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Saturday, December 9, 2023

Investors’ Patience Is Being Tested Right Now By Pinterest Inc (NYSE: PINS)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Pinterest Inc (PINS) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.08, or -0.26%, to $30.84. The Pinterest Inc has recorded 261,007 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Pinterest Announces Third Quarter 2023 Results, Delivers Strong Revenue Growth and Continued Margin Expansion.

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Stocks Info

Pinterest Inc is listed on the NYSE as a member of the Communication Services sector and is a part of the Internet Content & Information industry. At the end of the last regular session, the stock closed at $30.92 and fluctuated between $31.14 as its day high and $30.32 as its day low. The current market capitalization of Pinterest Inc is $20.71B. A total of 9.93 million shares were traded on the day, compared to an average of 10.96M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, PINS has seen 1 BUY and 12 SELL insider trades, representing the acquisition of 15,558 and the disposition of 239,848 shares. Over the last 12 months, there were 58 BUYs and 114 SELLs from insiders. Insiders purchased 7,925,158 shares during that period but sold 7,564,234.

In the most recent transaction, JORDAN JEFFREY D sold 2,500 shares of PINS for 30.00 per share on Nov 01. After the transaction, the Director now owns 134,215 company shares. In a previous transaction on Oct 18, Rajaram Gokul sold 1,934 shares at 27.46 per share. PINS shares that Director owns now total 50,986.

Among the insiders who sold shares, Deputy Christine disposed of 45,151 shares on Oct 16 at a per-share price of $26.68. This resulted in the Chief People Officer holding 263,783 shares of PINS after the transaction. In another insider transaction, Gavini Naveen sold 9,597 shares at $28.08 per share on Oct 12. Company shares held by the Former SVP, Products now total 179,708.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for PINS in the last 3 months, the mean price target is $34.92 with high estimates of $45.00 and low estimates of $25.00. In terms of 52-week highs and lows, PINS has a high of $31.36 and a low of $20.60.

As of this writing, PINS has an earnings estimate of $0.2 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $0.23 per share and a lower estimate of $0.14. The company reported an EPS of $0.08 in the last quarter, which was 700.00% higher than expectations of $0.01.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. PINS’s latest balance sheet shows that the firm has $2.48B in Cash & Short Term Investments as of fiscal 2021. There were $209.18M in debt and $259.81M in liabilities at the time. Its Book Value Per Share was $4.17, while its Total Shareholder’s Equity was $3.04B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PINS is Buy with a score of 4.33.

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