Pinterest stock dropped 13.0% after publication of latest quarterly results, however moods reversed after the board indicated on the earnings call that it is expecting margins to grow this year, most likely due to cost-cutting measures.ĬEO Bill Ready said the company is “staying focused on growing monetization per user, integrating shopping throughout the core user experience, and increasingly driving operational rigor. Meanwhile analysts were expecting an increase of 6.9%, to $614.5 million.Ĭompany authorized a stock repurchase program of up to $500 million of its Class A common stock. Source: Barchartįor the Q1 20232 Pinterest forecasts revenue to increase in the "low single digits" compared to last year, "which takes into account slightly lower foreign exchange headwinds than Q4 2022”. In Q4 the company added 19 million monthly active users, translating to a 4.4% growth year on year.
The average revenue per user (ARPU) was $1.96, below analysts’ projections of $1.98. Monthly average users (MAU) jumped by 4.4% YoY to 450 million, slightly below the consensus projection of 451 million.Įurope delivered higher-than-expected MAUs while North America and the Rest of the World missed estimates.
Pinterest stock price target download#
The Zhitong Finance App learned that after thoroughly studying the partnership between Pinterest (PINS.US) and Amazon (AMZN.US), Piper Sandler analyst Thomas Champion reiterated Pinterest's “increase” rating, with a target price of 31 US dollars.Start investing today or test a free demo Open real account Try demo Download mobile app Download mobile app Piper Sandler: Cooperation with Amazon (AMZN.US) promotes a “win-win” and reaffirms Pinterest (PINS.US) “increase” rating The company's stock saw a double-digit share price rise of over 10% in the past couple of months on the NYSE. Today we're going to take a look at the well-established Pinterest, Inc. Is Now An Opportune Moment To Examine Pinterest, Inc. When an insider's shareholding changes, depending on different circumstances, it is necessary at a certain time after the transaction ends Image source: SEC's official website What is a shareholding change statement? The SEC requires insiders of listed companies to publicly disclose their securities transactions and shareholding. The director of Pinterest (PINS.US) sold 5,000 shares of common stock worth approximately US$118,700Īccording to reports on June 6, according to documents disclosed by the US Securities and Exchange Commission (SEC) on June 5, $Pinterest (PINS.US) $ director JORDAN JEFPREY D sold 5,000 common shares at an average price of 23.74 US dollars per share on June 1, worth about 118,700 US dollars. When insiders sell shares, it indicates their concern in the company' Investors, meanwhile, focused on some notable insider trades. The S&P 500 closed lower on Monday, after recording gains last week. Microsoft, Pinterest And 2 Other Stocks Insiders Are Selling This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scan Thursday's Top Analyst Upgrades and Downgrades: Amazon, Lyft, Macy's, Meta, Pinterest, Snap, T-Mobile, Uber and Moreġ0 Communication Services Stocks With Whale Alerts In Today's Session Wells Fargo analyst Brian Fitzgerald initiates coverage on Pinterest with a Equal-Weight rating and announces Price Target of $23. Wells Fargo Initiates Coverage On Pinterest With Equal-Weight Rating, Announces Price Target of $23 Pinterest Initiated at Equal-Weight by Wells Fargo
Pinterest Price Target Announced at $23.00/Share by Wells Fargo Large and mid-cap tech companies, specifically shares of Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Meta Platforms Inc (NASDAQ:META), Pinterest Inc (NASDAQ:PINS), and Snap Inc (NYSE:SNAP) are under th Alphabet, Meta, Pinterest, And Snap Shares Catch Attention As New Coverage Initiated By Analysts
0 kommentar(er)
