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 stockslike Pinterest.
Full Answer
Why was PayPal interested in buying Pinterest?
Apr 16, 2021 · Shares of Pinterest (NYSE: PINS) took a hit on Friday. The visual search and media platform provider's shares fell as much as 10.8%. As of 1:33 p.m. EDT, the stock was down 8.2%. The growth stock ...
Why Pinterest is dropping its like button?
Mar 03, 2021 · Shares of tech stock Pinterest ( PINS -2.57% ) plunged as much as 10% on Wednesday as growth stocks fell almost across the board. Shares closed the day down 8.4%.
Why does Pinterest not work?
Jul 07, 2021 · 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 …
Will Pinterest stock rise?
Apr 08, 2022 · investorplace.com - April 7 at 2:01 PM. Pinterest (NYSE:PINS) Shares Gap Down to $26.13. americanbankingnews.com - April 7 at 11:48 AM. It's All About These 2 Charts for Pinterest - The Motley Fool. fool.com - April 7 at 8:42 AM. It's All About These 2 Charts for Pinterest. finance.yahoo.com - April 7 at 8:42 AM.
Why is Pinterest stock dropping?
Pinterest shares tumbled after a downgrade by Guggenheim. The firm cited data that users were leaving the platform. Analysts downgraded the stock to Neutral from Buy and lowered the price target to $39 from $46. Pinterest (ticker: PINS) shares dropped more than 9% to $33.13 on Tuesday.Jan 4, 2022
What's wrong with Pinterest stock?
Pinterest stock has fallen more than 50% over the past 6 months. The company has underperformed peers as it has struggled to sustain user growth rates. Pinterest has cash equivalent to nearly 10% of the market cap, and the company is generating ample free cash flow.Jan 4, 2022
Why is PINS dropping?
Monthly active users on Pinterest (PINS) dropped because engagement waned as Covid-19 restrictions were lifted and consumers ventured outside. Pinterest ended the quarter with 454 million monthly active users, below expectations of 482 million. Pinterest stock plunged 7% in reaction.Oct 18, 2021
Will Pinterest stock go up again?
The Wall Street analysts anticipate that PINS' sales growth will continue to slow from +20.0% in Q4 2021 to +18.7% in Q1 2022 and +14.6% in Q2 2022 as per S&P Capital IQ data.Feb 18, 2022
Is PINS a buy now?
After Its Re-Rating, PINS Stock is a Buy | InvestorPlace. Today at 4 p.m. ET, one of America's top traders reveals his pick for the #1 way to play this volatile market. REGISTER FREE!Mar 13, 2022
Is Pinterest undervalued?
Is Pinterest Stock undervalued? Depends on your opinion of Pinterest. Some investors believe it is overvalued due to the niche market and reliance on ad revenue, others believe that it is undervalued as the figures show great potential for 2021 and onward, despite COVID-19.
Is Pinterest a buy right now?
So, should I buy Pinterest stock? Analysts tracking PINS stock have a 12-month average price target of $41.86, which is 56% higher than its current trading price. Pinterest's attractive valuation and massive upside potential coupled with its increasing ARPU make it a top bet right now.Feb 10, 2022
What stock sector is Pinterest?
Consumer ServicesKey DataLabelValueSectorConsumer ServicesIndustryInteractive Media1 Year Target$45.00Today's High/Low$22.97/$21.3614 more rows
What is the future of PINS?
Pinterest Inc (NYSE:PINS) The 26 analysts offering 12-month price forecasts for Pinterest Inc have a median target of 35.50, with a high estimate of 50.00 and a low estimate of 20.00. The median estimate represents a +75.40% increase from the last price of 20.24.
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.
Pinterest Media Sentiment
Each headline receives a score ranging from 2 (good news) to -2 (bad news). Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press.
Media Coverage
We track news headlines from hundreds of news outlets and tag them by company. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week.
Pinterest (NYSE PINS) News Headlines Today
Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm.
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..
Is Pinterest a buy right now?
27 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pinterest in the last year. There are currently 12 hold ratings and 15 buy ratings for the stock.
What stocks does MarketBeat like better than Pinterest?
Wall Street analysts have given Pinterest a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Pinterest wasn't one of them.
Are investors shorting Pinterest?
Pinterest saw a drop in short interest in the month of August. As of August 13th, there was short interest totaling 17,180,000 shares, a drop of 14.1% from the July 29th total of 20,010,000 shares. Based on an average trading volume of 10,920,000 shares, the days-to-cover ratio is presently 1.6 days.
When is Pinterest's next earnings date?
Pinterest is scheduled to release its next quarterly earnings announcement on Wednesday, October 27th 2021.#N#View our earnings forecast for Pinterest.
How were Pinterest's earnings last quarter?
Pinterest, Inc. (NYSE:PINS) announced its earnings results on Thursday, July, 29th. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.11) by $0.36. The business had revenue of $613.21 million for the quarter, compared to analyst estimates of $560.93 million.
How has Pinterest's stock been impacted by Coronavirus (COVID-19)?
Pinterest's stock was trading at $15.45 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PINS shares have increased by 251.1% and is now trading at $54.24.#N#View which stocks have been most impacted by COVID-19.
What price target have analysts set for PINS?
27 Wall Street analysts have issued 1-year price objectives for Pinterest's shares. Their forecasts range from $48.00 to $107.50. On average, they expect Pinterest's stock price to reach $78.31 in the next year.
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 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 expanding?
Pinterest, Inc. (NYSE: PINS) today, announces that it is expanding Idea Pins, its multi-page video Pin format, to all creators in India, Indonesia, Spain, Italy, Ireland, New Zealand, Brazil, Mexico, Argentina, Chile, Columbia, Peru, Japan, and Sweden. This new access and capability will empower anyone with a business account in these countries to create inspiring content and closer interact with their audiences, building more engaged communities directly on Pinterest.
