Pinterest Stock Price (NYSE: PINS)

Pinterest Stock Price (NYSE: PINS)
FIGI: BBG002583CV8 | ISIN: US72352L1061 | Symbol: PINS | Type: Stock.
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. The company's potential is also evidenced by the fact that Microsoft itself wanted to buy it. Pinterest is not the first social network in the world yet, but it has everything for large-scale growth in the future, which makes Pinterest stocks an attractive option for investment.


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Fundamental Analysis Pinterest Stock


The widget displays fundamental data that will help you better understand the current state of the company than simple stock prices. Pinterest Stock fundamentals include: Market Capitalization, Enterprise Value, Balance Sheet, Operating Metrics, Price History, Margins, Income Statement, Dividends and many others important data.

Pinterest Stock

Pinterest is a young company, but despite this, its shares are already included in the NYSE Composite index. The company does not pay dividends, all profits are invested in scaling the business.

Key shareholders include T. Rowe Price Associates, Inc., Flossbach von Storch AG, The Vanguard Group, Inc., Morgan Stanley Investment Management, Inc. These shareholders collectively own nearly a quarter of Pinterest shares.

Pinterest was founded in 2008 by Ben Silbermann and Paul Squarra, at that time it was just one of many startups. Silbermann's girlfriend was partly involved in the creation of Pinterest, it was she who advised Ben to try to implement his ideas on his own. Before that, he worked at Google, regularly proposed new projects, but they were all rejected.

The prototype of modern Pinterest was the Tote service. It helped users select products based on their geographic location. The service was good, but it developed too quickly, and developers managed to develop a new update before users had mastered the previous one.

As a result, the developers decided to implement a similar idea, but not through a separate application, but on the site. It was in this format that Pinterest developed further. The name itself reflects the concept of the service, to pin means to pin something, and interest is an interest in something. This is the whole point of Pinterest, it is literally an electronic "board" to which users "pin" the images they like. In accordance with their interests, the service selects similar content.

Pinterest's beta version was launched in the spring of 2010. At first, the startup was treated with disdain, to the point that the organizers of TechCrunch Disrupt did not even provide the project with a separate booth. The client base grew at a miserable rate, celebrities did not subscribe to Pinterest, and the future of the startup remained unclear.

The turning point was 2011, when the project managed to attract a famous designer from a competitive social network. Formally, he became one of the founders of the company. The very fact of Evan Sharp's transition to Pinterest attracted attention to the project. The active growth phase began in 2012. In May, they managed to attract funding in the amount of $100 million, and the developers also implemented the Promoted Pins function - this is the first step towards monetizing the service. Before the possibility of placing paid pins, the project did not make money.

Two years later, the company launched the most advanced image search at the time. Even Google was lagging behind in this area at the time.

Despite the active growth of the client base, Pinterest management was rather cautious in introducing monetization tools and advertising. This is one of the reasons why advertisers were in no hurry to allocate advertising budgets to Pinterest as well. Despite this, revenue reached $100 million in 2015.

Two years later, the company introduces a simplified search and implements the ability to intelligently search. This makes the service even more popular, as Pinterest can now recognize objects on pinned pins and search for similar images.

At the beginning of 2019, Pinterest tried to hide its intention to go through an IPO, but due to a leak of information, the company's intentions became known to a wide range of investors. The interest was so great that with a price range of $15-$17, the shares were eventually sold at $19. In the first days after the start of public trading, the price of Pinterest securities grew by more than 50%. How much Pinterest shares cost today - you can see on the chart above.

The pandemic triggered an explosive growth in the popularity of the IT sector in general and Pinterest in particular. If after the IPO the company was valued at $12.7 billion, then after only 2.5 years the capitalization grew to $30 billion, the number of unique users approached half a billion.

The company continues to actively increase profits through paid pins, with advertising being the main source of income.

The company's headquarters remain in San Francisco and it employs more than 3,000 people.

Despite its youth, Pinterest already has a number of subsidiaries, including:
  • URX.
  • Fleksy, Inc.
  • Pinterest Uk, Ltd.
  • The Hunt.
  • Instapaper, LLC.
  • Jelly Industries, Inc.
  • Kosei, Inc.
  • Hackermeter.
  • Pinterest Europe Limited.

What determines the stock price

The Pinterest online stock chart is influenced by a whole range of factors, including:
  • Quarterly reports. The calendar year ends at the same time as the financial year, the company publishes reports within about a month after the end of the quarter. The value of Pinterest shares is particularly dependent on financial indicators.
  • Audience growth rate.
  • Monetization rates, service development, introduction of new features.
  • Merger news. Thus, in the fall of 2021, after PayPal denied rumors about the acquisition of Pinterest, PINS stock quotes fell by more than 10%. Shortly before that, on rumors about a possible acquisition of Pinterest, its stock quotes soared by 20%.

Increased volatility due to rumors is a consequence of the company's youth. As soon as a giant with a capitalization of hundreds of billions shows interest in its business, the volatility of securities with the ticker PINS immediately increases.

Summary

Pinterest, Inc. has emerged from the promising startup phase, achieved good results in the 2010s and has every chance to grow to enormous proportions. The service developers were quite cautious in introducing monetization and new functionality, which held back the company's growth in the second half of the 2010s, but now this stage is behind us.

Capitalization of 21.14B is not the limit for Pinterest. In the coming years, the company's scale may grow several times, which will affect not only revenues, but also the quotes of securities with the PINS ticker.
Disclaimer. No Investment Advice Provided.
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