NASDAQ:PDD

Pinduoduo - PDD Stock Forecast, Price & News

$60.05

-3.41 (-5.37%)

(As of 09/23/2022 12:00 AM ET)

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Today's Range: $59.52
▼
$61.92
50-Day Range: $45.76
▼
$72.19
52-Week Range: $23.21
▼
$104.30

Volume: 11.03 million shs
Average Volume: 15.85 million shs
Market Capitalization: $74.38 billion

P/E Ratio: 28.19
Dividend Yield: N/A
Price Target: $76.73

Pinduoduo MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.73 Rating Score
Upside/Downside: 27.8% Upside
$76.73 Price Target
Short Interest: Healthy
1.33% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.41
Upright™ Environmental Score
News Sentiment: 0.55
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 20.73%
From $2.46 to $2.97 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.82 out of 5 stars

Retail/Wholesale Sector

43rd out of 209 stocks

Business Services, Not Elsewhere Classified Industry

16th out of 100 stocks

4.4

Analyst's Opinion

Consensus Rating
Pinduoduo has received a consensus rating of Buy. The company's average rating score is 2.73, and is based on 8 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $76.73, Pinduoduo has a forecasted upside of 27.8% from its current price of $60.05.
Amount of Analyst Coverage
Pinduoduo has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.33% of the float of Pinduoduo has been sold short.
Short Interest Ratio / Days to Cover
Pinduoduo has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Pinduoduo has recently increased by 2.61%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Pinduoduo does not currently pay a dividend.
Dividend Growth
Pinduoduo does not have a long track record of dividend growth.

2.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Pinduoduo has received a 6.19% net impact score from Upright. Pinduoduo seems to create the most significant positive value in categories "Taxes", "Meaning & joy", and "Jobs". The positive contribution in the "Meaning & joy" impact category is mostly driven by its "E-commerce video software", "E-commerce search software", and "E-commerce platform software" products. See details.
Environmental Sustainability
The Environmental Impact score for Pinduoduo is -1.41.

3.6

News and Social Media Coverage

News Sentiment
Pinduoduo has a news sentiment score of 0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.33 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Pinduoduo this week, compared to 7 articles on an average week.
Search Interest
48 people have searched for PDD on MarketBeat in the last 30 days. This is an increase of 85% compared to the previous 30 days.
MarketBeat Follows
21 people have added Pinduoduo to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Pinduoduo insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.70% of the stock of Pinduoduo is held by insiders.
Percentage Held by Institutions
Only 22.70% of the stock of Pinduoduo is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Pinduoduo are expected to grow by 20.73% in the coming year, from $2.46 to $2.97 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Pinduoduo is 28.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.16.
Price to Earnings Ratio vs. Sector
The P/E ratio of Pinduoduo is 28.19, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 33.70.
Price to Book Value per Share Ratio
Pinduoduo has a P/B Ratio of 6.31. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Pinduoduo (NASDAQ:PDD) Stock

Pinduoduo Inc., through its subsidiaries, operates an e-commerce platform in the People's Republic of China. It operates Pinduoduo, a mobile platform that offers a range of products, including apparel, shoes, bags, mother and childcare products, food and beverages, fresh produce, electronic appliances, furniture and household goods, cosmetics and other personal care items, sports and fitness items, and auto accessories. The company was formerly known as Walnut Street Group Holding Limited and changed its name to Pinduoduo Inc. in July 2018. Pinduoduo Inc. was incorporated in 2015 and is headquartered in Shanghai, the People's Republic of China.

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PDD Stock News Headlines

August 31, 2022 | marketbeat.com

Can Alibaba And Baidu Finally Rally With Delisting Fears Gone? (PDD)

Can Chinese companies Alibaba Group Holdings and Baidu recapture their glory days as leading growth stocks after a deal that takes delisting off the table?

September 24, 2022 | investors.com

Albemarle, Pinduoduo Look For Support As Bear Market Intensifies - Video - IBD - Investor's Business Daily

September 23, 2022 | nasdaq.com

Can Pinduoduo Inc. Sponsored ADR (PDD) Climb 33% to Reach the Level Wall Street Analysts Expect? - Nasdaq

September 23, 2022 | finance.yahoo.com

Calculating The Fair Value Of Pinduoduo Inc. (NASDAQ:PDD)

September 23, 2022 | finance.yahoo.com

Can Pinduoduo Inc. Sponsored ADR (PDD) Climb 33% to Reach the Level Wall Street Analysts Expect?

