Holdings of Pinterest Inc (PINS) are aligned with the stars

With 5.58 million shares changed hands, the volume of the stock remained lighter than its average volume of 8.68 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $43.75 whereas the lowest price it dropped to was $42.6. The 52-week range on PINS shows that it touched its highest point at $45.19 and its lowest point at $23.59 during that stretch. It currently has a 1-year price target of $46.36. Beta for the stock currently stands at 0.96.

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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 down-trending over the past week, with a drop of -1.20%, but this was down by -3.11% over a month. Three-month performance surged to 23.31% while six-month performance rose 14.34%. The stock gained 55.36% in the past year, while it has gained 15.39% so far this year. A look at the trailing 12-month EPS for PINS yields 0.21 with Next year EPS estimates of 1.78. For the next quarter, that number is 0.28. This implies an EPS growth rate of 33.62% for this year and 22.37% for next year. EPS is expected to grow by 23.30% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 14.64%.

Float and Shares Shorts:

At present, 591.66 million PINS shares are outstanding with a float of 589.80 million shares on hand for trading. On 2024-06-14, short shares totaled 29.55 million, which was 432.0 higher than short shares on 1715731200. In addition to Mr. Benjamin Silbermann as the firm’s Non-Executive Chairman, Mr. William J. Ready serves as its CEO & Director.

Institutional Ownership:

Through their ownership of 0.92184997 of PINS’s outstanding shares, institutional investors have minority control over the company.

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 2024-03-31, PINS reported revenue of $739983000.0 and operating income of -$54416000.0. The EBITDA in the recently reported quarter was -$49555000.0 and diluted EPS was -$0.04.

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.