PINS - Pinterest, Inc.
| Previous Close | 25.91 |
| Open | 0.00 |
| Bid | 25.78 x 800 |
| Ask | 25.85 x 1100 |
| Day's Range | 0.00 - 0.00 |
| 52 Week Range | |
| Volume | 0 |
| Avg. Volume | 6,963,503 |
| Market Cap | 13.916B |
| Beta (3Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.41 |
| Earnings Date | Aug 1, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 28.29 |
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Pinterest Stock Very Well May Be the Best Alternative to Facebook
Twitter (NYSE: TWTR) and Snap (NYSE: SNAP) have struggled for years competing with Facebook (NASDAQ: FB) in the social media game. However, investors may now finally have a viable Facebook alternative in Pinterest (NYSE: PINS). Even after a bumpy IPO, Pinterest stock still has added more than 8% since April.Source: Shutterstock Like Facebook, Pinterest is primarily an advertising company. Like Facebook, Pinterest has plenty of exciting long-term growth opportunities.But unlike Facebook, PINS stock doesn't come attached to antitrust risk. Pinterest also doesn't have significant regulatory concerns and negative press about the harmful effects of its service.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Pinterest Stock Growth StoryPinterest has plenty of growth opportunities starting with simply expanding its user base. The company reported 291 million monthly active users in its first quarterly earnings report in May. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond That number represented 21.7% growth from a year ago. The good news for investors is that Pinterest's user base doesn't seem to be plateauing just yet. That phenomenon has plagued both Twitter and Snap in recent years.Pinterest also seems to have plenty of room to improve its average revenue per user. Pinterest reported ARPU of 73 cents last quarter, an annual run rate of about $3. There seems to be plenty of opportunities for Pinterest to better monetize its user base given Facebook, Twitter and Snap have annual ARPU's of around $25, $9 and $6, respectively.Finally, Pinterest is investing heavily in expanding its Partners program to integrate third-party technology into its platform. According to Nomura Instinet analyst Mark Kelley, the latest group of Pinterest partners have dramatically improved ecommerce functionality on the platform. Users now have the ability to set up stores on Pinterest. Pins for certain products can also connect users directly to retailers for purchases.More than half of Pinterest users already use the app while they are shopping in brick-and-mortar stores, according to market researcher GfK."As the company's e-commerce efforts scale (Catalogs and Shopping Ads were outlined on the 1Q19 call), we think transactional capabilities could be a notable source of upside for the company's financials," Kelley says. Pinterest Stock Doesn't Have BaggageIn addition to the growth opportunities, PINS stock may have a key advantage over FB stock when it comes to investor sentiment and risk. There's no question Facebook's advertising business has been firing on all cylinders for years. However, there has been increasing uncertainty among investors about what the company's long-term future holds.First, Facebook, Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) recently has been the subject of a wave of antitrust rhetoric. For example, Democratic presidential candidate Elizabeth Warren has called for these tech companies to be broken up due to their size. Alternatively, regulators may force Facebook to change its business at some point to promote competition.At the same time, Facebook is facing scrutiny because of its size, it's also facing scrutiny because of its business. The Cambridge Analytica scandal and the abuse of social media platforms by foreign powers have investors worried about costly new regulations restricting data usage, content and access on Facebook's platform.Finally, another recent study has linked use of Facebook to depression. This study is simply adding fuel to the fire of groups calling for users to delete Facebook, Instagram, Snapchat and other popular social media accounts for their own good.Regardless of whether or not users leave the platforms, advertisers are well aware of the negative perceptions. The negative impact of Twitter and Facebook use have particularly captured the media's attention. Pinterest has a much better reputation as a positive platform. Advertisers certainly want their products associated with this type of positivity rather than a platform that has been linked to depression, suicide and ethnic cleansing. Pinterest Stock Has Its Own RisksPinterest stock may look like a much safer investment than FB stock when it comes to headline risk. Unfortunately, when it comes to financials, Pinterest is not a safe bet.PINS stock currently trades at a staggeringly high 17.5 price-to-sales ratio. Like other high-profile 2019 IPOs such as Uber (NYSE: UBER) and Lyft (NASDAQ: LYFT), Pinterest is not yet profitable. In addition, these tech IPOs have a horrendous track record in their first year of trading, suggesting upside for PINS stock may be limited in the near-term.As of this writing, Wayne Duggan did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post Pinterest Stock Very Well May Be the Best Alternative to Facebook appeared first on InvestorPlace.
