In the latest session, Pinterest Inc (NYSE: PINS) closed at $34.62 down -3.00% from its previous closing price of $35.69. In other words, the price has decreased by -$1.07 from its previous closing price. On the day, 14619749 shares were traded.
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Ratios:
For a deeper understanding of Pinterest Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.86. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 01 ’24 when JORDAN JEFFREY D sold 20,000 shares for $36.65 per share. The transaction valued at 733,000 led to the insider holds 54,215 shares of the business.
Ellis Sabrina sold 24,410 shares of PINS for $866,396 on Feb 27 ’24. The Chief Product Officer now owns 500,504 shares after completing the transaction at $35.49 per share. On Feb 27 ’24, another insider, Walcott Wanjiku Juanita, who serves as the Chief Legal & Bus Affairs Ofc. of the company, sold 11,452 shares for $35.50 each. As a result, the insider received 406,527 and left with 185,795 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 24.23B and an Enterprise Value of 21.92B. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.69 while its Price-to-Book (P/B) ratio in mrq is 7.59. Its current Enterprise Value per Revenue stands at 7.17 whereas that against EBITDA is -210.41.
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 37.07, while the 200-Day Moving Average is calculated to be 30.36.
Shares Statistics:
For the past three months, PINS has traded an average of 10.05M shares per day and 7.87M over the past ten days. A total of 591.66M shares are outstanding, with a floating share count of 585.66M. Insiders hold about 13.74% of the company’s shares, while institutions hold 77.73% stake in the company. Shares short for PINS as of Feb 15, 2024 were 28.96M with a Short Ratio of 2.88, compared to 40.7M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.27% and a Short% of Float of 4.89%.
Earnings Estimates
There are 20 different market analysts currently analyzing its stock. 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 $0.29 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
A total of 28 analysts believe the company’s revenue will be $700M this quarter.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 $827.47M, 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 33 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 $3.59B. In the same quarter a year ago, actual revenue was $3.06B, up 17.40% from the average estimate. Based on 31 analysts’ estimates, the company’s revenue will be $4.25B 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.
