NASDAQ:PDD - Pinduoduo Stock Price, Forecast & News

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

Pinduoduo Inc (NASDAQ:PDD) released its quarterly earnings data on Wednesday, November, 20th. The company reported ($1.44) earnings per share for the quarter, missing the consensus estimate of ($0.11) by $1.33. The business earned $7.51 billion during the quarter, compared to analysts' expectations of $7.58 billion. Pinduoduo had a negative return on equity of 32.14% and a negative net margin of 30.59%. The company's quarterly revenue was up 122.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.68) EPS. 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.

Pinduoduo will be holding an earnings conference call on Wednesday, March 11th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

13 Wall Street analysts have issued 12 month price targets for Pinduoduo's stock. Their forecasts range from $20.48 to $62.00. On average, they anticipate Pinduoduo's share price to reach $37.08 in the next twelve months. This suggests a possible upside of 5.4% from the stock's current price. View Analyst Price Targets for Pinduoduo.

13 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 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Pinduoduo.

News articles about PDD stock have trended very negative on Friday, according to InfoTrie. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Pinduoduo earned a media sentiment score of -3.5 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near term. View News Stories for Pinduoduo.

Pinduoduo saw a increase in short interest during the month of February. As of February 14th, there was short interest totalling 30,010,000 shares, an increase of 13.5% from the January 30th total of 26,450,000 shares. Based on an average daily trading volume, of 6,700,000 shares, the days-to-cover ratio is currently 4.5 days. Approximately 4.7% of the shares of the stock 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), NetEase (NTES), Worldpay (WP), Mercadolibre (MELI), eBay (EBAY), Msci (MSCI), CoStar Group (CSGP), FleetCor Technologies (FLT), Total System Services (TSS), 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 shareholders include IDG China Venture Capital Fund IV Associates L.P. (3.48%), Baillie Gifford & Co. (1.52%), Renaissance Technologies LLC (0.63%), State Street Corp (0.36%), Sumitomo Mitsui Trust Holdings Inc. (0.24%) and Sylebra Capital Ltd (0.21%).

PDD stock was sold by a variety of institutional investors in the last quarter, including Sylebra Capital Ltd, Sumitomo Mitsui Trust Holdings Inc., Nikko Asset Management Americas Inc., Krane Funds Advisors LLC, Goldman Sachs Group Inc., Greenwoods Asset Management Ltd, Penserra Capital Management LLC and Swiss National Bank.

PDD stock was purchased by a variety of institutional investors in the last quarter, including IDG China Venture Capital Fund IV Associates L.P., Tairen Capital Ltd, Renaissance Technologies LLC, Bank of America Corp DE, Baillie Gifford & Co., H&H International Investment LLC, WT Asset Management Ltd and Janus Henderson Group PLC.

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 $35.18.

Pinduoduo has a market capitalization of $39.19 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]