PINS

Pinterest Inc - Ordinary Shares - Class A

TMT


Presented:08/09/2024
Price:$28.99
Cap:$19.89B
Current Price:$33.67
Cap:$23.10B

Presented

Date08/09/2024
Price$28.99
Market Cap$19.89B
Ent Value$28.63B
P/E Ratio105.34x
Book Value$4.66
Div Yield0%
Shares O/S686.20M
Ave Daily Vol9,460,117
Short Int4.68%

Current

Price$33.67
Market Cap$23.10B
Pinterest, Inc. engages in the operation of a pinboard-style photo-sharing website. 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 in October 2008 and is headquartered in San Francisco, CA.

Publicly traded companies mentioned herein: Alphabet Inc (GOOGL), Pinterest Inc (PINS) 

Highlights

The presenter is long shares of Pinterest (PINS) due to a favorable outlook for the company’s growth and strategic initiatives, despite recent performance being at the lower end of guidance, which he largely attributes to macroeconomic factors rather than internal issues. Pinterest’s current focus includes enhancing shoppable content and launching Performance Plus to aid smaller advertisers in optimizing their spend, which should drive significant incremental ad spend. He views the current price as attractive, with the stock trading 14x his 2025 EPS and FCF following a recent 20% decline, and sees added support from the company's $1 billion buyback program.

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Idea Discussion

Commentor 1 - 2 weeks ago

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