Pinterest, Inc. engages in pinboard-style photo-sharing website operations. It allows users to create and manage theme-based image collections such as events, interests, and hobbies. The company was founded by Benjamin Silbermann, Paul C. Sciarra and Evan Sharp on July 1, 2009 and is headquartered in San Francisco, CA.
Now that was how an IPO should function and trade. Of course Zoom is the one making headlines because of the 80% gain nobody made during actual trading other than friends of the firms who worked the IPO.
Got an alert set on this one at $24 (basically opening day IPO price) just to see where this ends up if it gets there. Looks like it's tried to go lower a few times and not made it through.
Analyst estimates accelerating revenue growth $380M for Q3, last year was $279M. Through the first month (July) PINS reported they were 50% ahead of last year's pace. One of the few that aren't rolling over the 50 sma right now.
yet another good quarter. damn, time flies! edit: as you were, snap reported earnings, not pins. anyway, time still flies.
this is not consultation or advice. All Indicator lines used as dynamic support and resistance, that change reliance on the price and time. When the price reach and meet one of the indicator, the trend stop, and new trend begin. the system show the next price target at high probability(no 100%). PINS: As long as the price above the EMA, the trend is bullish.
Pinterest Stock Rallies on Report Microsoft Approached About Potential Acquisition -- Barrons.com 11:06 am ET February 11, 2021 (Dow Jones) Print By Eric J. Savitz Pinterest shares are trading higher in response to a Financial Times report that Microsoft has expressed interest in buying the social media company, though the newspaper also said talks weren't currently active. Microsoft owns the professional network LinkedIn, which it acquired for $26 billon in 2016, but the software giant has no exposure to consumer-focused social networking. The company's offer last year to acquire TikTok from ByteDance was rejected in favor of an offer from Oracle and Walmart. That deal now appears in doubt. Neither Microsoft nor Pinterest (PINS), known for its popularity among hobbyists, immediately responded to requests for comment. The FT article, attributed to "people briefed on the matter," said both declined to comment. Pinterest shares have rallied about 350% since the end of 2019. The company now sports a market capitalization of $53 billion. The stock was up 4.2%, to $84.55 on Thursday morning, while the S&P 500 had gained 0.3%. An acquisition of Pinterest would easily be the largest Microsoft acquisition to date. It would rank as one of the biggest ever in the technology sector, rivaling the $67 billion acquisition of EMC by Dell in 2015. Last week, Pinterest posted fourth-quarter revenue of $706 million, up 76% from a year earlier and well above the Wall Street consensus forecast of $646 million. Adjusted earnings before interest, taxes, depreciation, and amortization were $299 million, above the $224 million Wall Street analysts had expected. Adjusted earnings, not presented according to generally accepted accounting principles, were $294.3 million, up 283%, for a total of 43 cents a share. Wall Street had expected non-GAAP EPS of 34 cents a share. Wall Street analysts project Pinterest will report revenue this year of $2.5 billion, and non-GAAP profits of 83 cents a share. Write to Eric J. Savitz at eric.savitz@barrons.com (END) Dow Jones Newswires February 11, 2021 11:06 ET (16:06 GMT)
