NASDAQ:PDDPinduoduo Stock Price, Forecast & News

Pinduoduo's stock was trading at $35.06 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PDD shares have increased by 153.4% and is now trading at $88.83.
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15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pinduoduo in the last year. There are currently 9 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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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) posted its quarterly earnings data on Friday, May, 22nd. The company reported ($2.73) earnings per share for the quarter, missing analysts' consensus estimates of ($0.34) by $2.39. The firm earned $6.54 billion during the quarter, compared to analysts' expectations of $5.21 billion. Pinduoduo had a negative return on equity of 37.60% and a negative net margin of 28.48%. The firm's revenue for the quarter was up 43.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.20) EPS.
View Pinduoduo's earnings history.

15 brokers have issued 12-month price objectives for Pinduoduo's stock. Their forecasts range from $33.00 to $116.00. On average, they anticipate Pinduoduo's stock price to reach $68.41 in the next twelve months. This suggests that the stock has a possible downside of 23.0%.
View analysts' price targets for Pinduoduo.

Media coverage about PDD stock has been trending neutral recently, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Pinduoduo earned a media sentiment score of 0.2 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future.
View the latest news about Pinduoduo.

Pinduoduo saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 30,010,000 shares, an increase of 13.5% from the January 15th total of 26,450,000 shares. Based on an average daily trading volume, of 6,700,000 shares, the days-to-cover ratio is presently 4.5 days. Currently, 4.7% of the company's stock are short sold.
View Pinduoduo's Short Interest.

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), CoStar Group (CSGP), Msci (MSCI), FleetCor Technologies (FLT), Akamai Technologies (AKAM), Broadridge Financial Solutions (BR) and Zillow Group (ZG).
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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), Netflix (NFLX), Square (SQ), Tesla (TSLA), Micron Technology (MU), Shopify (SHOP) and salesforce.com (CRM).

(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 acted 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 variety of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (0.37%), Discovery Value Fund (0.28%), Sumitomo Mitsui Trust Holdings Inc. (0.20%), Krane Funds Advisors LLC (0.16%), WT Asset Management Ltd (0.07%) and Swiss National Bank (0.06%).

PDD stock was sold by a variety of institutional investors in the last quarter, including WT Asset Management Ltd, Krane Funds Advisors LLC, Sumitomo Mitsui Trust Holdings Inc., Assenagon Asset Management S.A., First Trust Advisors LP, Russell Investments Group Ltd., Andra AP fonden, and Aigen Investment Management LP.

PDD stock was purchased by a variety of institutional investors in the last quarter, including Discovery Value Fund, TB Alternative Assets Ltd., Tiger Pacific Capital LP, Swiss National Bank, Candriam Luxembourg S.C.A., Ariose Capital Management Ltd, Vident Investment Advisory LLC, and Vident Investment Advisory LLC.

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 $88.83.

Pinduoduo has a market capitalization of $98.95 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]