Get Daily Stock Reports is a 7:00 PM newsletter with a pertinent stock report every day, plus the lates market news.

Stock of the Day: Pinterest

PINS 90-day performance NYSE:PINS Pinterest
Current Price
+0.18 (+0.56%)
(As of 11/28/2023 ET)
30 Day Performance
90 Day Performance
1 Year Performance
Market Capitalization
Price Target
Net Income

Pinterest Inc is a social media platform that allows users to discover and save ideas for various interests, including fashion, cooking, home decor and travel. It was founded in 2008 by Ben Silbermann, Evan Sharp and Paul Sciarra and is headquartered in San Francisco, California. The company's mission is to "bring everyone the inspiration to create a life they love."

As of the end of 2022, Pinterest had over 460 million monthly active users worldwide, with most of its user base in the United States. The platform is available in over 30 languages and operates in over 200 countries. Pinterest has received numerous awards for its innovative approach to social media and has been named one of the world's top 100 most innovative companies by Forbes.

The current CEO of Pinterest is Bill Ready, who was named CEO in Q2 of 2022. Previously Bill worked for Google as the president of commerce. Other key management team members include Evan Sharp, the Chief Design and Creative Officer and Todd Morgenfeld, the Chief Financial Officer and Head of Business Operations.

In 2022, Pinterest announced the appointment of Andrea Wishom, the Lead Independent Director, as a new member of its board of directors, bringing the total number of board members to nine. Andrea is on the board of nine companies in total, and previously she was the Executive Vice President of OWN: Oprah Winfrey Network LLC. 

In the past few years, Pinterest has seen steady growth in its revenue, which reached $2.8 billion in 2022, up from $1.7 billion in 2020. The company's net income has teetered from a slight loss to a slight gain in the past few years. Pinterest's debt levels have remained relatively low, with the company carrying only $581 million in long-term debt as of the end of 2022. Pinterest's valuation metrics have fluctuated recently, with the company's price-to-earnings and price-to-book ratios increasing above industry averages.

Pinterest's stock price has seen significant fluctuations in recent years, with the company's share price hitting an all-time high of $91.85 in February 2021 before falling to a low of $31.54 in October of the same year. The company's stock price fluctuates between $20 and $30. The company's trading volume has also fluctuated, with an average daily volume of around 14 million shares.

Pinterest operates in the social media industry, which has grown significantly in recent years. The company competes with other social media platforms, such as Facebook, Instagram and Twitter, as well as search engines like Google. Pinterest's unique focus on visual discovery sets it apart from its competitors, as users can search for ideas based on images rather than text. The company has also faced regulatory and political issues related to data privacy and content moderation, which are common concerns in the social media industry.

Pinterest has several potential growth opportunities, including expanding its user base in international markets, launching new advertising products and developing new features for creators and small businesses. The company has also been exploring opportunities in e-commerce, allowing users to purchase products directly from the platform. Pinterest has already seen success with its shopping features, with the company reporting that 80% of its users have purchased products based on the content they discovered on the platform.

Pinterest faces several risks and challenges, including increasing competition in the social media industry, changing consumer preferences and potential regulatory changes related to data privacy and content moderation. The company's success is closely tied to its ability to maintain and grow its user base. Any issues that negatively impact user engagement could significantly affect its financial performance.

Another risk for Pinterest is platform misuse or abuse, which could lead to reputational damage or legal liabilities. The company has implemented various measures to address these concerns, including content moderation policies and partnerships with third-party fact-checkers. However, there is still the potential for content that violates these policies to be shared on the platform.

Additionally, Pinterest's growth potential depends on the global economy's overall health. Any significant economic downturn could negatively impact the company's advertising revenue, as companies may reduce ad spending to cut costs.

Read Full Report

More recent reports:

Johnson & Johnson logo
JNJ 90-day price performance11/27/2023

Johnson & Johnson Stock Report

Johnson & Johnson is a US-based multinational pharmaceutical company that started in the early 1870s. Robert Wood Johnson began training as a pharmacist at 16 and founded his 1st company in 1873. That company would be disbanded by 1886 when Johnson joined his brothers to form today's entity. The company’s first line of products was steril
Read Report ▸
Symbotic logo
SYM 90-day price performance11/26/2023

Symbotic Stock Report

Symbotic Inc., headquartered in Wilmington, Massachusetts, is an American robotics warehouse automation company at the forefront of revolutionizing supply chain operations. The company specializes in building and operating automated warehouse systems for clients in the United States and Canada, using advanced artificial intelligence in its software
Read Report ▸
Novo Nordisk A/S logo
NVO 90-day price performance11/25/2023

Novo Nordisk A/S Stock Report

Novo Nordisk A/S is a global healthcare company specializing in the research, development, production, and marketing of pharmaceutical products to treat diabetes, obesity, and other chronic diseases. The company was founded in 1923 in Denmark and is headquartered in Bagsværd, Denmark. Novo Nordisk has operations in more than 80 countries, inc
Read Report ▸
EOG Resources logo
EOG 90-day price performance11/24/2023

EOG Resources Stock Report

EOG Resources, Inc. is a leading independent exploration and production company focusing on the oil and gas industry. Based in Houston, Texas, EOG's mission is to provide energy solutions that power the world while adhering to the highest environmental and safety standards. With its robust portfolio of assets, talented management team, and commitme
Read Report ▸

Recent Stories:

File - A crane lifts a shipping container at an automated container port in Tianjin, China, January…

The world economy will slow next year because of inflation, high rates and war, OECD says

The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates.The Paris-based Organization for Economic Cooperation and Development estimated Wednesday that international gro...

Berkshire Hathaway Vice Chairman Charlie Munger listens to a question during an interview on May 7,…

Charlie Munger, who helped Warren Buffett build investment powerhouse Berkshire Hathaway, dies at 99

Charlie Munger, who helped Warren Buffett build Berkshire Hathaway into an investment powerhouse, has died at a California hospital. He was 99.Berkshire Hathaway said in a statement that Munger’s family told the company that he died Tuesday morning at the hospital just over a month before his 100th ...

Americans Ditched Big Cities During the Pandemic. Now Many Are Regretting It.

This article originally appeared on Business Insider. Susan, a 30-something artist, lived in New York City when the pandemic struck. Eager to flee the claustrophobia of a too-small apartment, she and her husband decamped upstate to stay with friends in an up-and-coming town in the Catskills (populat...

German Chancellor Olaf Scholz, left, and German Finance Minister Christian Lindner arrive for the d…

Germany's leader vows to fix a spending crisis that's worsening gloom in the struggling economy

German Chancellor Olaf Scholz on Friday promised quick action to fix a budget crisis after a court decision blew a large hole in the almost-finished plan for next year and threatened to disrupt spending on efforts to fight climate change and cushion the impact of high energy prices caused by Russia'...

Read your newsletter to keep up with the hottest companies..