NASDAQ:PDDPinduoduo Stock Price, Forecast & News

Pinduoduo's stock was trading at $35.06 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PDD shares have increased by 90.7% and is now trading at $66.87. View which stocks have been most impacted by Coronavirus.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pinduoduo in the last year. There are currently 2 sell ratings, 9 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 earnings results on Friday, May, 22nd. The company reported ($2.73) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.34) by $2.39. The company earned $6.54 billion during 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 business's revenue for the quarter was up 43.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.20) earnings per share. View Pinduoduo's earnings history.

17 Wall Street analysts have issued twelve-month price objectives for Pinduoduo's shares. Their forecasts range from $20.48 to $84.00. On average, they expect Pinduoduo's share price to reach $58.51 in the next twelve months. This suggests that the stock has a possible downside of 12.5%. View analysts' price targets for Pinduoduo.

Press coverage about PDD stock has trended very negative on Saturday, according to InfoTrie. InfoTrie ranks the sentiment of press 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 closest to five being the most favorable. Pinduoduo earned a news impact score of -3.0 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutPinduoduo.

Pinduoduo saw a increase in short interest in April. As of April 30th, there was short interest totaling 41,900,000 shares, an increase of 17.3% from the April 15th total of 35,730,000 shares. Based on an average trading volume of 8,130,000 shares, the days-to-cover ratio is presently 5.2 days. Currently, 6.7% of the shares of the company are sold short. 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), Mercadolibre (MELI), eBay (EBAY), Msci (MSCI), CoStar Group (CSGP), FleetCor Technologies (FLT), Akamai Technologies (AKAM), Ctrip.Com International (CTRP), Trip.com Group (TCOM), Broadridge Financial Solutions (BR) and Zillow Group (Z). 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 (IPO) 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 trades on the NASDAQ under the ticker symbol "PDD."

Pinduoduo's stock is owned by many different retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (2.45%), BlackRock Inc. (1.03%), State Street Corp (0.43%), Fisher Asset Management LLC (0.37%), Greenwoods Asset Management Ltd (0.36%) and Sumitomo Mitsui Trust Holdings Inc. (0.23%).

PDD stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Tairen Capital Ltd, Sylebra Capital Ltd, Barings LLC, Banco Santander S.A., JPMorgan Chase & Co., and Sumitomo Mitsui Trust Holdings Inc..

PDD stock was bought by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., Fisher Asset Management LLC, Greenwoods Asset Management Ltd, BlackRock Inc., Discovery Value Fund, State Street Corp, Assenagon Asset Management S.A., and Krane Funds Advisors 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 $66.87.

Pinduoduo has a market capitalization of $74.49 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]