10/31/2022 0 Comments Pins earnings![]() ![]() Joining me today on the call are Ben Silbermann, Pinterest President and CEO and Todd Morgenfeld, our Chief Financial Officer and Head of Business Operations. I’m Neil Doshi, Head of Investor Relations for Pinterest. Welcome to Pinterest’s earnings call for the first quarter ended March 31, 2022. Good afternoon and thank you for joining us. I would now like to pass the conference over to our host, Neil Doshi, Head of Investor Relations with Pinterest. My name is Bethany and I’ll be your moderator for today’s call. Thank you for attending today’s Pinterest First Quarter 2022 Earnings Call. Rich Greenfield - LightShed Partners - Analystīrian Fitzgerald - Wells Fargo Securities - Analyst Presentation: Todd Morgenfeld - Chief Financial Officer Analysts: 27, 2022 Corporate Participants:īenjamin Silbermann - President and Chief Executive Officer ( NYSE: PINS) Q1 2022 earnings call dated Apr. Reaching the average price target will result in a decline of -1.29% from current levels.Pinterest Inc. Based on these targets, PINS could surge 36.99% to reach the target high and fall by -37.38% to reach the target low. ![]() With PINS analysts setting a high price target of $35.00 and a low target of $16.00, the average target price over the next 12 months is $25.22. In the same way, a target price assigned to a stock can also reveal much about its potential. Of the remaining analysts, 22 believe that the stock is worth HOLDING, 3 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. There are 7 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PINS since 33 analysts follow the stock currently. Oakmark Fund holds 2.61% of the stake in PINS, owning 15,000,000 shares worth 292.2 million. The Vanguard Total Stock Market Index, which owns about 2.97% of PINS stock, is the second-largest Mutual Fund holder. A total of 18,091,467 shares are owned by the mutual fund manager. With a 3.15% stake in PINS, the Flossbach von Storch – Multiple O is the largest stakeholder. Harris Associates LP is the third largest shareholder in PINS, holding 29,752,136 shares or 5.18% stake. A second-largest stockholder of PINS, Flossbach von Storch AG, holds 32,826,820 shares, controlling over 5.71% of the firm’s shares. As the largest shareholder in PINS with 8.72% of the stake, The Vanguard Group, Inc. Shares owned by individuals account for 3.09%. Other institutions hold 44.92% of PINS, in contrast to 41.34% held by mutual funds. Through their ownership of 80.34% of PINS’s outstanding shares, institutional investors have majority control over the company. Evan Sharp serves as its Co-Founder, Advisor & Director. Benjamin Silbermann as the firm’s Co-Founder & Exec. On Jul 14, 2022, short shares totaled 45.86 million, which was 6.91% higher than short shares on Jun 14, 2022. Float and Shares Shorts:Īt present, 662.24 million PINS shares are outstanding with a float of 578.26 million shares on hand for trading. EPS is expected to decline by -5.20% annually over the next five years however, over the past five years, the company experienced an annual growth rate of 28.40%. This implies an EPS growth rate of 338.50% for this year and 34.28% for next year. For the next quarter, that number is 0.06. A look at the trailing 12-month EPS for PINS yields 0.37 with Next year EPS estimates of 0.76. ![]() The stock lost -53.65% in the past year, while it has lost -29.71% so far this year. Three-month performance surged to 26.17% while six-month performance rose 6.81%. The price performance of PINS was up-trending over the past week, with a rise of 12.36%, but this was up by 11.57% over a month. Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. Sponsored Price Performance and Earnings: PINS EARNINGS FREESign up here to get your free report now. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest. While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. ![]()
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