![]() ![]() ![]() Sciarra, and Evan Sharp in October 2008 and is headquartered in San Francisco, CA. The company was founded by Benjamin Silbermann, Paul C. It allows users to create and manage theme-based image collections such as events, interests, and hobbies. Other fees such as trading (non-commission) fees. engages in the operation of a pinboard-style photo-sharing website. View the real-time PINS price chart on Robinhood and decide if you want to buy or sell commission-free. For more information check our how to buy Pinterest, Inc. stock price prediction is currently bullish. is trading on New York Stock Exchange with the sign PINS. stock price is closed at $ 26.15 with a total market cap valuation of $ 17.88B ( 44M shares outstanding). If the rally continues, subsequent earnings could turn out to be positive, and if the price stabilizes here for a noticeable period, a bullish momentum can be seen.The Pinterest, Inc. Previous breakout attempts formed a point of crucial breakout at $28.89. The recent parabolic rally caused the price action to break the range. NYSE: PINS has been consolidating in a range since August 2022. The net income tumbled by 3,849.61 to minus $208.58 million, the net profit margin also fell by 3,661.96% to negative 34.61, and the profit margin is down by 10.58%. Operating expenses rose by 56.16% to $675.34 million, and the (ttm) operating margin fell by 10.93%. The subsequent payments will be reported on August 1, 2023, where the earnings shall be $0.119 per share and revenue should be $696.393 million. At the same time, the reported earnings were $0.08 per share, which dropped by 20.00% from the previous quarter and exceeded the estimated value of $0.05 by 157.15%.ĭespite these positive earnings, the share price fell by 23.96% for a few sessions before climbing back up. It gained 4.82% from the previous quarter and surpassed the estimated $594.155 million by 1.42%. Pinterest reported its last earnings on April 27, 2023, where the reported revenue was at $602.581 million. Analysts placed a 2.50 rating for moderate buy and estimated a price target at $29.75 with a 0.2% downside. The trailing twelve months (ttm) earnings per share (EPS) is reported to be $0.44, indicating a weakness. With an average volume of 11.66 million shares, the market cap is $20.403 billion. ![]() The 52-week range is from $16.77 to $30.86, indicating that the price could break the high soon. Its previous close and open were at $30.31 and $30.44, respectively. (NYSE: PINS) – Technical AnalysisĪt press time, PINS Stock is trading at $29.87 with a fall of 1.55%. (NYSE: SNAP) fell 1.94% to $13.11, and Meta Platforms Inc. When examining Pinterest’s competitors, it is observed that Snap Inc. Lastly, analysts view the stock’s current value as about 27 times the expected 2024 EBITDA and 21 times the expected 2025 EBITDA. Third, Pinterest witnessed material revenue growth and the possibility for margin expansion. Second, the new CEO, Bill Ready, made some alterations which are bearing fruits and considerably improved its operations. First, improvement in digital ad spending has stabilized the company after the rough patches of 2022. (PINS Stock) – Financial AnalysisĪnalysts interpret the company’s recent growth in terms of four aspects. Furthermore, some upgrades in the company is working on have caused the price action to swell noticeably. This can be attributed to its improving advertising environment. Additionally, Evercore ISI turned bullish for the social media company. (NYSE: PINS) will release its Q2 2023 earnings report on August 1 at 4:30 p.m. 2 Pinterest Inc., in a press conference, announced the date and time for its Q2 2023 earnings report.1 PINS Stock rallied 19.79% in a week, 18.27% YTD, and 46.13% in a year. ![]()
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