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Walmart Online Unit Seeks New Executive While Losses Pile Up
(Bloomberg) -- Walmart Inc. has a hole to fill at its online unit, and whoever assumes the role faces a big challenge ahead.The company is searching for a new chief revenue officer for its U.S. e-commerce business, who would work under online leader Marc Lore to help map out its battle plan against Amazon.com Inc., Target Corp. and other rivals. The yet-to-be-named executive will also work to stem the online businesses’ mounting losses in an increasingly competitive digital arena.The vacancy was created when Scott Hilton, a senior vice president and Lore’s longtime lieutenant, left the company in May, according to an internal memo obtained by Bloomberg. Hilton, whose departure hadn’t been previously reported, didn’t reply to an emailed request for comment.Longtime LieutenantHilton met Lore about 14 years ago when both were students at the University of Pennsylvania’s Wharton business school, the memo said. He became Lore’s first employee at Quidsi, the e-commerce startup that included Diapers.com and was acquired by Amazon in 2011. Not long after, Lore left Amazon to launch Jet.com, bringing Hilton with him.When Jet was acquired by Walmart for $3.3 billion in 2016, Lore, Hilton and other Jet leaders assumed senior posts at its online business. They revamped Walmart’s digital offerings with millions of new products, a sleeker website and free two-day delivery for orders of $35 or more.“Scott created a retail organization that has brought on some incredible leaders, new brands, significantly expanded our assortment and designed and built the tools that have set us on a course to enable Walmart to efficiently scale and compete in the ever-evolving retail arena,” Lore said in the memo announcing Hilton’s departure.Walmart’s U.S. online business has grown, becoming a viable second fiddle to Amazon after the division’s revenue expanded 40% last year. But the business continues to be in the red, with losses expected this year of about $1.7 billion, up from $1.4 billion last year, according to Morgan Stanley estimates.Web StrugglesA portion of the retailer’s web traffic has also declined, according to data tracker SimilarWeb, falling by about a third between June 2017 and June 2019. SimilarWeb measures so-called non-bounced traffic, or customer visits that go beyond the landing page.A big reason for the falloff is that Walmart’s customers are increasingly using its shopping apps, particularly for grocery orders, rather than its website. And even as Walmart.com’s traffic has declined, sales are up as customers buy more items on each visit and purchase higher-priced goods, like the Lord & Taylor apparel it started offering last year.A Walmart.com spokesman said the SimilarWeb data was “completely incorrect,” adding that overall traffic to Walmart.com “has increased significantly during that time period.”SimilarWeb, in response, said it’s unaware of how the retailer reports on its digital activity.It confirmed that overall digital activity is up, while data for Walmart.com from web browsers only has shown a slight decline.Walmart shares rose 0.5% to $114.49 at 3:28 p.m. Friday in New York.To help streamline things, Walmart brought Jet fully under its umbrella last month. It has also encouraged consumers to pick up their online orders at the store, saving Walmart money on home-delivery costs. More recently, it has rolled out a next-day delivery service that’s now in 28 states, according to data tracker Marketplace Pulse, which Lore claims is less expensive to operate as orders typically come in one box from a nearby warehouse.Hilton’s departure follows that of Chief Technology Officer Jeremy King, who left in March for Pinterest Inc. and has been replaced by tech-industry veteran Suresh Kumar, who started work this week. Other dot-com executives have also moved on in recent weeks, such as Darren MacDonald, a vice president and general manager of entertainment products, who became chief digital and innovation officer at Petco in June.The management reshuffles come as the company looks to counter next week’s Prime Day, a manufactured web-sales holiday created by Amazon that’s become part of every retailer’s calendar.(Updates with shares and SimilarWeb comment in 11th, 12th paragraphs.)To contact the reporter on this story: Matthew Boyle in New York at mboyle20@bloomberg.netTo contact the editors responsible for this story: Crayton Harrison at tharrison5@bloomberg.net, Anne Riley Moffat, Eric PfannerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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Pinterest to Announce Second Quarter 2019 Results
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Should Investors Buy Snap Stock or Pinterest Stock?
