Pinterest is in a flexible cash position, after all, with over $2.5 billion of cash on the books and positive cash flow of $333 million over the last six months. And in the current macroeconomic environment, Wall Street doesn't have much patience for businesses that are booking losses - even if their top lines are growing.īut the losses are modest and are being driven by management's spending on promising growth initiatives like greater shopping integration and the use of AI to populate users' feeds. Its operating loss was 5% of sales in the second quarter compared to a 12% profit a year earlier. The average Pinterest price target of 26.32. ![]() That's based on eight Buys and 13 Holds assigned in the past three months. The firm’s 50-day simple moving average is 23.38 and its 200-day simple moving average is 21.68. The main factor pressuring the stock today is that Pinterest is now posting losses rather than generating steady profits. The 27 analysts offering 12-month price forecasts for Pinterest Inc have a median target of 25.30, with a high estimate of 35.00 and a. Turning to Wall Street, Pinterest has a Moderate Buy consensus rating. Shares of PINS stock opened at 23.07 on Tuesday. "We continue to make Pinterest the home for personalized, taste-driven shopping," CEO Bill Ready said in the Q2 letter to shareholders. These successes came despite falling demand for advertising in many markets and were powered by improvements to its shopping platform. Average revenue per user grew 17% across the business and jumped 20% in the U.S. Volume 13,017,515 Market Cap 16.60 B Dividend 0.00 ( 0.00) Beta 1.00 Key Earnings Data Earnings ESP. And Pinterest's monetization metrics are impressive. Stock Activity Open 24.31 Day Low 22.75 Day High 24.45 52 Wk Low 16.14 52 Wk High 66.00 Avg. Yet, its user base of 433 million is still far higher than it was prior to the pandemic. ![]() The company is shedding users, too, and advertising spending on the platform is slowing. While sales grew 10% in the second quarter, that expansion pace was much slower than shareholders had seen recently. Historical Quotes Analyst Estimates Options Key Data Open 21.11 Day Range 20.53 - 21.49 52 Week Range 16.14 - 66.00 Market Cap 14.3B Shares Outstanding 582.88M Public Float 574.59M Beta 1.58 Rev. Pinterest's last earnings update was a mixed bag. With that big picture in mind, let's look at how attractive the stock is as a buy right now. And its new CEO has some ambitious plans to expand the business over the next several years. Falling demand for digital advertising as businesses fear a recession might be in the cards is putting pressure on the social media company and contributing to its net losses.īut in the wake of the soaring growth that it enjoyed during the earlier phases of the pandemic, Pinterest isn't enduring as severe of a growth hangover as some of its peers. ![]() Wall Street isn't sure what to make of Pinterest ( PINS -2.98%) stock these days.
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