What's happening with pins stock?
PINS stock made the most of the pandemic and went as high as $89 in February 2021, but it has been declining ever since. As lockdown restrictions ended and the pandemic momentum slowed, the stock continued to decline. The company reported fourth-quarter results that beat analyst estimates, which led to a rise in PINS stock.
Should you hold Pinterest (Pins) stock?
The consensus among Wall Street research analysts is that investors should "hold" Pinterest stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PINS, but not buy additional shares or sell existing shares. View analyst ratings for Pinterest or view top-rated stocks.
Where can I buy shares of pins?
Shares of PINS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here.
What is the upside for Pinterest's stock?
Their forecasts range from $33.00 to $65.00. On average, they anticipate Pinterest's stock price to reach $44.70 in the next twelve months. This suggests a possible upside of 69.8% from the stock's current price. View analysts' price targets for Pinterest or view top-rated stocks among Wall Street analysts.
Is Pinterest on the decline?
Investors are not happy with where the company is trending on a user basis. Total users actually declined about 6% monthly active users to 431 million. In the U.S., they dropped from $98 million to $86 million. How do you get more revenue with less users?
Are PINS a good stock to invest?
PINS stock offers the potential for a moderately high gain. It's already taken its lumps in terms of multiple compression as well. Consider it a buy while it's out of favor.
How high will PINS stock go?
Based on 24 Wall Street analysts offering 12 month price targets for Pinterest in the last 3 months. The average price target is $27.77 with a high forecast of $38.00 and a low forecast of $19.00.
Is Pinterest stock going to recover?
Pinterest's shares are down by -58.7% since late-October 2021, as Work-From-Home or WFH tailwinds eased. PINS' stock price could see a minor rebound as it experiences accelerating revenue growth in 2H 2022, but returning to the $50 level might be very challenging.
Is PINS a buy now?
Right now, PINS stock is not a buy.
Is PINS a buy hold or sell?
Pinterest has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 5 buy ratings, 20 hold ratings, and no sell ratings.
What will PINS be worth in 5 years?
According to the latest long-term forecast, Pinterest price will hit $30 by the middle of 2023 and then $50 by the end of 2024. Pinterest will rise to $60 within the year of 2025, $70 in 2026, $80 in 2027, $90 in 2029 and $100 in 2032.
Is PINS a good long-term stock?
Pinterest has a massive market opportunity, and is making great strides in profitability and selling at a bargain price. For those reasons, Pinterest is an excellent stock for long-term investors.
What is the forecast for PINS stock?
Pinterest Inc (NYSE:PINS) The 27 analysts offering 12-month price forecasts for Pinterest Inc have a median target of 28.00, with a high estimate of 39.00 and a low estimate of 15.00. The median estimate represents a +42.78% increase from the last price of 19.61.
Does Pinterest have a future?
This translates into 2024 revenues of $6.81 billion. In 2021, Pinterest had an operating profit of $326.2 million on $2.6 billion in sales while spending $780.3 million on R&D. The million-dollar question for investors is whether all of these features and initiatives can get ARPU to $15.81 by the end of 2024.
Should I buy Pinterest right now?
Pinterest has been increasing earnings per share (EPS) rapidly -- up 159% and 189% year over year in the latest two quarters. In all, the company has achieved six straight quarters of year-over-year EPS increases. So despite the headwinds caused by the economic reopening, Pinterest looks like a buy right now.
Is Pinterest stock a Buy, Sell or Hold?
Pinterest stock has received a consensus rating of hold. The average rating score is and is based on 35 buy ratings, 42 hold ratings, and 0 sell ra...
What was the 52-week low for Pinterest stock?
The low in the last 52 weeks of Pinterest stock was 16.14. According to the current price, Pinterest is 119.21% away from the 52-week low.
What was the 52-week high for Pinterest stock?
The high in the last 52 weeks of Pinterest stock was 81.75. According to the current price, Pinterest is 23.54% away from the 52-week high.
What are analysts forecasts for Pinterest stock?
The 77 analysts offering price forecasts for Pinterest have a median target of 56.32, with a high estimate of 104.00 and a low estimate of 21.00. T...
Should I buy or sell Pinterest stock right now?
25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pinterest in the last year. There are currently 20 hold...
What is Pinterest's stock price forecast for 2022?
25 analysts have issued 12 month price targets for Pinterest's shares. Their forecasts range from $20.00 to $65.00. On average, they expect Pintere...
How has Pinterest's stock performed in 2022?
Pinterest's stock was trading at $36.35 at the beginning of 2022. Since then, PINS stock has decreased by 47.1% and is now trading at $19.24. View...
Are investors shorting Pinterest?
Pinterest saw a increase in short interest in May. As of May 31st, there was short interest totaling 47,900,000 shares, an increase of 33.8% from t...
When is Pinterest's next earnings date?
Pinterest is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022. View our earnings forecast for Pinterest .
How were Pinterest's earnings last quarter?
Pinterest, Inc. (NYSE:PINS) posted its quarterly earnings data on Wednesday, April, 27th. The company reported ($0.01) earnings per share for the q...
Who are Pinterest's key executives?
Pinterest's management team includes the following people: Mr. Benjamin Silbermann , Chairman, Co-Founder, Pres & CEO (Age 39, Pay $199.1k) Mr....
What is Ben Silbermann's approval rating as Pinterest's CEO?
217 employees have rated Pinterest CEO Ben Silbermann on Glassdoor.com . Ben Silbermann has an approval rating of 91% among Pinterest's employees....
Who are some of Pinterest's key competitors?
Some companies that are related to Pinterest include Baidu (BIDU) , Zoom Video Communications (ZM) , Twitter (TWTR) , Trade Desk (TTD) , Match...
Where does Pinterest trade?
Pinterest trades on the New York Stock Exchange (NYSE) under the ticker symbol "PINS."
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.
How much did Pinterest profit in 2020?
It is a company that definitely profited from 2020, with a surge of new users reaching 100 million during the year.
Is Pinterest allowing weight loss ads?
Pinterest Inc 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 a growth stock?
If growth stocks are what tickle your fancy, social media platform Pinterest (NYSE: PINS) is your ticket to doubling your initial investment. Pinterest's platform, which allows users to share what things, services, and places interest them, was one of these key beneficiaries. The company's monthly active user count grew by 37% in 2020, which was up from an annual average of 30% in the three years leading up to the pandemic.
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.
What does it mean when a stock dips to $40?
The company is generating profits and monetizing the platform. If you already own the stock, the dip in the $40s is a chance to add to your position.
Is there a correlation between the growth of earnings and stock price?
There is a correlation between the growth of earnings and stock price.
Is Pinterest spending money?
Pinterest is testing different features on the platform and is spending money on the global market. This will have an impact on the bottom line but it could be temporary.
Is pins stock a buy?
PINS stock is a buy in the dip and I believe the third-quarter results will take it further down. Although I do not have a crystal ball, I certainly believe that it has the potential to perform over the long term.
Strong Fundamentals
Pinterest reported revenue of $847 million with adjusted earnings of 49 cents a share. Revenue rose 20% from the same quarter last year. On top of that, the company managed to reach the first full year of profitability under GAAP, which is noteworthy.
The Bottom Line on PINS Stock
Several analysts are bullish on PINS stock . Brad Erickson, RBC Capital analyst, has a price target of $34 with a “sector perform” rating. The analyst stated that the results were “better than feared.” Further, UBS analyst Lloyd Walmsley has a price target of $35 with a “neutral” rating after the shares beat the fourth-quarter earnings beat.
