The stock was down about 3% just a few minutes before the market closed. The decline was likely driven by bearishness in the overall market for many growth stocks like Pinterest.
Why was PayPal interested in buying Pinterest?
Aug 09, 2021 · We can attribute Pinterest stock's weak performance last month largely to some investors being disappointed following the company's July 29 release of its second-quarter 2021 report. It wasn't...
Why Pinterest is dropping its like button?
Jul 07, 2021 · Shares of visual search and media platform Pinterest ( PINS 0.27%) took a hit on Wednesday. The stock was down about 3% just a few minutes before the market closed. The decline was likely driven by...
Why does Pinterest not work?
Mar 03, 2021 · What happened. Shares of tech stock Pinterest ( PINS 0.27%) plunged as much as 10% on Wednesday as growth stocks fell almost across the board. Shares closed the …
Will Pinterest stock rise?
Feb 08, 2021 · Shares of Pinterest ( PINS 0.81% ) pulled back by as much as 5% today, despite getting a price target increase from Wall Street. Piper Sandler reiterated a neutral rating on the stock while analyst...
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Shares of Pinterest ( PINS -3.67% ) were moving lower today after the company posted a wider-than-expected loss in its first-quarter earnings report and …
Why has Pinterest stock dropped?
Will Pinterest stock recover?
Is Pinterest still a good stock?
Is Pinterest undervalued?
Is PINS a buy now?
Is Pinterest a buy hold or sell?
Will PINS stock go up?
Is PINS a buy or sell?
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 25.08% |
| 2 | Buy | 18.56% |
| 3 | Hold | 10.15% |
| 4 | Sell | 5.79% |
How much has Pinterest risen since May 13?
Since May 13, shares have risen more than 40% -- and that includes today's decline. It stands to reason that some growth stocks like Pinterest are simply taking a breather on Wednesday, following a nice run-up.
When will Pinterest report its second quarter results?
The company typically reports its second-quarter results toward the end of July.
Is growth stock giving back?
It's possible that some growth stocks have been giving back some sharp gains in recent weeks. After many growth stocks were slammed earlier this year, the market's appetite for these companies' shares started to improve in May -- a trend that persisted into June, leading to a meaningful rebound in many growth stocks' prices recently.
The tech stock sell-off hit the company hard today
Travis Hoium has been writing for fool.com since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things. Follow @TravisHoium
What happened
Shares of tech stock Pinterest ( NYSE:PINS) plunged as much as 10% on Wednesday as growth stocks fell almost across the board. Shares closed the day down 8.4%.
So what
There wasn't any significant news out about Pinterest today, but shares of tech stocks were down sharply, and high-growth names seemed to be hit the hardest.
Now what
There's no reason to change your investment thesis in a company like Pinterest after today, and it may be a buying opportunity for long-term investors who have been looking for a cheaper share price to get in.
Piper Sandler raises its price target on the social media company but remains neutral overall
Evan is a Senior Technology Analyst at The Motley Fool. He was previously a Senior Trading Specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.
What happened
Shares of Pinterest ( NYSE:PINS) pulled back by as much as 5% today, despite getting a price target increase from Wall Street. Piper Sandler reiterated a neutral rating on the stock while analyst Thomas Champion adjusted his price target from $70 to $85, which represents a mere 4% upside from Friday's closing price.
So what
Pinterest stock surged to all-time highs last week after reporting fourth-quarter results that showed meaningful progress in improving monetization. Average revenue per user (ARPU) in the U.S. increased 49% to $5.94, while international ARPU jumped 67% to $0.35. The fourth quarter figures were "strong," in Champion's view.
Now what
Improving international ARPU is core to the bullish thesis for Pinterest, and the company says that monetization abroad remains in "the early stages." The social media technology company is forecasting first-quarter revenue growth in the low 70% range, which could represent minor deceleration compared to the 76% growth it posted for the fourth quarter..
Where does Pinterest trade?
Pinterest trades on the New York Stock Exchange (NYSE) under the ticker symbol "PINS."
What is the official website of Pinterest?
The official website for Pinterest is www.pinterest.com.
What is the P/E ratio of Pinterest?
The P/E ratio of Pinterest is 87.77, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 83.86.
Does Pinterest pay dividends?
Pinterest does not currently pay a dividend.
Is tech stock volatile?
Tech stocks have been volatile trades so far in 2021, and we’re liable to see more wild swings in the near future. As the global economy reopens, investors increasingly find themselves in an ambivalent position where they need to choose between cyclical “old economy” stocks and high-growth tech stocks.
Is Pinterest allowing weight loss ads?
Pinterest is banning all ads with weight loss language and imagery, including ads that idealize or denigrate certain body types, it said on Thursday. The digital pinboard site said it would also not allow ads with testimonials about weight loss or weight loss products, or ads referencing Body Mass Index (BMI) or similar indexes. Ads promoting healthy lifestyles, habits or fitness services and products are still allowed on the platform if they do not "focus on weight loss."
Is Pinterest profitable in 2020?
Pinterest, Inc. ( NYSE: PINS ) had a volatile year so far, rising as high as US$90 and falling as low as US$54. It is a company that definitely profited from 2020, with a surge of new users reaching 100 million during the year. While on the verge of profitability, we can see that Pinterest does use debt in its business.
Is Pinterest a social media company?
Pinterest (NYSE:PINS) is a social media company, or as Yahoo Finance states, “ [a] visual discovery engine in the United States and internationally” that helps you get inspired by finding content about the latest recipes, style, home inspiration, DIY tips, and more. In an era where the pandemic is still present, getting inspiration and being in a positive mood is priceless. Source: Nopparat Khokthong / Shutterstock.com PINS stock is down about 30% in 2021. The third-quarter 2021 earnings were str
