|Bid||23.18 x 3200|
|Ask||23.28 x 1000|
|Day's Range||22.98 - 23.79|
|52 Week Range||17.39 - 36.83|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Earnings reports from NVIDIA and Cisco, a stay order on the JEDI contract, Facebook's app to compete with Pinterest and other stories are covered in this daily.
Shares of Pinterest Inc. slipped 0.8% in morning trading, paring overnight losses of as much as 5.4%, after Wedbush analyst Ygal Arounian tried to assuage investors fears by saying Facebook Inc.'s upcoming "copycat" app was "not quite that, and not a major concern." The social media company's stock sold off in after-hours trading Thursday, amid multiple reports about Facebook's experimental app called "Hobbi," which Facebook calls a "the one stop app for your personal projects." Arounian said the after-hours selloff was an "overreaction," as the app seems to be more of an "interest app" centered around taking pictures and saving them to specific categories, while Pinterest is a "significantly more complex product" that aims to drive discovery and inspiration from billions of pictures. "We don't see [Hobbi] as a meaningful risk to Pinterest, and certainly see no risk to our 2020 estimates," Arounian wrote in a note to clients. Pinterest's stock has run up 19% over the past three months, while Facebook shares have advanced 11% and the S&P 500 has gained 9.1%.
Pinterest was falling Friday following a report that said Facebook had released a competing app. The Information reported that an experimental group within Facebook quietly released a an app - called Hobbi - for saving and sharing photos of activities like cooking and home improvement projects. "Organize your photos into visual collections and see the progress you're making over time," the description added.
Facebook's "New Product Experimentation" team developed the app called "Hobbi," which lets users organize their photos into "visual collections," according to its description on the App Store, The Information reported Thursday. The NPE team was instituted by Facebook in July last year, with the goal of developing useful consumer-facing applications. Facebook had said that the team would be working on a lot of projects, and discard the ones consumers don't find useful.
Here's a look at the eight Bay Area venture-backed companies that are valued at $10 billion or more — and how some of them have fared after going public.
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bearish calls included media and electric vehicle leaders. As usual, Benzinga continues to examine the prospects for many of the stocks most popular with investors.
UBER and PINS make me feel that they have pivoted from unicorn status and are now about showing Wall Street that they can make a lot of money if they want to.
Pinterest Inc (NYSE: PINS ) beat almost all Street estimates in its fourth-quarter earnings report . While monthly active users (MAU) trended in line with forecasts, total revenue grew 46%, conversion ...
Pinterest (NYSE:PINS) surged past its $19 IPO price, and is climbing nearly 40% in 2020, after earnings handily beat estimates.Source: Nopparat Khokthong / Shutterstock.com The internet advertising site, which uses small boxes called "pins" to lead users based on their interests, lost $36 million, 6 cents per share. But revenue for the quarter was $400 million, $1.1 billion for the full year. The company said it had earnings before interest, taxes, depreciation and amortization (EBITDA) of $77 million.It was the revenue number, 46% ahead of a year ago, that really set tongues wagging. Pinterest zoomed in the after-hours market by 19%. The shares opened Feb. 7 at $26.99. That's a market capitalization of $15.3 billion.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Next Facebook?Analysts seem to have turned on a dime, from thinking of Pinterest as the next Uber (NYSE:UBER) to seeing it as the next Facebook (NASDAQ:FB). The company recently passed Snap's (NYSE:SNAP) Snapchat to become the third-leading social platform, based on monthly users.Management seemed to share the new enthusiasm, predicting the company can top 2020 revenue estimates of $1.47 billion. * 7 Utility Stocks to Buy That Offer Juicy Dividends Pinterest began life in 2010 as an idea center where do-it-yourselfers could "pin" ideas to a virtual whiteboard. What it delivers, especially for women, is the "serendipity" they might have gotten in the past browsing a mall or a magazine.CEO Ben Silbermann, who co-founded the site in his 20s, is acutely aware of social media's credibility issue. When Pinterest found people were looking for vaccine information on the site, he sought verified sources like the Centers for Disease Control and Prevention and gave them exclusive rights to post about it. Pinterest also created a "compassionate search" function, using clinical psychologists, to make sure those seeking help with depression got real help rather than nonsense.It's doing the same thing with the 2020 elections, rolling out a "civic participation policy" aimed at preventing the spread of "false or misleading" information. Silbermann calls Pinterest "an inspiration platform" rather than a social network. Bad Days Behind It?Pinterest came public last April and its first trade was at $23.75, up 25% from the IPO price of $19. But a negative third-quarter report caused investors to sour on it, and in November it traded at $18.71.Like many other recent tech unicorns, Pinterest has a dual-share structure, giving Silbermann and co-founder Evan Sharp control. Silbermann says it's so they can run the company "for the long term." But the structure has come under criticism thanks to CEOs like Uber's Travis Kalanick and WeWork's Adam Neumann.Pinterest's newest features are all built around shopping. Its new Try On Lens lets women see what lipstick would look like on them, using augmented reality. The tool is being rolled out with major lipstick brands. The Bottom Line on Pinterest StockMost analysts, and many investors, were sleeping on Pinterest, after it lost $125 million in the third quarter on revenue of $280 million.But InvestorPlace's Chris Tyler was not among them. He wrote in late January that the stock was "an ironclad buying opportunity." He explained how the coronavirus was driving people into their homes, but how online shopping can bridge the gap.Josh Enomoto also saw the pros of buying Pinterest, citing its popularity among young women. He called it a speculative bet.The stock still trades well below its highs over $36, meaning it has room to run. On the other hand, the current price is 11 times revenue, and earnings have yet to appear.My view is that if you like and understand the site, this may be the speculation you're looking for.Dana Blankenhorn is a financial and technology journalist. He is the author of the environmental thriller Bridget O'Flynn and the Bear, available at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this story. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Utility Stocks to Buy That Offer Juicy Dividends * 10 Gold and Silver Stocks to Profit Off 2020's Fear Trade * 3 Top Companies That Should Be More Careful With Your Data The post Pinterest Users Should Consider a Bet on the Social Media Stock appeared first on InvestorPlace.
