How to Buy Pinterest Stock
Pinterest Inc
Pinterest, Inc. provides visual discovery engine in the United States and internationally.
Pinterest stock last closed at $32.85, down 0.51% from the previous day, and has increased 18.89% in one year. It has underperformed other stocks in the Internet Content & Information industry by 0.13 percentage points. Pinterest stock is currently +59.47% from its 52-week low of $20.60, and -21.03% from its 52-week high of $41.60.
There are currently 678.98M shares of PINS outstanding. The market cap of PINS is $22.30B. In the past 24 hours, 8.08M PINS shares were traded.
How to Buy Pinterest Stock
Wondering how to invest in Pinterest stock? Here's how.
- 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.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Pick your payment method and add your details.
- 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).
- 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.
- 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.
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Open eToro AccountStep 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.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to start your new brokerage account.
- Submit your details by clicking the "Create Account" button. Get started with eToro today
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.
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 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 7.22x, relative to Internet Content & Information industry P/B ratio of 6.52x
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 16 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
Shyam Patil, a top 18% analyst from Susquehanna maintains PINS with a strong buy rating and raises their PINS price target from $35.00 to $45.00, on Feb 9, 2024.
Scott Devitt, a top 4% analyst from Wedbush maintains PINS with a hold rating and raises their PINS price target from $35.00 to $38.00, on Feb 9, 2024.
Wedbush's Scott Devitt raised their price target on Pinterest (NYSE: PINS) by 8.6% from $35 to $38 on 2024/02/09. The analyst maintained their Hold rating on the stock.
Devitt hiked their price target on Pinterest after the company's Q4 and FY 2023 earnings, reported on 2024/02/08, noting that the quarter's results were mixed, with the top line falling short of consensus and adjusted EBITDA beating estimates by 2.2%.
The analyst said they "will continue to monitor Pinterest's ability to scale ad load and grow advertiser demand without diluting the user experience or impacting engagement."
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.”
Barton Crockett, a top 10% 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.
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.
You can dive deeper into what analysts are projecting on the Pinterest stock forecast page.
Metrics for Advanced PINS Traders
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 19.56%.
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.
William J. Ready, Chief Executive Officer of PINS, was the latest PINS insider to sell. They sold $959,623.20 worth of PINS shares on Apr 20, 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.
Get analysis from other traders
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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:
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:
- Choose where to buy Pinterest stock
- Open your brokerage account
- Deposit funds into your brokerage account
- Research Pinterest stock
- Place your PINS purchase
- Get updates on your PINS investment
If you require a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you would like to monitor your new investment in Pinterest, create a watchlist today.
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