Within its last year performance, PINS rose by 43.65%, with highs and lows ranging from $41.60 to $20.60, whereas the simple moving average jumped by 20.47% in the last 200 days.
On January 18, 2024, Argus Upgraded Pinterest Inc (NYSE: PINS) to Buy. A report published by BMO Capital Markets on January 09, 2024, Initiated its previous ‘Outperform’ rating for PINS. Raymond James also rated PINS shares as ‘Outperform’, setting a target price of $45 on the company’s shares in an initiating report dated December 20, 2023. RBC Capital Mkts December 11, 2023d the rating to Outperform on December 11, 2023, and set its price target from $32 to $46. Jefferies November 30, 2023d its ‘Hold’ rating to ‘Buy’ for PINS, as published in its report on November 30, 2023. New Street’s report from November 27, 2023 suggests a price prediction of $48 for PINS shares, giving the stock a ‘Buy’ rating. BofA Securities also rated the stock as ‘Buy’.
Analysis of Pinterest Inc (PINS)
Further, the quarter-over-quarter increase in sales is 11.86%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Pinterest Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -1.12% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 10.53, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and PINS is recording an average volume of 10.11M. On a monthly basis, the volatility of the stock is set at 3.34%, whereas on a weekly basis, it is put at 2.45%, with a gain of 2.85% over the past seven days. Furthermore, long-term investors anticipate a median target price of $43.03, showing growth from the present price of $36.40, which can serve as yet another indication of whether PINS is worth investing in or should be passed over.
How Do You Analyze Pinterest Inc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 13.74%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 77.74% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PINS shares are owned by institutional investors to the tune of 77.74% at present.
