Streetbeat News

PINS

Pinterest, Inc.

https://www.pinterest.com

Industry

Internet Content & Information

Pinterest, Inc. operates as a visual discovery engine in the United States and internationally. The company's engine allows people to find inspiration for their lives, including recipes, style and home inspiration, DIY, and others; and provides video, product, and idea pins. It shows visual machine learning recommendations based on pinners taste and interests. The company was formerly known as Cold Brew Labs Inc. and changed its name to Pinterest, Inc. in April 2012. Pinterest, Inc. was incorporated in 2008 and is headquartered in San Francisco, California.

Open

29.10

Mkt cap

19B

Volume

15M

High

29.11

P/E Ratio

88.25

52-wk high

45.19

Low

28.04

Div yield

N/A

52-wk low

27.00

Pinterest and VTEX have announced a partnership to expand social commerce, allowing consumer brands to reach Pinterest's high-intent audience and make their products available for purchase.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 12:07 pm

TikTok, owned by ByteDance, has paused its e-commerce expansion into Europe to focus on the U.S. market. The company halted plans to roll out shopping features from Spain to Italy.

Portfolio Pulse from Charles Gross

May 31, 2024 | 10:43 am

Elon Musk has advised parents to limit the amount of time their children spend on social media. This statement could impact companies like Meta Platforms (META), Pinterest (PINS), and Snap Inc. (SNAP) as they are major players in the social media space.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:28 pm

In the last three months, 15 analysts have published ratings on Pinterest (NYSE:PINS), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased to $46.4, reflecting a 5.96% rise from the previous average. Several analysts have raised their price targets, indicating positive expectations for Pinterest's future performance.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 3:00 pm

Piper Sandler analyst Thomas Champion has reiterated an Overweight rating on Pinterest (NYSE:PINS) and raised the price target from $50 to $52.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:33 pm

The Nasdaq 100 fell slightly on Friday, with investors focusing on notable insider trades. Insiders from Apple, Snap, Williams-Sonoma, and Pinterest sold significant shares. Insider sales can indicate concerns about company prospects or overvaluation.

Portfolio Pulse from Avi Kapoor

May 20, 2024 | 12:04 pm

Five tech and telecom stocks in the communication services sector, including Bilibili Inc. (BILI), Sea Limited (SE), Bumble Inc. (BMBL), Pinterest, Inc. (PINS), and Tencent Music Entertainment Group (TME), are showing overbought signals with RSI values above 70. These stocks have seen significant price increases recently, which may indicate a potential short-term decline.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 12:29 pm

Analysts from Piper Sandler and KeyBanc reiterated their Overweight ratings on Snowflake Inc (NYSE:SNOW) despite concerns about the adoption of Iceberg tables. The analysts noted that Iceberg adoption is still in its early stages and that broader enterprise adoption could be further out. They projected first-quarter revenue and EPS for Snowflake and highlighted positive usage trends and new product launches as potential growth drivers.

Portfolio Pulse from Anusuya Lahiri

May 16, 2024 | 5:47 pm

Frank McCourt is organizing a bid to acquire TikTok's U.S. operations, as reported by the Wall Street Journal. This move could have significant implications for social media companies and ETFs with exposure to the tech sector.

Portfolio Pulse from Charles Gross

May 15, 2024 | 9:28 am

The article discusses the growing investor interest in Pinterest, highlighting the reasons behind this shift in perception. It suggests that Pinterest's strategic moves, financial performance, or market position may have contributed to this newfound attention from the investment community.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 7:43 pm

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