With 6.27 million shares changed hands, the volume of the stock remained lighter than its average volume of 9.04 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $31.1657 whereas the lowest price it dropped to was $30.165. The 52-week range on PINS shows that it touched its highest point at $45.19 and its lowest point at $27.00 during that stretch. It currently has a 1-year price target of $40.13. Beta for the stock currently stands at 1.03.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PINS was up-trending over the past week, with a rise of 3.73%, but this was down by -6.51% over a month. Three-month performance dropped to -2.82% while six-month performance fell -26.73%. The stock lost -5.98% in the past year, while it has lost -18.14% so far this year. A look at the trailing 12-month EPS for PINS yields 0.31 with Next year EPS estimates of 1.84. For the next quarter, that number is 0.64. This implies an EPS growth rate of 39.29% for this year and 21.28% for next year. EPS is expected to grow by 43.85% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 14.64%.
Float and Shares Shorts:
At present, 591.66 million PINS shares are outstanding with a float of 583.68 million shares on hand for trading. On 2024-11-15, short shares totaled 17.99 million, which was 266.00001 higher than short shares on 1728950400. In addition to Mr. Benjamin Silbermann as the firm’s Co-Founder & Non-Executive Chairman, Mr. William J. Ready serves as its CEO & Director.
Institutional Ownership:
Through their ownership of 0.90169 of PINS’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, PINS reported revenue of $898373000.0 and operating income of -$5916000.0. The EBITDA in the recently reported quarter was -$495000.0 and diluted EPS was $0.04.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PINS since 28 analysts follow the stock currently. There are 19 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 9 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PINS analysts setting a high price target of 51.0 and a low target of 31.0, the average target price over the next 12 months is 40.01429. Based on these targets, PINS could surge 68.21% to reach the target high and rise by 2.24% to reach the target low. Reaching the average price target will result in a growth of 31.97% from current levels.
Analysts have provided yearly estimates in a range of $1.58915 being high and $1.4272 being low. For PINS, this leads to a yearly average estimate of $1.5183. The surprise factor in the prior quarter was $0.28. Based on analyst estimates, the high estimate for the next quarter is $0.27 and the low estimate is $0.2. The average estimate for the next quarter is thus $0.24.
