While Pinterest Inc has underperformed by -2.03%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PINS fell by -8.70%, with highs and lows ranging from $45.19 to $27.00, whereas the simple moving average fell by -18.04% in the last 200 days.
On November 11, 2024, Wedbush Upgraded Pinterest Inc (NYSE: PINS) to Outperform. A report published by Oppenheimer on September 24, 2024, Initiated its previous ‘Outperform’ rating for PINS. Deutsche Bank also rated PINS shares as ‘Buy’, setting a target price of $43 on the company’s shares in an initiating report dated September 23, 2024. Cantor Fitzgerald Initiated an Overweight rating on September 05, 2024, and assigned a price target of $41. Wells Fargo resumed its ‘Overweight’ rating for PINS, as published in its report on July 31, 2024. Piper Sandler’s report from July 31, 2024 suggests a price prediction of $45 for PINS shares, giving the stock a ‘Overweight’ rating. KeyBanc Capital Markets also rated the stock as ‘Overweight’.
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Analysis of Pinterest Inc (PINS)
Further, the quarter-over-quarter increase in sales is 17.71%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Pinterest Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 7.57% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 7.90, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and PINS is recording an average volume of 8.77M. On a monthly basis, the volatility of the stock is set at 2.92%, whereas on a weekly basis, it is put at 4.48%, with a loss of -13.44% over the past seven days. Furthermore, long-term investors anticipate a median target price of $40.20, showing growth from the present price of $29.37, which can serve as yet another indication of whether PINS is worth investing in or should be passed over.
How Do You Analyze Pinterest Inc Shares?
Pinterest Inc (PINS) is based in the USA and is one of the most prominent companies operating in the Internet Content & Information market. When comparing Pinterest Inc shares with other companies under Communication Services, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 94.93, there is a growth in quarterly earnings of 347.96%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 13.41%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 79.54% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PINS shares are owned by institutional investors to the tune of 79.54% at present.
