a growth of 19.33% 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.

Summary of Insider Activity:

Insiders traded PINS stock several times over the past three months with 2 Buys and 11 Sells. In these transactions, 58,366 shares were bought while 287,485 shares were sold. The number of buy transactions has increased to 58 while that of sell transactions has risen to 95 over the past year. The total number of shares bought during that period was 9,386,000 while 8,197,972 shares were sold.

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