How do you define a hot stock? Source: Shutterstock Based on the huge rally of Snap (NYSE:SNAP) stock, up 177% in 2019, SNAP stock looks like the poster child for hot stocks. In March, I wondered if SNAP stock could hit $20. As I write this, it's within $5.12 of hitting that once unthinkable dollar amount.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat's great news for people like Snapchat CEO Evan Spiegel, who's seen his net worth jump to $3.3 billion in 2019. * 10 Stocks to Sell for an Economic Slowdown In March, I made it clear that I wouldn't buy SNAP stock, but I urged aggressive investors to do so. Since then, it's gained about 40%; SNAP stock needs to rise another 30% to hit $20. While I believe it could hit $20 before the end of 2019, I think it's worthwhile to consider whether it's still the best buy among social media stocks. Alternatively, should investors consider buying Pinterest (NYSE:PINS) instead?To help figure that out, I'm going to look at each's company's pathway to profitability, because, in my opinion, the better stock to own is the one that's more likely to become and stay profitable for a very long time. Snap's Pathway to ProfitabilityIn April, Financial Times reporters Elaine Moore and Tim Bradshaw wrote that Snapchat would essentially run out of money if the company does not stop burning cash within three years. "According to a Financial Times analysis, the company has just over three years to become cash flow-neutral before it will need to raise fresh funds. In that time, Snap must raise user numbers and cut costs while fighting off Facebook's (NASDAQ:FB) plan to neutralize all and any competition," Moore and Bradshaw wrote in an article published on Apr. 19. The authors made the point that Snap's been burning cash at a rate of $68 million per month. In recent quarters, Snapchat has been able to cut its costs, thereby lowering the amount of cash that it burns every month. Unfortunately, CFO Tim Stone, who is credited with engineering much of the cost cutting, is now the CFO of Ford (NYSE:F). Stone joined the car company on June 1, mere months after he announced that he was leaving Snap. Snapchat promoted its VP of Finance, Derek Andersen, to the CFO role on May 20. Snap is slated to report its second-quarter results on July 23. In Q1, it managed to grow its daily active users (DAUs) by 2% to 190 million, 4 million higher than in Q4. On a year over year basis, however, Snapchat's DAUs dropped by 1 million. In terms of profits, it lost $310.4 million in Q1, $75 million less than in the same quarter a year earlier. While that's progress, Snapchat still lost more than $1.1 billion over the 12 months that ended in March. On a cash flow basis, it's generated a negative cash flow of $524 million over the 12 months that ended in March. For the owners of SNAP stock, it's vital for the company to announce that it reduced its losses and cash burn in Q2. Pinterest's Pathway to ProfitabilityPinterest reported its first quarter as a public company in mid-May, and while its losses were higher than expected, analysts felt that it was on the pathway to profitability. "We believe the company addresses a large market opportunity, is a leading player with scale, provides a strong value proposition to both consumers and advertisers, has an arguably clear path to profitability, and will benefit from several LT growth drivers," RBC analyst Mark Mahaney said on May 17 after the company announced its earnings. Atlantic Equities analyst James Cordwell also thinks that Pinterest can become profitabile in the medium term. Let's consider Pinterest's financial situation. It finished Q1 with $642 million of cash and marketable securities, along with zero debt on its balance sheet. While its net loss was higher than expected, it still managed to reduce it by 21% year-over-year to $41.4 million, as its revenue surged to $201.9 million.As far as cash flow is concerned, Pinterest generated $33.1 million of operating cash flow during the quarter, a 145% increase over a year earlier. So, despite losing $41 million in the quarter, it managed to generate free cash flow of $29 million. By comparison, Snapchat generated negative operating cash flow of $66.2 million in Q1, 71% better than a year earlier, but $99.3 million less than Pinterest. For every dollar of operating losses, Pinterest generated $4.51 of revenue, while Snap reported $1.01 of revenue for every dollar of operating losses. The Bottom Line on SNAP Stock While SNAP stock has come a long way, I believe that Pinterest's pathway to profitability is easier than Snap's. SNAP stock will likely hit $20 in the next 6-12 months. 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5 Top Stock Trades for Tuesday: PINS, DB, AMD