September 21, 2022 | benzinga.com

What Are Whales Doing With Pinduoduo - Pinduoduo (NASDAQ:PDD) - Benzinga

September 20, 2022 | techcrunch.com

Amazon’s latest challenger is China’s online dollar store Pinduoduo - TechCrunch

September 19, 2022 | streetinsider.com

Form SC TO-I/A Pinduoduo Inc. Filed by: Pinduoduo Inc. - StreetInsider.com

September 18, 2022 | nasdaq.com

Pinduoduo Inc.'s (NASDAQ:PDD) Stock's On An Uptrend: Are Strong Financials Guiding The Market? - Nasdaq

September 13, 2022 | benzinga.com

Pinduoduo (NASDAQ:PDD) – Pinduoduo's Sister Company Temu Launches Online Marketplace In US - Benzinga

September 12, 2022 | benzinga.com

Pinduoduo (NASDAQ:PDD) – This Is What Whales Are Betting On Pinduoduo - Benzinga

September 9, 2022 | benzinga.com

Alibaba Group Holding (NYSE:BABA), Pinduoduo (NASDAQ:PDD), Wendy's (NASDAQ:WEN), Farfetch (NYSE:FTCH), Te - Benzinga

September 9, 2022 | uk.investing.com

Here's Why Pinduoduo Shares Are Moving By Benzinga - Investing.com UK

September 9, 2022 | benzinga.com

Pinduoduo (NASDAQ:PDD) – Here's Why Pinduoduo Shares Are Moving - Benzinga

September 9, 2022 | bloomberg.com

Pinduoduo Emerges as Big Winner in Covid-Zero China - Bloomberg

September 9, 2022 | theglobeandmail.com

Pinduoduo Soars in China’s Zero-Covid Policy

September 7, 2022 | benzinga.com

Citigourp Global Markets 2% Protected Notes Linked To The Djia (PDD) – Pinduoduo Whale Trades Spotted - Benzinga

September 5, 2022 | finance.yahoo.com

Estimating The Intrinsic Value Of Pinduoduo Inc. (NASDAQ:PDD)

September 4, 2022 | fool.com

2 Reasons Investors Are Getting Excited About Pinduoduo - The Motley Fool

September 2, 2022 | investors.com

Stock Market Skids, But Bounces Off Lows: Weekly Review - Investor's Business Daily

September 2, 2022 | nasdaq.com

Will Pinduoduo Inc. Sponsored ADR (PDD) Gain on Rising Earnings Estimates? - Nasdaq

September 2, 2022 | cnbc.com

China's e-commerce giant Pinduoduo quietly launches U.S. shopping site in Amazon challenge - CNBC

August 31, 2022 | ca.finance.yahoo.com

Pinduoduo beats on earnings, massive revenue jump attributed to pent-up demand - Yahoo Canada Finance

August 30, 2022 | investors.com

Indexes Undercut 50-Day Line; Antero Resources, Steel Dynamics, Pinduoduo In Focus - Video - IBD - Investor's Business Daily

August 30, 2022 | bloomberg.com

E-Commerce Giant Pinduoduo Jumps After Posting 'Very Strong' Results - Bloomberg

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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PDD Company Calendar

Last Earnings: 8/29/2022
Today: 9/24/2022
Next Earnings (Estimated): 11/25/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Business services, not elsewhere classified
Sub-Industry: N/A
Sector: Retail/Wholesale
Current Symbol: NASDAQ:PDD
CUSIP: N/A
CIK: 1737806
Web: www.pinduoduo.com
Phone: 862152661300
Fax: N/A
Employees: 9,762
Year Founded: 2015

Price Target and Rating

Average Stock Price Forecast: $76.73
High Stock Price Forecast: $107.00
Low Stock Price Forecast: $48.00
Forecasted Upside/Downside: +27.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.73
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.13
Trailing P/E Ratio: 28.19
Forward P/E Ratio: 24.41
P/E Growth: N/A
Net Income: $1.22 billion
Net Margins: 18.88%
Pretax Margin: 16.43%
Return on Equity: 29.57%
Return on Assets: 12.59%

Debt

Debt-to-Equity Ratio: 0.18
Current Ratio: 1.89
Quick Ratio: 1.89

Sales & Book Value

Annual Sales: $14.74 billion
Price / Sales: 5.05
Cash Flow: $1.88 per share
Price / Cash Flow: 31.96
Book Value: $9.52 per share
Price / Book: 6.31

Miscellaneous

Outstanding Shares: 1,238,700,000
Free Float: 1,192,871,000
Market Cap: $74.38 billion
Optionable: Optionable
Beta: 0.61

Social Links

Key Executives

Mr. Lei Chen (Age 42)
Chairman & CEO

Ms. Jun Liu (Age 39)
VP of Fin.

