Pinterest stock: buy or sell

PINS stock price: $72.51 1.67% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

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Pinterest stock brief

  • Pinterest closed on Wednesday at $72.51 after rising a 1.67% and broke a streak of 3 sessions in negative.
  • From the chart point view, price is drawing an scaled downtrend since last February with lower tops and lower bottoms. shares price lost a -19.34% since the downtrend started.
  • Pinterest, Inc. provides visual discovery engine in the United States and internationally.

Should I buy Pinterest stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $PINS stock a buy?

In the current situation of Pinterest there is not any eligible buy setup. This doesn't mean we expect a selloff for $PINS in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

Should I sell Pinterest stock?

"To sell or not to sell", if you are holding Pinterest shares?. Trading strategies help us to avoid impulsive decisions based on our personal moods or the buzz surrounding the market. We like very simple setups to guide us on when is a good time to sell a stock. Be aware that these setups should not be used for selling short $PINS stock

As a rule of thumb, you should never keep a trade that results in higher than expected losses at the time of the buy. When to sell shares must always be determined by the stop-loss (automatic or manual)

Is it time to sell Pinterest stock?

In the current situation of Pinterest there is not any eligible sell setup, so Pinterest stock holders with operations in green can keep their positions

Price lost SMA50 level

Nonetheless that positive trend may have come to an end, or show some signs of running out, since the price dropped below that moving average level last Friday. The time above the 50-d moving average has been short (10 sessions) so any price falling back below that threshold would indicate that there are likely signs of weakness and it can be the good moment to sell the position if we are mid-term investors or swing traders

Pinterest ratings

In the last month, 4 ratings were published for Pinterest. General sentiment is bullish, with 3 out of 4 publishing optimistic outlooks

Pinterest analysts' ratings - Last 30 days
Brokerage firmRating
Mar 29th, 2021
Bank of America Strong buyNeutral
Mar 30th, 2021
Morgan Stanley Buy
Apr 5th, 2021
Evercore ISI Buy
Apr 13th, 2021
Evercore ISI Buy

Pinterest stock analysis

From a technical standpoint, Pinterest continues in downtrend since last February, and has droppped a -19.34%. The stock plotted 2 consecutive lower tops.

SMAs overview

PINS stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $75.44 (4.04% above)
  • R2: $76.88 (6.03% above)
  • R3: $88.83 (22.51% above)
  • The current supports are:

  • S1: $68.93 (-4.94% below)
  • S2: $64.50 (-11.05% below)
  • S3: $62.15 (-14.29% below)
  • Bollinger bands

    Since the price surpassed the upper band on April 9, the price has corrected downwards by 15.77%

    PINS stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last February after just crossing to the overbough zone for just one day (weak signal). The RSI value on Wednesday was 41.98. Pinterest stock collapsed a 18.67% since that level was lost

    PINS stock RSI chart

    Pinterest stock price history

    Pinterest started trading priced at an adjusted price1 of $23.75 on Apr 2019. Since then, PINS stock has risen by 205.31%, with an average of 102.66% per year. If you had invested thousand dollars in Pinterest stock on Apr 2019, it would be valued $3,053.05 today.

    1: Adjusted price after possible price splits or reverse-splits

    PINS stock price history chart

    Price target for Pinterest stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis forecasting how a stock will performance in the future.

    The following table shows the price predictions posted by financial institutions in the last month. Again, these forecasts are not direct recommendations for small investors and must not be trusted blindly.

    Averaging all price targets exposed below, the predicted price for Pinterest stock is $88.00. That is a 21.36% than the last price ($72.51).

    Pinterest stock price predictions
    Brokerage firmPrice target
    Mar 29th, 2021
    Bank of America $94.00$78.00
    Mar 30th, 2021
    Morgan Stanley $95.00$89.00
    Apr 5th, 2021
    Evercore ISI Not available
    Apr 13th, 2021
    Evercore ISI $97.00

    Earnings and financials

    Pinterest, Inc. ($PINS) reported quarterly earnings of $0.43 per share last February, significantly uplifting the analysts consensus estimate of $0.32 per share. This quarterly report represents an earnings surprise of 34.38%. Turnover resulted of $705.6 million compared to $645.6 million predicted by market consensus.

    This compares to Earnings of $0.12 per share same quarter last year, so current EPS is an increase of 258.33%. Sales exploded a 76.45% on an annualized basis in the , from $4.0B to $7.1B last quarter.

    Pinterest ($PINS) is posting quarterly earnings report next Tuesday. Forecasted for this quarter is $0.08, compared to $0.43 that was reported for Q4.

    Pinterest performance

    PINS performance compared
    Company1m3m6m
    Pinterest ($PINS) 0.70% -2.30% 57.20%

    Disclaimer:
    The opinions contained in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this text does not have any knowledge of the particular situations of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for learning motives only

    Pinterest summary

    Wednesday, April 21st, 2021
    Open$70.86
    Close$72.51
    Day range$69.85 - $72.94
    Previous close$71.32
    Session gain1.67%
    Average true range$5.89
    50d mov avg$77.29
    100d mov avg$74.03
    200d mov avg$57.50
    Earnings dateMay 4th, 2021

    Frequently asked questions

    What is Pinterest stock symbol?

    Pinterest, Inc. is a public company trading in the US stock market with the PINS symbol

    Is Pinterest stock a buy or sell?

    Pinterest received 4 ratings in the last 30 days: 3 bullish, 0 bearish and 1 neutral.

    Will PINS go up?

    Pinterest had different price predictions issued by analysts in the last 4 weeks forecasting the target price to $88.00. That is a 21.36% than the current price ($72.51).

    Latest Pinterest news