NASDAQ:PDDPinduoduo Stock Price, Forecast & News

Pinduoduo's stock was trading at $35.06 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PDD shares have increased by 149.0% and is now trading at $87.30. View which stocks have been most impacted by Coronavirus.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pinduoduo in the last year. There are currently 1 sell rating, 8 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Pinduoduo.

Pinduoduo is scheduled to release its next quarterly earnings announcement on Wednesday, August 19th 2020. View our earnings forecast for Pinduoduo.

Pinduoduo Inc (NASDAQ:PDD) released its quarterly earnings results on Friday, May, 22nd. The company reported ($2.73) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.34) by $2.39. The business had revenue of $6.54 billion for the quarter, compared to analysts' expectations of $5.21 billion. Pinduoduo had a negative net margin of 28.48% and a negative return on equity of 37.60%. The company's revenue for the quarter was up 43.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.20) EPS. View Pinduoduo's earnings history.

15 Wall Street analysts have issued twelve-month target prices for Pinduoduo's shares. Their forecasts range from $33.00 to $116.00. On average, they expect Pinduoduo's share price to reach $67.26 in the next twelve months. This suggests that the stock has a possible downside of 23.0%. View analysts' price targets for Pinduoduo.

Media stories about PDD stock have been trending neutral this week, InfoTrie reports. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Pinduoduo earned a coverage optimism score of 0.4 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news about Pinduoduo.

Some companies that are related to Pinduoduo include Visa (V), Mastercard (MA), Paypal (PYPL), Accenture (ACN), Fidelity National Information Servcs (FIS), NetEase (NTES), Mercadolibre (MELI), Global Payments (GPN), eBay (EBAY), Msci (MSCI), CoStar Group (CSGP), FleetCor Technologies (FLT), Akamai Technologies (AKAM), Ctrip.Com International (CTRP) and Trip.com Group (TCOM). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Pinduoduo investors own include Alibaba Group (BABA), JD.Com (JD), NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), Netflix (NFLX), Tesla (TSLA), Square (SQ), IQIYI (IQ) and Baidu (BIDU).

(PDD) raised $1.5 billion in an initial public offering on Thursday, July 26th 2018. The company issued 85,600,000 shares at $16.00-$19.00 per share. Credit Suisse, Goldman Sachs (Asia) and CICC served as the underwriters for the IPO and China Renaissance was co-manager.

Pinduoduo trades on the NASDAQ under the ticker symbol "PDD."

Pinduoduo's stock is owned by a number of retail and institutional investors. Top institutional investors include E Fund Management Hong Kong Co. Ltd. (0.00%), Envestnet Asset Management Inc. (0.00%), Exane Derivatives (0.00%), FNY Investment Advisers LLC (0.00%) and TRUE Private Wealth Advisors (0.00%).

PDD stock was bought by a variety of institutional investors in the last quarter, including E Fund Management Hong Kong Co. Ltd., Envestnet Asset Management Inc., Exane Derivatives, FNY Investment Advisers LLC, and TRUE Private Wealth Advisors.

Shares of PDD can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of PDD stock can currently be purchased for approximately $87.30.

Pinduoduo has a market capitalization of $97.25 billion and generates $4.33 billion in revenue each year. The company earns $-1,000,830,000.00 in net income (profit) each year or ($0.88) on an earnings per share basis. Pinduoduo employs 5,828 workers across the globe.

The official website for Pinduoduo is www.pinduoduo.com.

Pinduoduo's mailing address is 28/F NO. 533 LOUSHANGUAN ROAD CHANGNING DISTRICT, SHANGHAI F4, 200051. The company can be reached via phone at 86-21-5266-1300 or via email at [email protected]