The stock market got off to a lower start on Monday, continuing what the market seemed to have been trying to do on Friday before a late-afternoon rally saved the day. That's as investors prepare for Federal Reserve Chairman Jerome Powell's Monetary Policy Report to Congress as well. Let's look at a few top stock trades to start the week. Top Stock Trades for Tomorrow No. 1: Pinterest Click to Enlarge This was disappointing action for the bulls. Pinterest (NYSE:PINS) stock initially rallied toward $28 on the day, giving investors hope that the stock was on the verge of a big-time breakout.Instead, the stock pulled an intraday reversal, giving up all of its gains and actually falling almost 2% at one point.InvestorPlace - Stock Market News, Stock Advice & Trading TipsShort of a late-day recovery, PINS also gave up its 8-day, 20-day and 50-day moving averages. A move below wedge support (blue line) could spell trouble. A rally back above its major moving averages could send the stock up toward wedge resistance and give hope of another breakout. Top Stock Trades for Tomorrow No. 2: Deutsche Bank Click to Enlarge Shares of Deutsche Bank (NYSE:DB) are down 6% on Monday, after the company announced a massive restructuring plan. The bad news? DB lost the $7.95 to $8 level, which I viewed as quite notable.On the plus side, the 50-day moving average is acting as support, while uptrend support and the 20-day moving average are just below.A move below the 20-day and 50-day moving averages puts the June lows back on the table. On a rally, I want to see if DB can reclaim $8 or if this level acts as resistance. Top Stock Trades for Tomorrow No. 3: Advanced Micro Devices Click to Enlarge Advanced Micro Devices (NASDAQ:AMD) is showing excellent relative strength on Monday, rallying over 1.5% in the face of a market-wide decline. It's not surprising though.AMD stock has been trading well lately, rallying higher last week and consolidating its gains. With its move over $32, I want to see AMD maintain above last week's high. If it does, it puts $32.50 and higher on the table, and if the rally can really take hold, new highs are a possibility.A move below uptrend support and the 20-day moving average at $30.50 would be very disappointing and force investors to give AMD more time to set up. Top Stock Trades for Tomorrow No. 4: Twilio Click to Enlarge Twilio (NYSE:TWLO) quietly tacked on a 3% rally on Monday, raising the question of whether a big breakout is on the way.Shares pushed through $142, putting $145 resistance on watch. Above that level and the $151 highs are the table. You'll notice that TWLO stock has had very healthy price action. It has put in a series of higher lows, while slowly but surely pushing through various resistance marks.In this case, losing the 20-day moving average would raise my awareness, but I would not be alarmed until TWLO stock closed below the 50-day. The way its MACD reading (blue circle) is turning also has me feeling that a larger move higher could take place. Top Stock Trades for Tomorrow No. 5: Village Farms Click to Enlarge This volatile cannabis stock has been on my radar lately, as Village Farms (NASDAQ:VFF) continues to hold up over $11-ish support.I do not like a stock that has a declining trend running into a static level of support. Generally, that has me watching for a break below support for a shorting opportunity. The opposite is true for bullish situations, like Twilio.With short-term downtrend resistance (purple line) squeezing it lower, aggressive bears may be tempted to take a short position with a limited risk/reward. More conservative bears may opt to wait for a rally up toward the 50-day moving average and longer term downtrend resistance (blue line) before opening a short position. Or they may opt to wait and see if $11 support breaks.One thing is clear: Below $11 is trouble for longs, while a rally north of $12.26 is trouble for the bears, as a breakout could trigger.This one is too volatile for my blood, and I'll opt to watch from the sidelines. But it's a good chart to learn from, at least.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AMD and PINS. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 A-Rated Stocks to Buy for the Rest of 2019 * 7 Education Stocks to Buy for the Future of Academia * 5 Stocks to Buy as You Rebalance Your Portfolio The post 5 Top Stock Trades for Tuesday: PINS, DB, AMD appeared first on InvestorPlace.
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