NASDAQ:PDDPinduoduo Stock Price, Forecast & News

Pinduoduo's stock was trading at $35.06 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PDD stock has increased by 142.2% and is now trading at $84.90.
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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 Friday, August 21st 2020.
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Pinduoduo will be holding an earnings conference call on Friday, August 21st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Pinduoduo Inc (NASDAQ:PDD) announced its quarterly earnings results 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 company earned $6.54 billion during the quarter, compared to the consensus estimate of $5.21 billion. Pinduoduo had a negative return on equity of 37.60% and a negative net margin of 28.48%. The business's quarterly revenue was up 43.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.20) earnings per share.
View Pinduoduo's earnings history.

15 analysts have issued 1 year target prices for Pinduoduo's shares. Their forecasts range from $33.00 to $116.00. On average, they expect Pinduoduo's stock price to reach $68.41 in the next year. This suggests that the stock has a possible downside of 19.4%.
View analysts' price targets for Pinduoduo.

Press coverage about PDD stock has trended extremely negative recently, according to InfoTrie. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Pinduoduo earned a news impact score of -4.0 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future.
View the latest news about Pinduoduo.

Pinduoduo saw a increase in short interest in 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 volume of 6,700,000 shares, the days-to-cover ratio is currently 4.5 days. Currently, 4.7% of the company's shares 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), Zillow Group (Z) and Trip.com Group (TCOM).
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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 number of retail and institutional investors. Top institutional shareholders include FMR LLC (1.79%), Goldman Sachs Group Inc. (1.28%), Vanguard Group Inc. (0.88%), Fisher Asset Management LLC (0.37%), Discovery Value Fund (0.28%) and Sumitomo Mitsui Trust Holdings Inc. (0.20%).

PDD stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Goldman Sachs Group Inc., WT Asset Management Ltd, Krane Funds Advisors LLC, Nordea Investment Management AB, Sumitomo Mitsui Trust Holdings Inc., Perseverance Asset Management International, and Assenagon Asset Management S.A..

PDD stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Discovery Value Fund, Bridgewater Associates LP, TB Alternative Assets Ltd., California Public Employees Retirement System, Tiger Pacific Capital LP, Ontario Teachers Pension Plan Board, and Swiss National Bank.

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 $84.90.

Pinduoduo has a market capitalization of $94.57 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]