Previous Close | 29.10 |
Open | 28.22 |
Bid | 0.00 x 1300 |
Ask | 0.00 x 1100 |
Day's Range | 28.00 - 28.65 |
52 Week Range | 16.14 - 29.17 |
Volume | |
Avg. Volume | 11,175,472 |
Market Cap | 18.477B |
Beta (5Y Monthly) | 1.00 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.01 |
Earnings Date | Feb 01, 2023 - Feb 06, 2023 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 26.06 |
Pinterest (PINS) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Investors can acquire 38 shares of Pinterest, a social media company, with $1,000 at current levels, while that same amount will buy 47 shares of the education technology company Chegg. The company's user growth was nonexistent, which affected its business since it makes money through advertising. In the third quarter of 2022, the company grew its revenue by 8% year over year to $684.6 million.
The digital-search company that lets users create online pinboards informed the impacted employees on Wednesday, the report said, citing a person familiar with the company. "We're making organizational changes to further set us up to deliver against our company priorities and our long-term strategy," a company spokesperson told Reuters, confirming job cuts. The official, however, declined to confirm the number of job cuts.