In today’s recent session, 3.76 million shares of the Pinterest Inc. (NYSE:PINS) were traded. Most recently the company’s share price was $56.68, and it changed around -$0.54 or -0.94% from the last close, which brings the market valuation of the company to $36.90B. PINS at last check was trading at a discount to its 52-week high of $89.90, offering almost -58.61% off that amount. The share price’s 52-week low was $32.49, which indicates that the recent value has risen by an impressive 42.68% since then. We note from Pinterest Inc.’s average daily trading volume that its 10-day average is 7.4 million shares, with the 3-month average coming to 10.89 million.
Pinterest Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.30. If we narrow it down even further, the data shows that 1 out of 27 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 12 recommended PINS as a Hold, whereas 11 deemed it a Buy, and 0 rated it as Underweight. Pinterest Inc. is expected to report earnings per share of $0.13 for the current quarter.
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Pinterest Inc. (NYSE:PINS) trade information
Instantly PINS has been showing red trend so far today with a performance of -0.94% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 57.78 on Friday, 08/27/21 increased the stock’s daily price by 1.9%. The company’s shares are currently down -13.17% year-to-date, but still up 6.24% over the last five days. On the other hand, Pinterest Inc. (NYSE:PINS) is -20.57% up in the 30-day period. We can see from the shorts that 21.31 million shares have been sold at a short interest cover period of 1.4 day(s).
The consensus price target as assigned by Wall Street analysts is $71.43, which translates to bulls needing to increase their stock price by 20.65% from its current value. Analyst projections state that PINS is forecast to be at a low of $40.00 and a high of $100.00. In order for the stock price to hit the forecast high, the stock would need to plunge -76.43% from its current level, while the stock would need to crash 29.43% from its current level to reach the projected low.
Pinterest Inc. (PINS) estimates and forecasts
Pinterest Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -31.33 percent over the past six months and at a 159.52% annual growth rate that is well above the industry average of 0.20%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain 285.70% in revenue this quarter, and will report an increase of 76.90% in the next quarter. The year-over-year growth rate is expected to be 54.50%, up from the previous year.
Consensus estimates provided by 22 financial analysts predict the company will bring in an average of $613.21 million in revenue for the current quarter. 22 analysts expect Pinterest Inc. to make $631.37 million in revenue for the quarter ending Sep 2021. Forecasts for the next quarter put sales growth at 42.60%.
Pinterest Inc. earnings are expected to increase by 93.40% in 2021, but the outlook is positive 49.30% per year for the next five years.
Pinterest Inc.’s next quarterly earnings report is expected to be released around October 26 and November 01.
Pinterest Inc. (NYSE:PINS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.64% of Pinterest Inc. shares, and 74.77% of them are in the hands of institutional investors. The stock currently has a share float of 75.25%. Pinterest Inc. stock is held by 1,122 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Mar 30, 2021, it held 7.10% of the shares, which is about 38.85 million shares worth $2.88 billion.
Blackrock Inc., with 5.61% or 30.71 million shares worth $2.27 billion as of Mar 30, 2021, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Mar 30, 2021. The former held 15.01 million shares worth $1.11 billion, making up 2.74% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 7.54 million shares worth around $557.88 million, which represents about 1.38% of the total shares outstanding.
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