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

Piper Sandler analyst Thomas Champion maintains an Overweight rating on Pinterest (NYSE:PINS) but lowers the price target from $52 to $45.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:21 am

Pinterest shares are trading lower after the company issued Q3 revenue guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 10:09 am

Pinterest Inc (NYSE:PINS) reported Q2 earnings with revenue and EPS beating estimates, but weak Q3 guidance led to a 13.01% drop in share price after hours.

Portfolio Pulse from Adam Eckert

July 30, 2024 | 8:40 pm

Pinterest shares are trading lower after the company issued Q3 revenue guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:12 pm

Pinterest has provided its Q3 2024 revenue guidance, estimating between $885 million and $900 million, which is lower than the $907.7 million it saw previously.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:11 pm

Pinterest (NYSE:PINS) reported Q2 2024 earnings per share of $0.29, surpassing the analyst estimate of $0.28. The company also reported sales of $854.00 million, exceeding the estimate of $847.81 million. This represents a 20.62% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:08 pm

Tech stocks experienced a significant drop ahead of key earnings reports and the Federal Open Market Committee meeting. Nvidia fell over 6%, impacting the semiconductor sector and the iShares Semiconductor ETF. CrowdStrike hit an 8-month low after Delta Air Lines sought compensation for an outage. Microsoft, Apple, Alphabet, and Meta also saw declines. The Nasdaq 100 dropped 1.5%, while the S&P 500 fell 0.8%. The iShares Russell 2000 ETF outperformed tech stocks. Treasury yields remained steady, and gold edged up.

Portfolio Pulse from Piero Cingari

July 30, 2024 | 5:43 pm

Pinterest Inc (NYSE:PINS) shares are trading higher as investors anticipate the company's second-quarter earnings report. Analysts expect EPS of 28 cents on revenue of $847.8 million. RBC analyst Brad Erickson reaffirmed an Outperform rating with a $52 price target, citing strong potential for monetization improvements and a partnership with Amazon.

Portfolio Pulse from Henry Khederian

July 30, 2024 | 3:29 pm

The House Cybersecurity Committee has decided to block and remove all ByteDance products, including TikTok, Capcut, Lemon8, Lark, and Hypic, from House devices starting August 15. The process will begin with mobile devices and will later include desktop versions.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:07 pm

Nasdaq and S&P futures rise as traders anticipate earnings from Microsoft and AMD, and the Federal Reserve's rate-setting meeting. Positive sentiment is driven by expectations of rate cuts in September. Key companies reporting earnings include Microsoft, AMD, and others. F5, Inc. jumps in premarket trading, while Rambus, Lattice Semiconductor, and others decline.

Portfolio Pulse from Shanthi Rexaline

July 30, 2024 | 11:27 am

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