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How to Buy Pinterest Stock

Pinterest Inc

Pinterest, Inc. provides visual discovery engine in the United States and internationally.

Pinterest stock last closed at $35.99, up 1.55% from the previous day, and has increased 43.16% in one year. It has overperformed other stocks in the Internet Content & Information industry by 0.18 percentage points. Pinterest stock is currently +74.71% from its 52-week low of $20.60, and -13.49% from its 52-week high of $41.60.

There are currently 678.98M shares of PINS outstanding. The market cap of PINS is $24.44B. In the past 24 hours, 11.45M PINS shares were traded.

How to Buy Pinterest Stock

Wondering how to invest in Pinterest stock? Here's how.
  1. Choose where to buy Pinterest stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you decide where to buy Pinterest stock.
  2. Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Deposit funds into your brokerage account: Pick your payment method and add your details.
  4. Research Pinterest stock: The Pinterest ticker symbol is PINS. Is Pinterest stock a good investment? Should you buy shares of PINS? How do PINS's underlying business fundamentals look? Do top analysts think Pinterest is a good buy? Why has PINS's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if PINS is a good stock to buy).
  5. Place your PINS purchase: Decide if you will purchase PINS shares at the current market price or use a limit order to buy PINS shares at a particular price.
  6. Get updates on your PINS investment: Create a watchlist to track your position in Pinterest stock.

Step 1: Choose where to buy Pinterest stock

You need a brokerage account to access the NYSE market and buy PINS stock.

A brokerage account is an investment account that allows you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Open your brokerage account

Now that you've selected the best brokerage, you'll need to fill out some personal details so you are able to buy PINS today.

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  2. Provide your personal details to start your new brokerage account.
  1. Submit your details by clicking the "Create Account" button.
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Step 3: Deposit funds into your brokerage account

Now that you have finished signing up on a good online stock trading app, you can securely and quickly fund your account:

Watch the tutorial below if you need help depositing money into your brokerage account.

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Step 4: Research Pinterest stock

After you have chosen the best place to buy Pinterest stock, it's critical to research their stock before you buy, so you truly comprehend the risk and upside.

Overview of key PINS info

PINS Price
$35.99
1w %
-1.61%
1y %
43.16%
5y %
N/A
P/E
-719.8x
P/B
7.91x
P/S
7.95x
PEG
N/A
Revenue
$3.06B
Earnings
-$35.61M
Fore. Rev. Growth
16.33%
Fore. Earn. Growth
N/A
Market Cap
$24.44B
Next Earnings
N/A
Next Dividend
N/A

PINS Due Diligence Checks

WallStreetZen was built to help average investors perform more accurate fundamental analysis in minutes instead of hours.

You can see all of the due diligence checks on PINS's stock page.

What is the fair value of PINS stock?

Analysts use many financial metrics, analyses, models, and charts to gauge PINS's fair value.

Using relative valuations measures:

  • PINS may be overvalued based on its P/B ratio of 7.91x, relative to Internet Content & Information industry P/B ratio of 6.14x

You can do additional valuation research on PINS's stock here.

PINS Financial Health

Positive Financial Indicators:

  • PINS profit margin has gone up from -3.4% to -1.2% in the past year.
  • PINS's operating cash flow of $612.96M allows it to safely service it's debt of $160.62M.
  • There are more short-term assets than long-term liabilities on the PINS balance sheet.
  • PINS has a low debt to equity ratio of 0.16.
  • PINS earnings of -$121.88M is not sufficient to cover its interest payments.
  • There are more short-term assets than short-term liabilities on the PINS balance sheet.
  • Total PINS debt is lower than 5 years ago, relative to shareholder equity.

Do analysts think it's a good time to buy Pinterest stock

Out of 21 Equities analysts who give forecasts on PINS, the consensus analyst rating on Pinterest is a Strong Buy

It's important to note that analyst ratings are not recommendations, nor are they financial advice.

Most Recent PINS Analyst Forecasts

Barton Crockett, a top 12% analyst from Rosenblatt reiterates PINS with a strong buy rating and maintains their PINS price target from $45.00 to $45.00, on Feb 9, 2024.

Justin Patterson, a top 8% analyst from KeyBanc maintains PINS with a strong buy rating and raises their PINS price target from $37.00 to $45.00, on Feb 5, 2024.

KeyBanc's Justin Patterson raised their price target on Pinterest (NYSE: PINS) by 21.6% from $37 to $45 on 2024/02/05. The analyst maintained their Strong Buy rating on the stock.

With Pinterest set to report its Q4 and FY 2023 earnings on 2024/02/08, Patterson predicted "solid" quarterly results and that management would provide Y/Y revenue growth guidance of 15% to 17%.

