The closing price of Pinterest Inc (NYSE: PINS) was $33.50 for the day, down -3.35% from the previous closing price of $34.66. In other words, the price has decreased by -$1.16 from its previous closing price. On the day, 8882596 shares were traded.
Ratios:
Our analysis of PINS’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.05 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 37.60. For the most recent quarter (mrq), Quick Ratio is recorded 10.53 and its Current Ratio is at 10.53. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.05.
On January 09, 2024, BMO Capital Markets started tracking the stock assigning a Outperform rating and target price of $45.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 01 ’24 when JORDAN JEFFREY D sold 20,000 shares for $35.08 per share. The transaction valued at 701,672 led to the insider holds 34,215 shares of the business.
Brau Donnelly Julia sold 30,221 shares of PINS for $1,071,330 on Mar 27 ’24. The Chief Financial Officer now owns 327,358 shares after completing the transaction at $35.45 per share. On Mar 20 ’24, another insider, Rajaram Gokul, who serves as the Director of the company, sold 1,934 shares for $34.10 each. As a result, the insider received 65,949 and left with 33,580 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 23.53B and an Enterprise Value of 21.22B. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.45 while its Price-to-Book (P/B) ratio in mrq is 7.35. Its current Enterprise Value per Revenue stands at 6.95 whereas that against EBITDA is -203.70.
Stock Price History:
Over the past 52 weeks, PINS has reached a high of $41.60, while it has fallen to a 52-week low of $20.60. The 50-Day Moving Average of the stock is 35.82, while the 200-Day Moving Average is calculated to be 31.65.
Shares Statistics:
PINS traded an average of 10.10M shares per day over the past three months and 6.41M shares per day over the past ten days. A total of 591.66M shares are outstanding, with a floating share count of 585.56M. Insiders hold about 13.76% of the company’s shares, while institutions hold 77.56% stake in the company. Shares short for PINS as of Mar 15, 2024 were 24.5M with a Short Ratio of 2.29, compared to 28.96M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.61% and a Short% of Float of 4.14%.
Earnings Estimates
The firm’s stock currently is rated by 20 analysts. On average, analysts expect EPS of $0.13 for the current quarter, with a high estimate of $0.17 and a low estimate of $0.09, while EPS last year was $0.08. The consensus estimate for the next quarter is $0.25, with high estimates of $0.28 and low estimates of $0.22.
Analysts are recommending an EPS of between $1.49 and $1.02 for the fiscal current year, implying an average EPS of $1.35. EPS for the following year is $1.69, with 23 analysts recommending between $1.93 and $1.4.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 28 analysts. It ranges from a high estimate of $707M to a low estimate of $694.5M. As of the current estimate, Pinterest Inc’s year-ago sales were $602.58M, an estimated increase of 16.20% from the year-ago figure. For the next quarter, 28 analysts are estimating revenue of $827.44M, an increase of 16.90% over than the figure of $16.20% in the same quarter last year. There is a high estimate of $854.8M for the next quarter, whereas the lowest estimate is $781.6M.
A total of 35 analysts have provided revenue estimates for PINS’s current fiscal year. The highest revenue estimate was $3.74B, while the lowest revenue estimate was $3.44B, resulting in an average revenue estimate of $3.58B. In the same quarter a year ago, actual revenue was $3.06B, up 17.30% from the average estimate. Based on 33 analysts’ estimates, the company’s revenue will be $4.24B in the next fiscal year. The high estimate is $5.28B and the low estimate is $3.87B. The average revenue growth estimate for next year is up 18.40% from the average revenue estimate for this year.