If Friday’s episode of PreMarket Prep is any indication, opinions are extremely divided on how the coronavirus could affect U.S. markets. Co-host Dennis Dick bemoaned the steady upward move in U.S. stocks, and said he’s still approaching this market with caution until the coronavirus gets under control. Co-host Joel Elconin is not as bearish, and is sticking to watching key technical levels.
The major stock indexes were broadly lower early Friday despite a strong jobs report. IPO stocks Pinterest and Uber soared on earnings.
After hours: Uber rose into a buy zone on its results. So did archrival Lyft. Pinterest, Bill.com and eBay also moved on news.
Pinterest reported quarterly results Thursday that topped estimates, with the stock rising in after-hours trading. It reported adjusted earnings of 12 cents on revenue of $400 million.
Pinterest (NYSE: PINS) shares are trading higher after the company reported better-than-expected fourth-quarter EPS and sales results. The company reported quarterly earnings of 12 cents per share, which beat the analyst consensus estimate of 8 cents. Pinterest reported quarterly sales of $400 million, which beat the analyst consensus estimate of $371.53 million by 7.66%.
Pinterest Inc. shares soared more than 15% higher in after-hours trading Thursday after the social-media company reported better earnings and revenue than expected in the fourth quarter and predicted sales would top $1.5 billion in 2020. Pinterest reported a net loss of $35.7 million, or 6 cents a share, on sales of $399.9 million for the fourth quarter, up from revenue of $273.2 million a year ago. After adjusting for stock-based compensation and other factors, the company claimed earnings of 12 cents a share. Analysts on average expected adjusted earnings of 8 cents a share on sales of $368 million, according to FactSet. For 2020, Pinterest predicted that revenue would grow to $1.52 billion from the 2019 total of $1.14 billion, which beat the average analyst prediction for 2020 sales of $1.48 billion, according to FactSet. After closing with a 4.9% gain at $22.99, Pinterest's stock shot higher than $26 in the extended session immediately following the results.
The company also beat estimates for average revenue per user and provided a bullish 2020 sales forecast as measures like adding augmented reality features to its platform and expanding into markets like Denmark, Norway and Switzerland attracted more users. Total revenue jumped 46% to $400 million in the fourth quarter, while monthly active users climbed 26% to 335 million globally. Financial analysts tracked by Refinitiv had expected revenue of $371.2 million, while user additions were projected at 331.3 million by market research firm FactSet.
(Bloomberg) -- Pinterest Inc. posted revenue and user growth that beat analysts’ estimates for the fourth quarter, citing new advertisers and greater engagement in the holiday season. Shares gained about 12% in extended trading.Sales at the digital search and scrapbooking company rose 46% to about $400 million, better than the $371 million consensus analyst estimate compiled by Bloomberg. Revenue for the full year was $1.14 billion, the first time Pinterest has surpassed the $1 billion threshold, and slightly higher than the revenue range it provided in May.Pinterest said it added about 13 million new monthly users in the period, bringing its total global user base to 335 million. Analysts expected Pinterest to report around 330 million users at the end of 2019.The company projected 2020 revenue of $1.52 billion for the year, just ahead of analysts’ estimates.Pinterest is the latest digital advertising company to report strong fourth-quarter sales. Facebook Inc., Twitter Inc. and Alphabet Inc.’s Google all reported revenue that was better-than-anticipated in the past two weeks.The San Francisco-based company included a list of business priorities for the year in its earnings release, including diversifying its ad offerings and pushing further into shopping. As part of its shopping expansion, Pinterest said it plans to create a “Verified Merchants Program” in 2020, which will require brands to meet certain guidelines in order to join. The point is to improve trust between Pinterest users and the brands they buy from on the service, the company says.Pinterest stock reached a high of $26.30 in extended trading after closing at $23.01. The shares have gained 21% in the past 12 months.To contact the reporter on this story: Kurt Wagner in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Pinterest Inc. shares are up 4.2% in Thursday trading, ahead of the company's fourth-quarter earnings report after the closing bell. The rally comes as fellow internet name Twitter Inc. posted better-than-expected revenue and user numbers for its own holiday quarter earlier Thursday. "The set-up in front of results is not without risk and there is some nervousness ahead of guidance, expected to reflect a meaningful deceleration," wrote Loop Capital Markets analyst Rob Sanderson, who initiated coverage of Pinterest with a buy rating and a $29 target price Tuesday. He said the company might opt for conservatism with its first full-year forecast as a public company. Still, he called the company "among the most interesting of SMID cap stocks in the US internet sector with great potential as an advertising and e-commerce platform." The stock has added 20% over the past month on optimism around user-growth trends. The S&P 500 is up 3% in that span.
Earnings season continues, and some more nascent companies are beginning to report: Peloton Interactive Inc. (NASDAQ: PTON ) after the bell yesterday, Uber Technologies Inc (NYSE: UBER ) and Pinterest ...