NASDAQ:PDD - Pinduoduo Stock Price, Forecast & News

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

Pinduoduo Inc (NASDAQ:PDD) announced its earnings results on Wednesday, November, 20th. The company reported ($1.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by $1.33. The firm had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.58 billion. Pinduoduo had a negative net margin of 30.59% and a negative return on equity of 32.14%. Pinduoduo's revenue for the quarter was up 122.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.68) earnings per share. View Pinduoduo's Earnings History.

Pinduoduo is scheduled to release their next quarterly earnings announcement on Wednesday, March 11th 2020. View Earnings Estimates for Pinduoduo.

14 Wall Street analysts have issued 12-month price objectives for Pinduoduo's shares. Their forecasts range from $20.48 to $62.00. On average, they anticipate Pinduoduo's stock price to reach $37.64 in the next year. This suggests a possible upside of 1.5% from the stock's current price. View Analyst Price Targets for Pinduoduo.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pinduoduo in the last year. There are currently 2 sell ratings, 2 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Pinduoduo.

Media headlines about PDD stock have been trending extremely negative this week, according to InfoTrie. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Pinduoduo earned a news impact score of -5.0 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Pinduoduo.

Pinduoduo saw a decline in short interest in December. As of December 13th, there was short interest totalling 26,350,000 shares, a decline of 6.0% from the November 28th total of 28,020,000 shares. Based on an average daily trading volume, of 7,280,000 shares, the short-interest ratio is presently 3.6 days. Approximately 4.1% of the company's shares are short sold. View Pinduoduo's Current Options Chain.

Some companies that are related to Pinduoduo include Paypal (PYPL), Accenture (ACN), Fidelity National Information Servcs (FIS), Global Payments (GPN), Worldpay (WP), NetEase (NTES), Mercadolibre (MELI), eBay (EBAY), FleetCor Technologies (FLT), CoStar Group (CSGP), Total System Services (TSS), Msci (MSCI), Trip.com Group (TCOM), Ctrip.Com International (CTRP) and Akamai Technologies (AKAM).

Based on aggregate information from My MarketBeat watchlists, some companies that other Pinduoduo investors own include Alibaba Group (BABA), NVIDIA (NVDA), Verizon Communications (VZ), Netflix (NFLX), Micron Technology (MU), JD.Com (JD), Tesla (TSLA), Paypal (PYPL), Advanced Micro Devices (AMD) and AT&T (T).

(PDD) raised $1.5 billion in an initial public offering 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 served as the underwriters for the IPO and China Renaissance was co-manager.

Pinduoduo's stock is owned by many different of retail and institutional investors. Top institutional investors include California Public Employees Retirement System (0.02%), EastBay Asset Management LLC (0.01%), Altfest L J & Co. Inc. (0.00%), World Asset Management Inc (0.00%), Exane Derivatives (0.00%) and Advisors Preferred LLC (0.00%).

PDD stock was sold by a variety of institutional investors in the last quarter, including EastBay Asset Management LLC, Steward Partners Investment Advisory LLC, Exane Derivatives, World Asset Management Inc and Altfest L J & Co. Inc..

PDD stock was bought by a variety of institutional investors in the last quarter, including California Public Employees Retirement System and Advisors Preferred 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 $37.08.

Pinduoduo has a market capitalization of $41.30 billion and generates $1.91 billion in revenue each year. The company earns $-1,486,020,000.00 in net income (profit) each year or ($2.00) on an earnings per share basis. Pinduoduo employs 3,683 workers across the globe.View Additional Information About Pinduoduo.

The official website for Pinduoduo is http://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]