In the last trading session, 13.83 million Pinterest Inc. (NYSE:PINS) shares changed hands as the company’s beta touched 0. With the company’s per share price at $18.06 changed hands at -$0.05 or -0.28% during last session, the market valuation stood at $13.86B. PINS’s last price was a discount, traded about -331.45% off its 52-week high of $77.92. The share price had its 52-week low at $16.14, which suggests the last value was 10.63% up since then. When we look at Pinterest Inc.’s average trading volume, we note the 10-day average is 18.21 million shares, with the 3-month average coming to 16.86 million.
Analysts gave the Pinterest Inc. (PINS) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 2.60. If we narrow down to specifics, the data shows that 1 out of 32 analysts rate the stock as a Sell, with a further 3 assigning it an Overweight rating. Of the remaining, 23 recommended PINS as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Pinterest Inc.’s EPS for the current quarter is expected to be $0.19.
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Instantly PINS was in red as seen at the end of in last trading. With action -10.81%, the performance over the past five days has been red. The drop to weekly highs of 21.67 on Monday, 07/25/22 subtracted -0.28% to the stock’s daily price. The company’s shares are showing year-to-date downside of -50.32%, with the 5-day performance at -10.81% in the red. However, in the 30-day time frame, Pinterest Inc. (NYSE:PINS) is -9.25% down. Looking at the short shares, we see there were 39.89 million shares sold at short interest cover period of 3.06 days.
The consensus price target for the stock as assigned by Wall Street analysts is $24.12, meaning bulls need an upside of 25.12% from its current market value. According to analyst projections, PINS’s forecast low is $15.00 with $37.00 as the target high. To hit the forecast high, the stock’s price needs a -104.87% plunge from its current level, while the stock would need to tank 16.94% for it to hit the projected low.
Pinterest Inc. (PINS) estimates and forecasts
Data shows that the Pinterest Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -38.68% over the past 6 months, a -30.09% in annual growth rate that is considerably lower than the industry average of 3.30%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2022 revenue estimates. The rating firms predict current quarter revenue for Pinterest Inc. will fall -24.00%, while the growth in revenue is estimated to hit -28.60% for the next quarter. Year-over-year growth is forecast to reach 18.60% up from the last financial year.
Consensus estimates given by 26 financial analysts project the company’s revenue in the current quarter to hit an average of $686.23 million. 26 analysts are of the opinion that Pinterest Inc.’s revenue for the quarter ending Sep 2022 will be $751.79 million. The company’s revenue for the corresponding quarters a year ago was $613.21 million. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 11.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 28.40%. The 2022 estimates are for Pinterest Inc. earnings to increase by 338.50%, but the outlook for the next 5-year period is at 1.40% per year.
Pinterest Inc. is expected to release its next quarterly earnings report between April 25 and April 29.
Pinterest Inc. (NYSE:PINS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.54% of Pinterest Inc. shares while 74.58% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 74.98%. There are 74.58% institutions holding the Pinterest Inc. stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Dec 30, 2021, the company held 8.56% of the shares, roughly 49.17 million PINS shares worth $1.79 billion.
Price (T.Rowe) Associates Inc holds the second largest percentage of outstanding shares, with 5.63% or 32.36 million shares worth $1.18 billion as of Dec 30, 2021.
Among Mutual Funds, the top two as of Dec 30, 2021 were Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. With 15.99 million shares estimated at $581.31 million under it, the former controlled 2.78% of total outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held about 2.18% of the shares, roughly 12.51 million shares worth around $454.59 million.