Mr. Junyun Xiao (Age 42)
Sr. VP of Operation

Xin Yi Lim
Investor Relations Officers

Mr. Jianchong Zhu (Age 42)
Gen. Counsel

Mr. Nick Shu C.F.A.
Director of Corp. Devel. & IR

Mr. Zhenwei Zheng (Age 38)
Sr. VP of Product Devel.

David Liu
VP of Strategy

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PDD Stock - Frequently Asked Questions

Should I buy or sell Pinduoduo stock right now?: 11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pinduoduo in the last twelve months. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PDD shares.
View PDD analyst ratings or view top-rated stocks.
What is Pinduoduo's stock price forecast for 2022?: 11 Wall Street research analysts have issued 12-month price targets for Pinduoduo's stock. Their PDD share price forecasts range from $48.00 to $107.00. On average, they anticipate the company's stock price to reach $76.73 in the next twelve months. This suggests a possible upside of 27.8% from the stock's current price.
View analysts price targets for PDD or view top-rated stocks among Wall Street analysts.
How have PDD shares performed in 2022?: Pinduoduo's stock was trading at $58.30 on January 1st, 2022. Since then, PDD shares have increased by 3.0% and is now trading at $60.05.
View the best growth stocks for 2022 here.
When is Pinduoduo's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, November 25th 2022.
View our PDD earnings forecast.
How were Pinduoduo's earnings last quarter?: Pinduoduo Inc. (NASDAQ:PDD) posted its earnings results on Monday, August, 29th. The company reported $7.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $7.27. The company had revenue of $4.69 billion for the quarter, compared to analysts' expectations of $3.54 billion. Pinduoduo had a trailing twelve-month return on equity of 29.57% and a net margin of 18.88%. During the same quarter in the prior year, the firm earned $0.33 EPS.
What other stocks do shareholders of Pinduoduo own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Pinduoduo investors own include Alibaba Group (BABA), NVIDIA (NVDA), JD.com (JD), Advanced Micro Devices (AMD), Micron Technology (MU), Netflix (NFLX), Block (SQ), Tesla (TSLA), Walt Disney (DIS) and Salesforce (CRM).

When did Pinduoduo IPO?: (PDD) raised $1.5 billion in an initial public offering (IPO) on Thursday, July 26th 2018. The company issued 85,600,000 shares at a price of $16.00-$19.00 per share. Credit Suisse, Goldman Sachs (Asia) and CICC acted as the underwriters for the IPO and China Renaissance was co-manager.
What is Pinduoduo's stock symbol?: Pinduoduo trades on the NASDAQ under the ticker symbol "PDD."
Who are Pinduoduo's major shareholders?: Pinduoduo's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (2.27%), FMR LLC (1.76%), GQG Partners LLC (0.50%), UBS Asset Management Americas Inc. (0.44%), Bridgewater Associates LP (0.39%) and Price T Rowe Associates Inc. MD (0.32%).
How do I buy shares of Pinduoduo?: Shares of PDD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Pinduoduo's stock price today?: One share of PDD stock can currently be purchased for approximately $60.05.
How much money does Pinduoduo make?: Pinduoduo (NASDAQ:PDD) has a market capitalization of $74.38 billion and generates $14.74 billion in revenue each year. The company earns $1.22 billion in net income (profit) each year or $2.13 on an earnings per share basis.
How many employees does Pinduoduo have?: The company employs 9,762 workers across the globe.
How can I contact Pinduoduo?: Pinduoduo's mailing address is 28/F NO. 533 LOUSHANGUAN ROAD CHANGNING DISTRICT, SHANGHAI F4, 200051. The official website for the company is www.pinduoduo.com. The company can be reached via phone at 862152661300 or via email at investor@pinduoduo.com.

This page (NASDAQ:PDD) was last updated on 9/24/2022 by MarketBeat.com Staff

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Pinduoduo - PDD Stock Forecast, Price & News

Pinduoduo MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows