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As of close of business last night, Pinterest Inc’s stock clocked out at $32.77, down -1.32% from its previous closing price of $33.21. In other words, the price has decreased by -$1.32 from its previous closing price. On the day, 7.27 million shares were traded. PINS stock price reached its highest trading level at $32.92 during the session, while it also had its lowest trading level at $32.41.
Ratios:
To gain a deeper understanding of PINS’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.86. 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, Oppenheimer on September 24, 2024, initiated with a Outperform rating and assigned the stock a target price of $45.
On September 23, 2024, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $43.
On September 05, 2024, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $41.Cantor Fitzgerald initiated its Overweight rating on September 05, 2024, with a $41 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 27 ’24 when Brau Donnelly Julia sold 30,280 shares for $32.72 per share. The transaction valued at 990,868 led to the insider holds 297,351 shares of the business.
Brau Donnelly Julia bought 30,280 shares of PINS for $990,868 on Sep 27 ’24. On Sep 18 ’24, another insider, Rajaram Gokul, who serves as the Director of the company, sold 1,150 shares for $29.40 each. As a result, the insider received 33,810 and left with 34,836 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 22486642688 and an Enterprise Value of 19903197184. As of this moment, Pinterest’s Price-to-Earnings (P/E) ratio for their current fiscal year is 119.08, and their Forward P/E ratio for the next fiscal year is 18.43. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.37. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.74 while its Price-to-Book (P/B) ratio in mrq is 7.03. Its current Enterprise Value per Revenue stands at 5.962 whereas that against EBITDA is 75.884.
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 4.46%, while the 200-Day Moving Average is calculated to be -10.41%.
Shares Statistics:
It appears that PINS traded 9.86M shares on average per day over the past three months and 8086030 shares per day over the past ten days. A total of 686.20M shares are outstanding, with a floating share count of 594.16M. Insiders hold about 13.41% of the company’s shares, while institutions hold 80.73% stake in the company. Shares short for PINS as of 1726185600 were 18854271 with a Short Ratio of 1.91, compared to 1723680000 on 18011763. Therefore, it implies a Short% of Shares Outstanding of 18854271 and a Short% of Float of 3.1400003.
