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Pinterest (PINS) Stock Slides as Market Rises: Facts to Know Before You Trade
Zacks Investment Research· 2024-03-02 08:01
In the latest market close, Pinterest (PINS) reached $36.40, with a -0.82% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.8%. Meanwhile, the Dow experienced a rise of 0.23%, and the technology-dominated Nasdaq saw an increase of 1.14%. The digital pinboard and shopping tool company's stock has dropped by 2.34% in the past month, falling short of the Computer and Technology sector's gain of 5.97% and the S&P 500's gain of 5.2%. Investors will be eager ...
Investors Heavily Search Pinterest, Inc. (PINS): Here is What You Need to Know
Zacks Investment Research· 2024-02-29 23:01
Pinterest (PINS) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Shares of this digital pinboard and shopping tool company have returned -3.6% over the past month versus the Zacks S&P 500 composite's +3.9% change. The Zacks Internet - Software industry, to which Pinterest belongs, has gained 11.7% over this period. Now the key question is: Where could the stock be headed in the ...
Is Pinterest (PINS) a Buy as Wall Street Analysts Look Optimistic?
Zacks Investment Research· 2024-02-28 23:31
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Pinterest (PINS) . Pinterest currently has an average brokerage ...
Thinking long-term? Don't lose interest in Pinterest
MarketBeat· 2024-02-27 20:16
Key Points Pinterest is a drama-free social commerce platform for consumers looking to discover inspirational ideas and products about fashion, cooking, crafts, hobbies and lifestyles. Global monthly active users (MAUs) surged 10% to 498 million. Pinterest developed its first-ever live-streaming TV series called "Deliciously Entertaining" to air on the Tastemade streaming channel on February 23. 5 stocks we like better than Alphabet Pinterest Inc. NYSE: PINS stock suffered a 12% sell-off on its Q4 2023 earn ...
Exit Now! 3 Social Media Stocks to Sell in February 2024
InvestorPlace· 2024-02-24 06:27
Social media stocks can come and go just as fast as the memes their platforms support. While the early days of social media stocks provided potential for huge growth akin to the dot-com bubble, many of these publicly traded companies are now faltering thanks to expanded regulatory action, increased competition and dwindling customer demand. The once-trendy darlings of the market are now experiencing a shift in sentiment, as the risks associated with these stocks loom larger than ever. Investors holding posi ...
Reddit files for biggest social media IPO since Pinterest
Proactive Investors· 2024-02-23 17:30
Reddit首次公开募股 - Reddit正式提交了在美国进行首次公开募股的文件[1] - Reddit在提交给证券交易委员会的S-1文件中宣称拥有超过10万个社区、7300万日活跃用户和10亿累计帖子[2] - Reddit的首次公开募股预计将是自2019年Pinterest上市以来社交媒体公司最大的IPO,尽管S-1文件没有披露发行价格[3] - Reddit表示,此次公开发行的主要目的是增加公司的资本和财务灵活性,为其A类普通股创造一个公开市场,并为卖方股东提供股份的有序分配[4]
Pinterest to Participate at the Morgan Stanley Technology, Media & Telecom Conference
Businesswire· 2024-02-22 05:06
SAN FRANCISCO--(BUSINESS WIRE)--Pinterest, Inc. (NYSE: PINS) announced today that Bill Ready, CEO, will participate in the Morgan Stanley Technology, Media & Telecom Conference. The session is scheduled for March 6th, 2024 at 7:15 a.m. PST / 10:15 a.m. EST. A live webcast and replay of the presentation will be publicly available on Pinterest’s Investor Relations website at investor.pinterestinc.com. Disclosure Information Pinterest uses and intends to continue to use its Investor Relations website as a mean ...
Pinterest (PINS) Q4 Earnings Beat Estimates on Higher Revenues
Zacks Investment Research· 2024-02-10 00:31
Pinterest, Inc. (PINS) reported mixed fourth-quarter 2023 results, with the bottom line surpassing the Zacks Consensus Estimate but the top line missing the same. The San Francisco-based Internet content provider reported revenue growth year over year, driven by strong momentum in all regions. Management’s focus on improving shoppability and monetization potential across the platform and the incorporation of advanced AI-integrated tools to support advertisers and retailers led to top-line growth. However, c ...
Here's Why Pinterest Stock Plunged Today
The Motley Fool· 2024-02-09 23:54
Shares of image-browsing platform Pinterest (PINS -10.57%) plunged on Friday following its financial report for the fourth quarter of 2023. Pinterest stock was down 11% as of 10 a.m. ET, which is a big drop. But the market frankly doesn't appear to know how to react to its Q4 report. Shares had bounced all over the place in after-hours trading, from close to flat to down almost 30%. Why is the market conflicted? On one hand, Pinterest's Q4 growth and guidance for the upcoming first quarter of 2024 were belo ...
Pinterest Stock Rally Halted After Earnings
Schaeffers Research· 2024-02-09 23:44
Pinterest Inc (NYSE:PINS) stock is plummeting this morning, down 10.3% to trade at $36.52 following a disappointing forecast from the social media company. Pinterest said first-quarter revenue will fall between $690 million and $705 million, with the middle of that range falling well below the average analyst estimate. And while the company beat on fourth-quarter earnings expectations, it fell short of revenue estimates. Puts are outpacing calls at an alarming rate following the report. So far, just 32,000 ...