Pinterest, Inc. engages in the operation of a pinboard-style photo-sharing website. It allows users to create and manage theme-based image collections such as events, interests, and hobbies. The company was founded by Benjamin Silbermann, Paul C. Sciarra, and Evan Sharp in October 2008 and is headquartered in San Francisco, CA.
- Given the massive rise in Pinterest stock up to that point , Wall Street already had high expectations for the company.
- Ben Silbermann has an approval rating of 91% among the company’s employees.
- On Monday, November 14th, Benjamin Silbermann sold 150,000 shares of Pinterest stock.
- Wetherby Asset Management Inc. now owns 42,863 shares of the company’s stock worth $1,055,000 after purchasing an additional 573 shares during the last quarter.
Rosenblatt Securities analyst Barton Crockett maintained a Hold rating on Pinterest (PINS – Research Report) today. The company’s shares closed yesterday at $22.72.According to https://dotbig.com/markets/stocks/PINS/ TipRanks, Crockett is a 3-star analyst with a… – The home improvement retailer announced a new $15 billion share repurchase program and reaffirmed its full-year forecast.
PINS Stock – Frequently Asked Questions
Elliott Investment Management looks to want the same from Pinterest, with plans for how to improve the social media business. Considering the fact that PINS stock is down 38% year-to-date , this could be good news for holders of the shares. According to 41 analysts, the average rating for PINS stock is "Buy." The DotBig 12-month stock price forecast is 28.04, which is an increase of 23.63% from the latest price. The company’s average rating score is 2.38, and is based on 9 buy ratings, 15 hold ratings, and no sell ratings. A valuation method that multiplies the price of a company’s stock by the total number of outstanding shares.
Even so, PINS stock isn’t seeing much movement today with some 2 million shares on the move as of this writing. That’s well below the daily average trading volume of about 13.9 million shares. Pinterest Inc PINS shares are trading higher Wednesday after the idea discovery platform company announced a partnership with PINS stock Elliott Investment Management. Pinterest, Inc PINS was trading about 2% higher in the premarket on Wednesday after announcing that it had entered into a cooperation agreement with Elliott Management and appointed Marc Steinberg to Pi… Raised $1.2 billion in an initial public offering on Thursday, April 18th 2019.
Benjamin Silbermann Sells 150,000 Shares of Pinterest, Inc. (NYSE:PINS) Stock
Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. https://dotbig.com/ Pinterest, Inc. operates and maintains social networking site.
– Campbell Soup beat estimates by 14 cents with adjusted quarterly earnings of $1.02 per share. Revenue also beat consensus and the food producer said its results were helped by strong pricing, improved productivity and supply chain improvements. On the one hand, the rumors that Pinterest is cutting back on hiring could signal that business conditions are getting worse. But it could also mean that Pinterest is moving forward with plans to improve efficiency and boost profitability. Management noted on the third-quarter earnings call that it intended to "return to meaningful margin expansion next year." Elliott Investment Management seeks to improve operations at the social media company.
In the fourth quarter of 2020, the platform’s average revenue per user was $1.57, up 29% year-over-year. As a matter of fact, after going through the pandemic-induced tumble, Pinterest stock quickly bounced back and actually went on to have a huge rally. At the time of this writing, Pinterest Inc trades at $84.04 per share, marking a 251% increase year-over-year. – Airbnb fell 3.8% in premarket trading after Morgan Stanley downgraded the stock to underweight from equal-weight.
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My task today is to find seven of the most undervalued long-term stocks to buy now. We need to determine two things before stock selection takes place. Pinterest has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock’s prospects. Pinterest Incorporated stock © 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.
The Wall Street Journal
Piper Sandler increased their price target on Pinterest from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, October 28th. DotBig KeyCorp increased their price target on Pinterest from $24.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, August 2nd.
Still, worsening business conditions could further slow advertising spending, which wouldn’t be good for social media stocks that rely on ads to monetize users. CEO Bill Ready, who joined the company in June, is looking to improve PINS personalization to increase the time that users spend on the Pinterest app, which he credited for the improved user growth last quarter. 24 Wall Street analysts have issued 1-year price objectives for Pinterest’s stock.
NewsPinterest Inc.PINS
As a relatively young industry, social media has enjoyed enormous growth over the past decade. And thanks to that growth, investors in many social media companies have made some serious profits. Was trading about 2% higher in the premarket on Wednesday after announcing that it had entered into a cooperation agreement with Elliott Management and appointed Marc Steinberg to Pinterest’s board. Shares Sold ShortThe total number https://dotbig.com/markets/stocks/PINS/ of shares of a security that have been sold short and not yet repurchased.Change from LastPercentage change in short interest from the previous report to the most recent report. Exchanges report short interest twice a month.Percent of FloatTotal short positions relative to the number of shares available to trade. Investors can end the year on a high note by scooping up shares of these bargain-basement-priced growth stocks.
MarketBeat has tracked 11 news articles for Pinterest this week, compared to 12 articles on an average week. Short interest in Pinterest has recently decreased by 3.55%, indicating that investor sentiment is improving. MarketRank is calculated as an average Pinterest Incorporated stock of available category scores, with extra weight given to analysis and valuation. Please log in to your account or sign up in order to add this asset to your watchlist. Measures how much net income or profit is generated as a percentage of revenue.