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

34.16

Mkt cap

23B

Volume

19M

High

34.65

P/E Ratio

117.00

52-wk high

45.19

Low

33.91

Div yield

N/A

52-wk low

27.00

Shares of social media stocks, including Pinterest (PINS) and Snap Inc. (SNAP), are trading lower due to overall weakness in tech-related sectors, which is attributed to rising yields.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 5:37 pm

Insiders at Zscaler, Inc. (ZS), Ciena Corporation (CIEN), Pinterest, Inc. (PINS), and HP Inc. (HPQ) have recently sold shares. Zscaler's COO sold 22,000 shares, Ciena's CEO sold 4,166 shares, Pinterest's Director sold 7,500 shares, and HP's CFO sold 4,165 shares. The reasons for these sales are not clear, but they could be due to preplanned sales or concerns about the companies' prospects.

Portfolio Pulse from Lisa Levin

September 06, 2023 | 12:19 pm

Goldman Sachs has revealed a list of 50 stocks that are expected to see substantial long-term growth due to the adoption of artificial intelligence (AI). The list includes companies from the Russell 1000 index that are expected to benefit significantly from AI integration. The bank's analysis suggests that the median stock in their basket could see a 72% increase in earnings per share (EPS) following widespread AI adoption, compared to a 19% rise for the median stock in the Russell 1000 index.

Portfolio Pulse from Piero Cingari

August 22, 2023 | 4:02 pm

RBC Capital analyst Brad Erickson has reiterated a 'Sector Perform' rating on Pinterest (NYSE:PINS) and maintained a $30 price target.

Portfolio Pulse from richadhand@benzinga.com

August 22, 2023 | 12:01 pm

Wedbush analyst Ygal Arounian has initiated coverage on Pinterest (NYSE:PINS) with a Neutral rating and a price target of $30.

Portfolio Pulse from richadhand@benzinga.com

August 22, 2023 | 8:10 am

Piper Sandler has reiterated its overweight rating and $35 price target on Pinterest following the news of Amazon sponsored product ads. This suggests that Piper Sandler sees potential growth for Pinterest, possibly due to the expected increase in ad revenue from Amazon's sponsored product ads.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 6:22 pm

Traders are circulating a Twitter post suggesting that Pinterest and Buzzfeed will start displaying Amazon sponsored product ads. This could potentially increase Amazon's product visibility and sales.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 3:58 pm

Benzinga's options activity scanner has identified significant trading activity in 10 communication services stocks. The stocks include AMC, GOOG, META, RBLX, CMCSA, DISH, NFLX, PINS, TTWO, and TTD. The options activity ranges from bullish to bearish and neutral sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 5:35 pm

Insiders at Kinder Morgan (KMI), Unum Group (UNM), Pinterest (PINS), and McKesson (MCK) have recently sold significant amounts of shares. Kinder Morgan's VP sold shares following weaker-than-expected Q2 sales. Unum Group's EVP sold shares after the company reported better-than-expected Q2 results. Pinterest's former CFO sold shares after the company reported a 6% YoY increase in Q2 revenue. McKesson's CEO sold shares following upbeat quarterly results.

Portfolio Pulse from Lisa Levin

August 08, 2023 | 12:20 pm

Pinterest's Q2 revenue rose 6% YoY to $708 million, beating estimates, but expenses also grew 11% YoY to $781 million. The company signed a multi-year deal with Amazon to feature third-party ads, which is progressing faster than anticipated. Meanwhile, Meta Platforms reported a return to double-digit revenue growth, while Snap's shares fell over 17% due to poor guidance and declining sales.

Portfolio Pulse from Upwallstreet

August 07, 2023 | 2:25 pm

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