The analyst explained that KeyBanc sees a robust retail/e-commerce and CPG (Consumer Packaged Goods) advertising market, as well as new product development and strategic alliances for Pinterest

Patterson noted that their firm expects "those positive trends" to last throughout 2024.

Footnotes

Yahoo Finance reports that the current consensus EPS estimate for Pinterest's Q1 is $0.51 which, if achieved, would represent a 75.9% increase over Q1 2023's $0.29.

Earnings Report

Pinterest reported:

For Q4 2023:

  • EPS of $0.53, which beat the Zacks Consensus Estimate of $0.51 and, by 82.8%, Q4 0222's $0.29.
  • Revenue of $981.26M, which missed the Zacks Consensus Estimate of $988.62M, but beat Q4 2022's $877.21M by 11.9%.

For FY 2023:

  • EPS of $1.09, up 75.8% from FY 2022's $0.62.
  • Revenue of $3.055B, up 9.1% from FY 2022's $2.8B.

For Q1 2024, management guided:

  • Revenue of $690M to $705M, representing 15% to 17% growth Y/Y.
  • Opex of $450M to $465M, up 9% to 3%Y/Y.

CEO Bill Ready commented: “We had a strong Q4, bookending a transformative year for Pinterest.

“2023 was our most productive year yet as we accelerated our product velocity and launched more solutions than ever before.

"Brands are responding by using our full suite of products to drive even better campaign performance.

"Pinterest is the rare business where the interests of users and advertisers are aligned.

"It’s proven to be true as we continue to post double-digit revenue growth and have achieved an all-time high for global MAUs [Monthly Active Users].

"The changes we made have set us up to be a stronger and more efficient company as we double down on our momentum in 2024.” 

Mark Mahaney, a top 2% analyst from Evercore ISI Group maintains PINS with a buy rating and raises their PINS price target from $45.00 to $50.00, on Jan 26, 2024.

Jim Kelleher, a top 6% analyst from Argus Research upgrades PINS to a strong buy rating and announces their PINS price target of $45.00, on Jan 18, 2024.

Mark Kelley, a top 1% analyst from Stifel Nicolaus maintains PINS with a strong buy rating and raises their PINS price target from $26.00 to $32.00, on Jan 9, 2024.

You can dive deeper into what analysts are projecting on the Pinterest stock forecast page.

Metrics for Advanced PINS Traders

SMA10
36.3
SMA20
37.59
SMA50
37.2
SMA100
33.49
SMA200
29.75
MACD
-0.44
MACD Signal
-0.04
MACD Histogram
-0.4
RSI
44.81
Stochastic %K
14.37
Stochastic %D
13.93
StochRSI %K
7.72
StochRSI %D
5.82

PINS Performance Numbers

Last year, PINS revenue was $3.06B. Over the past 5 year, PINS's revenue has increased by 32.22% per year. This was faster than the Internet Content & Information industry average of 19.48%.

You can analyze PINS's earnings and revenue performance here.

What are PINS executives and large shareholders up to?

Over the last year, executives and large shareholders at PINS have sold more shares than they have bought.

Gokul Rajaram, Director of PINS, was the latest PINS insider to sell. They sold $67,322.54 worth of PINS shares on Feb 21, 2024.

Dig into more about who owns PINS shares here.

Can I rely on PINS as an income stream?

No, Pinterest doesn't provide an income stream by paying out dividends.

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Step 5: Place your PINS purchase

There are two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are generally the best for newer investors.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at a specific dollar amount limit, use a limit order.

Hit the Open Trade button and your broker will place the order.

If you require additional help investing in stocks on eToro, click the helpful video below:

Open eToro Account

Step 6: Get updates on your PINS investment

Now that you own some PINS shares, you'll want to keep up with your new stock purchase.

Make a watchlist to track the latest developments regarding your PINS stock.

PINS Feed

How to Buy Stock in Pinterest

To summarize, here are the 6 steps for buying Pinterest stock:

  1. Choose where to buy Pinterest stock
  2. Open your brokerage account
  3. Deposit funds into your brokerage account
  4. Research Pinterest stock
  5. Place your PINS purchase
  6. Get updates on your PINS investment

If you require a place to buy stocks, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to monitor your new investment in Pinterest, create a watchlist today.

NYSE: PINS
$35.99+0.55 (+1.55%)
Updated Feb 22, 2024
Open eToro Account
NYSE: PINS
$35.99+0.55 (+1.55%)
Updated Feb 22, 2024
Open eToro Account

FAQ

How much does it cost to buy one Pinterest share?

As of Feb 22, 2024, it costs $35.99 to buy one share of Pinterest stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.278 shares of PINS.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Pinterest stock?

According to 21 Wall Street analysts who monitor Pinterest, their consensus recommendation is to buy Pinterest stock.

What is the best way to buy Pinterest stock?

One way to place an order for Pinterest stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.