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The price of Pinterest Inc (NYSE: PINS) closed at $29.31 in the last session, up 0.31% from day before closing price of $29.22. In other words, the price has increased by $0.31 from its previous closing price. On the day, 8.06 million shares were traded. PINS stock price reached its highest trading level at $29.7299 during the session, while it also had its lowest trading level at $29.26.
Ratios:
We take a closer look at PINS’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.92. For the most recent quarter (mrq), Quick Ratio is recorded 9.50 and its Current Ratio is at 9.50. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.05.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Cantor Fitzgerald on September 05, 2024, initiated with a Overweight rating and assigned the stock a target price of $41.
On July 31, 2024, Wells Fargo reiterated its Overweight rating and also upped its target price recommendation from $49 to $41.
Piper Sandler reiterated its Overweight rating for the stock on July 31, 2024, while the target price for the stock was revised from $52 to $45.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 27 ’24 when Ellis Sabrina sold 22,337 shares for $31.24 per share. The transaction valued at 697,808 led to the insider holds 474,533 shares of the business.
Walcott Wanjiku Juanita sold 11,767 shares of PINS for $371,484 on Aug 27 ’24. The Chief Legal & Bus Affairs Ofc. now owns 277,041 shares after completing the transaction at $31.57 per share. On Aug 27 ’24, another insider, Acosta Andrea, who serves as the Chief Accounting Officer of the company, sold 3,845 shares for $31.57 each. As a result, the insider received 121,387 and left with 172,687 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PINS now has a Market Capitalization of 20112402432 and an Enterprise Value of 17528958976. As of this moment, Pinterest’s Price-to-Earnings (P/E) ratio for their current fiscal year is 106.50, and their Forward P/E ratio for the next fiscal year is 16.49. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.90. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.03 while its Price-to-Book (P/B) ratio in mrq is 6.29. Its current Enterprise Value per Revenue stands at 5.251 whereas that against EBITDA is 66.832.
Stock Price History:
Over the past 52 weeks, PINS has reached a high of $45.19, while it has fallen to a 52-week low of $23.59. The 50-Day Moving Average of the stock is -15.43%, while the 200-Day Moving Average is calculated to be -20.41%.
Shares Statistics:
According to the various share statistics, PINS traded on average about 9.53M shares per day over the past 3-months and 7252990 shares per day over the past 10 days. A total of 686.20M shares are outstanding, with a floating share count of 594.09M. Insiders hold about 13.42% of the company’s shares, while institutions hold 82.64% stake in the company. Shares short for PINS as of 1724976000 were 18106458 with a Short Ratio of 1.90, compared to 1722384000 on 28133416. Therefore, it implies a Short% of Shares Outstanding of 18106458 and a Short% of Float of 3.01.
