While Pinterest Inc has underperformed by -3.72%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PINS fell by -8.82%, with highs and lows ranging from $45.19 to $27.00, whereas the simple moving average fell by -9.76% in the last 200 days.
On December 10, 2024, Piper Sandler Downgraded Pinterest Inc (NYSE: PINS) to Neutral. A report published by TD Cowen on November 26, 2024, Initiated its previous ‘Buy’ rating for PINS. Wedbush also Upgraded PINS shares as ‘Outperform’, setting a target price of $38 on the company’s shares in a report dated November 11, 2024. Oppenheimer Initiated an Outperform rating on September 24, 2024, and assigned a price target of $45. Deutsche Bank initiated its ‘Buy’ rating for PINS, as published in its report on September 23, 2024. Cantor Fitzgerald’s report from September 05, 2024 suggests a price prediction of $41 for PINS shares, giving the stock a ‘Overweight’ rating. Wells Fargo 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.
One of the most important indicators of Pinterest Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. 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.
For any stock, average volume can also provide valuable insight into volatility, and PINS is recording 9.42M average volume. On a monthly basis, the volatility of the stock is set at 3.50%, whereas on a weekly basis, it is put at 3.66%, with a gain of 1.56% over the past seven days. Furthermore, long-term investors anticipate a median target price of $39.89, showing growth from the present price of $31.83, 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?
The Internet Content & Information market is dominated by Pinterest Inc (PINS) based in the USA. 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 102.88, there is a growth in quarterly earnings of 347.96%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 13.63%. 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 77.52% 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 77.52% at present.
