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After finishing at $29.41 in the prior trading day, Pinterest Inc (NYSE: PINS) closed at $29.12, down -0.99%. In other words, the price has decreased by -$0.99 from its previous closing price. On the day, 4.67 million shares were traded. PINS stock price reached its highest trading level at $29.62 during the session, while it also had its lowest trading level at $28.9.
Ratios:
Our goal is to gain a better understanding of PINS by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.75. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 19982026752 and an Enterprise Value of 17398583296. As of this moment, Pinterest’s Price-to-Earnings (P/E) ratio for their current fiscal year is 105.81, and their Forward P/E ratio for the next fiscal year is 16.42. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.88. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.99 while its Price-to-Book (P/B) ratio in mrq is 6.25. Its current Enterprise Value per Revenue stands at 5.212 whereas that against EBITDA is 66.335.
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 -17.35%, while the 200-Day Moving Average is calculated to be -20.98%.
Shares Statistics:
The stock has traded on average 9.48M shares per day over the past 3-months and 6187040 shares per day over the last 10 days, according to various share statistics. A total of 686.20M shares are outstanding, with a floating share count of 594.03M. Insiders hold about 13.43% of the company’s shares, while institutions hold 82.61% stake in the company. Shares short for PINS as of 1723680000 were 18011763 with a Short Ratio of 1.90, compared to 1721001600 on 28562839. Therefore, it implies a Short% of Shares Outstanding of 18011763 and a Short% of Float of 3.0.
