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

Bank of America has highlighted key catalysts and stocks to watch in the second half of 2024, focusing on internet and e-commerce sectors. Major companies like Amazon, Alphabet, Meta Platforms, Pinterest, Wayfair, Uber, Vivid Seats, DoorDash, and Applovin are expected to see significant events that could impact their share prices.

Portfolio Pulse from Chris Katje

June 27, 2024 | 6:13 pm

The U.S. Supreme Court has ruled against a free speech challenge to the Biden administration's contacts with social media platforms. This decision could impact companies like Alphabet (GOOG, GOOGL), Meta Platforms (META), Pinterest (PINS), and Snap Inc. (SNAP).

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 2:03 pm

Pinterest has introduced a new feature allowing users to turn their boards into short videos for sharing on social media platforms like Instagram and TikTok. This move aims to cater to Gen Z's preference for video content and increase traffic back to Pinterest's app. The feature is expected to enhance user engagement and social sharing.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:04 pm

Wells Fargo analyst Ken Gawrelski maintains an Overweight rating on Pinterest (NYSE:PINS) and raises the price target from $48 to $49.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 2:29 pm

MoneyLion has appointed Jon Kaplan as its first Chief Revenue Officer. Kaplan has a strong background with experience at Pinterest and Google, which could drive growth and innovation at MoneyLion.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 1:12 pm

The Nasdaq 100 closed lower by over 50 points on Friday, with notable insider trades in companies like Applied Materials, Pinterest, Alphabet, and McDonald's. Insider sales can indicate concerns about a company's prospects or that the stock is overpriced. However, they should not be the sole basis for investment decisions.

Portfolio Pulse from Avi Kapoor

June 24, 2024 | 11:55 am

New York Governor Kathy Hochul announced the signing of a groundbreaking legislation aimed at combating addictive algorithms used by social media companies to protect young people. This move could impact companies like Meta (META), Pinterest (PINS), and Snap (SNAP).

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 6:10 pm

The Biden Administration has demanded that TikTok migrate its source code from China to the U.S. or another U.S. government-approved location. TikTok has stated that a U.S. ban is inevitable without a court order blocking the law. ByteDance claims that the Biden Administration has refused serious settlement talks on TikTok's fate since August 2022.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 5:25 pm

The U.S. Federal Trade Commission (FTC) has referred a complaint against TikTok to the Justice Department. This move could have significant implications for TikTok's operations in the U.S. and may impact competitors in the social media space.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 7:14 pm

Insiders from Nvidia, CrowdStrike, Workday, and Pinterest have recently sold shares. Insider sales can indicate concerns about company prospects or overvaluation. Notable sales include CrowdStrike's Chief Security Officer, Workday's 10% owner, Nvidia's President and CEO, and Pinterest's Chief Accounting Officer.

Portfolio Pulse from Avi Kapoor

June 18, 2024 | 12:40 pm

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