PINS Stock Summary and Trading Ideas (Pinterest Class A | NYSE:PINS)

Pinterest is an online product and idea discovery platform that helps users gather ideas on everything from cooking recipes to travel destinations. Founded in 2010, the platform consists of a largely female audience, which accounts for roughly two thirds of its nearly 500 million monthly active users. The company generates revenue by selling digital ads and is now rolling out more in-platform e-commerce features. About 20% of users reside in the US and Canada, but the region accounted for about 80% of revenue in 2023.

Pinterest Class A trades on the NYSE stock market under the symbol PINS.

As of April 18, 2024, PINS stock price climbed to $32.91 with 4,792,332 million shares trading.

PINS has a beta of 1.77, meaning it tends to be more sensitive to market movements. PINS has a correlation of 0.25 to the broad based SPY ETF.

PINS has a market cap of $22.46 billion. This is considered a Large Cap stock.

Last quarter Pinterest Class A reported $981 million in Revenue and $.53 earnings per share. This fell short of revenue expectation by $-8 million and exceeded earnings estimates by $.02.

In the last 3 years, PINS stock traded as high as $81.77 and as low as $16.14.

The top ETF exchange traded funds that PINS belongs to (by Net Assets): VTI, VO, VXF, VUG, VOT.

PINS has underperformed the market in the last year with a price return of +16.8% while the SPY ETF gained +22.2%. PINS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -11.3% and -5.1%, respectively, while the SPY returned +5.2% and -2.6%, respectively.

PINS support price is $32.05 and resistance is $33.49 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PINS stock will trade within this expected range on the day.