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NYSE:PINS

Pinterest (PINS) Stock Price, News & Analysis

$41.38
-0.12 (-0.29%)
(As of 05/22/2024 ET)
Today's Range
$41.16
$41.60
50-Day Range
$32.40
$42.80
52-Week Range
$23.00
$43.12
Volume
6.26 million shs
Average Volume
12.97 million shs
Market Capitalization
$28.27 billion
P/E Ratio
197.08
Dividend Yield
N/A
Price Target
$41.26

Pinterest MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
0.3% Downside
$41.26 Price Target
Short Interest
Healthy
3.34% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.83mentions of Pinterest in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$5.86 M Sold Last Quarter
Proj. Earnings Growth
65.12%
From $0.43 to $0.71 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.51 out of 5 stars

Computer And Technology Sector

245th out of 593 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

23rd out of 58 stocks

PINS stock logo

About Pinterest Stock (NYSE:PINS)

Pinterest Inc is a social media platform that allows users to discover and save ideas for various interests, including fashion, cooking, home decor and travel. It was founded in 2008 by Ben Silbermann, Evan Sharp and Paul Sciarra and is headquartered in San Francisco, California. The company's mission is to "bring everyone the inspiration to create a life they love."

As of the end of 2022, Pinterest had over 460 million monthly active users worldwide, with most of its user base in the United States. The platform is available in over 30 languages and operates in over 200 countries. Pinterest has received numerous awards for its innovative approach to social media and has been named one of the world's top 100 most innovative companies by Forbes.

The current CEO of Pinterest is Bill Ready, who was named CEO in Q2 of 2022. Previously Bill worked for Google as the president of commerce. Other key management team members include Evan Sharp, the Chief Design and Creative Officer and Todd Morgenfeld, the Chief Financial Officer and Head of Business Operations.

In 2022, Pinterest announced the appointment of Andrea Wishom, the Lead Independent Director, as a new member of its board of directors, bringing the total number of board members to nine. Andrea is on the board of nine companies in total, and previously she was the Executive Vice President of OWN: Oprah Winfrey Network LLC. 

In the past few years, Pinterest has seen steady growth in its revenue, which reached $2.8 billion in 2022, up from $1.7 billion in 2020. The company's net income has teetered from a slight loss to a slight gain in the past few years. Pinterest's debt levels have remained relatively low, with the company carrying only $581 million in long-term debt as of the end of 2022. Pinterest's valuation metrics have fluctuated recently, with the company's price-to-earnings and price-to-book ratios increasing above industry averages.

Pinterest's stock price has seen significant fluctuations in recent years, with the company's share price hitting an all-time high of $91.85 in February 2021 before falling to a low of $31.54 in October of the same year. The company's stock price fluctuates between $20 and $30. The company's trading volume has also fluctuated, with an average daily volume of around 14 million shares.

Pinterest operates in the social media industry, which has grown significantly in recent years. The company competes with other social media platforms, such as Facebook, Instagram and Twitter, as well as search engines like Google. Pinterest's unique focus on visual discovery sets it apart from its competitors, as users can search for ideas based on images rather than text. The company has also faced regulatory and political issues related to data privacy and content moderation, which are common concerns in the social media industry.

Pinterest has several potential growth opportunities, including expanding its user base in international markets, launching new advertising products and developing new features for creators and small businesses. The company has also been exploring opportunities in e-commerce, allowing users to purchase products directly from the platform. Pinterest has already seen success with its shopping features, with the company reporting that 80% of its users have purchased products based on the content they discovered on the platform.

Pinterest faces several risks and challenges, including increasing competition in the social media industry, changing consumer preferences and potential regulatory changes related to data privacy and content moderation. The company's success is closely tied to its ability to maintain and grow its user base. Any issues that negatively impact user engagement could significantly affect its financial performance.

Another risk for Pinterest is platform misuse or abuse, which could lead to reputational damage or legal liabilities. The company has implemented various measures to address these concerns, including content moderation policies and partnerships with third-party fact-checkers. However, there is still the potential for content that violates these policies to be shared on the platform.

Additionally, Pinterest's growth potential depends on the global economy's overall health. Any significant economic downturn could negatively impact the company's advertising revenue, as companies may reduce ad spending to cut costs.

PINS Stock Price History

PINS Stock News Headlines

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Digital advertising verification and measurement solutions provider DoubleVerify Holdings Inc. (NYSE: DV) shares took a 39% plunge on its Q1 2024 earnings
The Trade Desk Raised Forecasts Means Ad Spending is Back, Maybe (PINS)
The Trade Desk Inc. (NASDAQ: TTD) is one of the largest artificial intelligence (AI) powered demand-side programmatic advertising platform providers
Pinterest Prospers From AI Boosting Shop-Ability and Relevance
Social commerce platform Pinterest Inc. NYSE: PINS shares are climbing towards 52-week highs on the heels of a spectacular Q1 2024 earnings report. The rebound in the advertising market, coupled with its artificial intelligence (AI) powered personalization and shop-ability effects, bolstered the company's revenue growth and monthly active users (MAUs).
Pinterest Prospers From AI Boosting Shop-Ability and Relevance
Social commerce platform Pinterest Inc. (NYSE: PINS) shares are climbing towards 52-week highs on the heels of a spectacular Q1 2024 earnings report. The rebo
The Case For Reddit Stock Investors Should Consider (PINS)
Reddit stock could be the most aggressive growth story in social media, and still offering one of the steepest price action discounts in the industry.
3 Cheap E-Commerce Stocks to Buy Now: May 2024
Pinterest: Tailwinds In Multiple Areas
3 Growth Stocks Defying Today's Market Trends
See More Headlines
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Company Calendar

