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Pinterest Inc (NYSE: PINS) closed the day trading at $31.27 down -0.82% from the previous closing price of $31.53. In other words, the price has decreased by -$0.82 from its previous closing price. On the day, 4.14 million shares were traded. PINS stock price reached its highest trading level at $31.58 during the session, while it also had its lowest trading level at $31.03.
Ratios:
For a better understanding of PINS, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.58. 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, Wells Fargo on July 31, 2024, Reiterated its Overweight rating but revised its target price to $41 from $49 previously.
On July 31, 2024, Piper Sandler reiterated its Overweight rating and also upped its target price recommendation from $52 to $45.
KeyBanc Capital Markets reiterated its Overweight rating for the stock on July 31, 2024, while the target price for the stock was revised from $45 to $43.
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 Acosta Andrea bought 3,845 shares for $31.57 per share.
Ellis Sabrina bought 22,337 shares of PINS for $697,938 on Aug 27 ’24. On Aug 27 ’24, another insider, Walcott Wanjiku Juanita, who serves as the Officer of the company, bought 11,767 shares for $31.57 each.
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 21635743744 and an Enterprise Value of 18873903104. As of this moment, Pinterest’s Price-to-Earnings (P/E) ratio for their current fiscal year is 113.63, and their Forward P/E ratio for the next fiscal year is 17.61. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.43 while its Price-to-Book (P/B) ratio in mrq is 6.71. Its current Enterprise Value per Revenue stands at 5.654 whereas that against EBITDA is 71.96.
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 -16.29%, while the 200-Day Moving Average is calculated to be -15.22%.
Shares Statistics:
Over the past 3-months, PINS traded about 9.65M shares per day on average, while over the past 10 days, PINS traded about 8910250 shares per day. A total of 686.20M shares are outstanding, with a floating share count of 593.99M. Insiders hold about 13.44% of the company’s shares, while institutions hold 82.67% stake in the company. Shares short for PINS as of 1723680000 were 18011763 with a Short Ratio of 1.87, compared to 1721001600 on 28562839. Therefore, it implies a Short% of Shares Outstanding of 18011763 and a Short% of Float of 3.0.
Earnings Estimates
Its stock is currently analyzed by 21.0 different market analysts. The consensus estimate for the next quarter is $0.61, with high estimates of $0.68 and low estimates of $0.49.
Analysts are recommending an EPS of between $1.55 and $1.31 for the fiscal current year, implying an average EPS of $1.46. EPS for the following year is $1.78, with 24.0 analysts recommending between $2.0 and $1.52.
Revenue Estimates
27 analysts predict $895.8M in revenue for the current quarter. It ranges from a high estimate of $901M to a low estimate of $887.7M. As of the current estimate, Pinterest Inc’s year-ago sales were $743.5MFor the next quarter, 27 analysts are estimating revenue of $1.14B. There is a high estimate of $1.16B for the next quarter, whereas the lowest estimate is $1.04B.
A total of 33 analysts have provided revenue estimates for PINS’s current fiscal year. The highest revenue estimate was $3.69B, while the lowest revenue estimate was $3.52B, resulting in an average revenue estimate of $3.63B. In the same quarter a year ago, actual revenue was $3.06BBased on 32 analysts’ estimates, the company’s revenue will be $4.25B in the next fiscal year. The high estimate is $4.97B and the low estimate is $4B.