Last Earnings
4/30/2024
Today
5/22/2024
Next Earnings (Estimated)
8/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Fax
N/A
Employees
4,014
Year Founded
2008

Price Target and Rating

Average Stock Price Target
$41.26
High Stock Price Target
$52.00
Low Stock Price Target
$25.00
Potential Upside/Downside
-0.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
27 Analysts

Profitability

Net Income
$-35,610,000.00
Pretax Margin
5.46%

Debt

Sales & Book Value

Annual Sales
$3.06 billion
Cash Flow
$0.16 per share
Book Value
$4.60 per share

Miscellaneous

Free Float
634,597,000
Market Cap
$28.27 billion
Optionable
Optionable
Beta
0.99

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PINS Stock Analysis - Frequently Asked Questions

Should I buy or sell Pinterest stock right now?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pinterest in the last twelve months. There are currently 8 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PINS shares.
View PINS analyst ratings
or view top-rated stocks.

What is Pinterest's stock price target for 2024?

27 Wall Street research analysts have issued 12-month price targets for Pinterest's stock. Their PINS share price targets range from $25.00 to $52.00. On average, they anticipate the company's stock price to reach $41.26 in the next twelve months. This suggests that the stock has a possible downside of 0.3%.
View analysts price targets for PINS
or view top-rated stocks among Wall Street analysts.

How have PINS shares performed in 2024?

Pinterest's stock was trading at $37.04 on January 1st, 2024. Since then, PINS shares have increased by 11.7% and is now trading at $41.3850.
View the best growth stocks for 2024 here
.

When is Pinterest's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our PINS earnings forecast
.

How were Pinterest's earnings last quarter?

Pinterest, Inc. (NYSE:PINS) posted its earnings results on Tuesday, April, 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.05. The company had revenue of $739.98 million for the quarter, compared to analysts' expectations of $699.96 million. Pinterest had a trailing twelve-month return on equity of 5.93% and a net margin of 4.64%.

What guidance has Pinterest issued on next quarter's earnings?

Pinterest issued an update on its second quarter 2024 earnings guidance on Tuesday, April, 30th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $835.0 million-$850.0 million, compared to the consensus revenue estimate of $826.5 million.

What is Ben Silbermann's approval rating as Pinterest's CEO?

217 employees have rated Pinterest Chief Executive Officer Ben Silbermann on Glassdoor.com. Ben Silbermann has an approval rating of 91% among the company's employees. This puts Ben Silbermann in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Pinterest own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Pinterest investors own include NVIDIA (NVDA), Block (SQ), Tesla (TSLA), Alibaba Group (BABA), Walt Disney (DIS), Netflix (NFLX), Zoom Video Communications (ZM), Roku (ROKU), Advanced Micro Devices (AMD) and PayPal (PYPL).

When did Pinterest IPO?

Pinterest (PINS) raised $1.2 billion in an IPO on Thursday, April 18th 2019. The company issued 75,000,000 shares at a price of $15.00-$17.00 per share. Goldman Sachs, J.P. Morgan and Allen & Company served as the underwriters for the IPO and BofA Merrill Lynch, Barclays, Citigroup, Credit Suisse, Deutsche Bank Securities, RBC Capital Markets, Baird, UBS Investment Bank and Wells Fargo Securities were co-managers.

Who are Pinterest's major shareholders?

Pinterest's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.39%), Price T Rowe Associates Inc. MD (2.88%), Baillie Gifford & Co. (1.36%), Clearbridge Investments LLC (1.20%), Sumitomo Mitsui Trust Holdings Inc. (0.84%) and Bank of New York Mellon Corp (0.82%). Insiders that own company stock include Barry Moze, Benjamin Silbermann, Christine Deputy, Christine Flores, Donnelly Julia Brau, Evan Sharp, Gokul Rajaram, Jeffrey D Jordan, Jeffrey D Jordan, Naveen Gavini, Sabrina Ellis, Todd R Morgenfeld, Todd R Morgenfeld, Tseli Lily Yang, Wanjiku Juanita Walcott and William J Ready.
View institutional ownership trends
.

How do I buy shares of Pinterest?

Shares of PINS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Pinterest have any subsidiaries?
The following companies are subsidiares of Pinterest: Fleksy, Hackermeter, Hike Labs, Icebergs, Instapaper, Jelly, Jelly HQ, Kosei, Livestar, Math Camp, Pext, Pinterest Europe Limited, Punchfork, The Hunt, The Yes, Tote, URX, VisualGraph, and Vochi.
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This page (NYSE:PINS) was last updated on 5/23/2024 by MarketBeat.com Staff

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