Pinterest Inc Stock Research

Market Summary

USD26.52-0.32

Delayedas of 29 Mar 2023, 03:44 pm

-1.19%

PINS Alerts

1 major insider sales recently.
Big fall in earnings (Y/Y)

PINS Stock Price

PINS RSI Chart

PINS Valuation

Market Cap

18.0B

Price/Earnings (Trailing)

-187

Price/Sales (Trailing)

6.41

EV/EBITDA

-414.38

Price/Free Cashflow

38.28

PINS Price/Sales (Trailing)

PINS Profitability

Operating Margin

75.79%

EBT Margin

-3.07%

Return on Equity

-2.93%

Return on Assets

-2.49%

Free Cashflow Yield

2.61%

PINS Fundamentals

PINS Revenue

Revenue (TTM)

2.8B

Revenue Y/Y

3.61%

Revenue Q/Q

28.14%

PINS Earnings

Earnings (TTM)

-96.0M

Earnings Y/Y

-89.99%

Earnings Q/Q

126.83%

Price Action

52 Week Range

16.1429.27

(Low)(High)

Last 7 days

-2.5%

Last 30 days

7.2%

Last 90 days

17.4%

Trailing 12 Months

1.5%

PINS Financial Health

Current Ratio

9.08

PINS Investor Care

Shares Dilution (1Y)

3.91%

Diluted EPS (TTM)

-0.14

Peers (Alternatives to Pinterest)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
GOOG	1.3T	282.8B	13.44%	-28.59%	21.72	4.6	9.78%	-21.12%
TWTR	41.4B	5.2B	27.58%	-2.03%	-370.37	7.92	17.45%	-129.08%
SNAP	18.0B	4.6B	12.74%	-69.47%	-12.57	3.91	11.78%	-192.99%
PINS	18.0B	2.8B	7.23%	1.47%	-187	6.41	8.71%	-130.35%
MID-CAP
TRIP	2.4B	1.5B	-13.43%	-28.72%	119.66	1.6	65.41%	113.51%
SMALL-CAP
CARG	2.1B	1.7B	6.29%	-56.65%	25.44	1.3	73.96%	-22.75%
YELP	2.1B	1.2B	-1.36%	-14.25%	57.09	1.74	15.67%	-8.38%
TTGT	1.0B	297.5M	-6.89%	-56.46%	24.5	3.43	12.93%	4284.51%
EB	843.9M	260.9M	1.07%	-41.31%	-15.24	3.23	39.43%	60.18%
TRUE	204.3M	161.5M	-8.33%	-41.52%	-1.72	1.26	-30.29%	-209.65%
CDLX	85.7M	298.5M	-54.31%	-95.43%	-0.18	0.29	11.76%	-261.89%
TZOO	65.4M	65.7M	5.86%	-15.21%	72.88	1	6.69%	-81.76%
ZDGE	29.8M	27.4M	-38.30%	-71.48%	3.89	1.22	25.56%	-19.10%
AUTO	5.5M	71.2M	0.91%	-85.52%	-0.38	0.08	-0.63%	-945.76%

Financials for Pinterest

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	1.1%	2,803	2,772	2,720	2,668	2,578
S&GA Expenses	15.7%	933	806	733	685	641
R&D Expenses	2.6%	949	925	856	804	780
EBITDA	-141.0%	-39.45	96.00	257	368	348
EBITDA Margin	-140.6%	-0.01*	0.03*	0.09*	0.14*	0.14*
Earnings Before Taxes	-238.3%	-85.94	62.00	227	340	321
EBT Margin	-236.8%	-0.03*	0.02*	0.08*	0.13*	0.12*
Net Income	-257.0%	-96.05	61.00	220	333	316
Net Income Margin	-255.3%	-0.03*	0.02*	0.08*	0.12*	0.12*
Free Cahsflow	-24.6%	469	623	711	696	753

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	4.6%	3,863	3,692	3,694	3,558	3,537
Current Assets	5.9%	3,455	3,262	3,246	3,207	3,182
Cash Equivalents	-3.6%	1,611	1,671	1,642	1,684	1,420
Net PPE	-9.6%	60.00	66.00	66.00	55.00	53.00
Goodwill	0%	100	100	40.00	-	-
Liabilities	6.1%	581	548	558	459	498
Current Liabilities	10.4%	381	345	351	226	260
Shareholder's Equity	4.4%	3,282	3,145	3,136	3,100	3,039
Retained Earnings	0.8%	-2,114	-2,132	-2,066	-2,023	-2,018
Additional Paid-In Capital	2.2%	5,408	5,293	5,216	5,134	5,060
Accumulated Depreciation	-	108	-	-	-	-
Shares Outstanding	1.0%	669	662	657	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-24.6%	469	623	711	696	753
Share Based Compensation	6.6%	497	466	426	409	415
Cashflow From Investing	-39.7%	-128	-91.81	-54.79	59.00	-25.86
Cashflow From Financing	-66.8%	-148	-89.27	-26.65	14.00	22.00

Risks for PINS

What is the probability of a big loss on PINS?

88.9%

Probability that Pinterest stock will be more than 20% underwater in next one year

80.8%

Probability that Pinterest stock will be more than 30% underwater in next one year.

63.0%

Probability that Pinterest stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PINS drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Pinterest was unfortunately bought at previous high price.

Drawdowns

Returns for PINS

Cumulative Returns on PINS

21.6%

3-Year Cumulative Returns

Which funds bought or sold PINS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-24	Freemont Management S.A.	new	-	444,008	444,008	0.07%
2023-03-23	MetLife Investment Management, LLC	reduced	-0.87	13,115	410,963	-%
2023-03-17	American Portfolios Advisors	reduced	-1.39	60,866	290,318	0.01%
2023-03-15	B. Riley Wealth Advisors, Inc.	reduced	-5.2	-6,197	300,803	0.01%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-60.27	-10,878,300	7,684,670	0.01%
2023-03-10	BAILLIE GIFFORD & CO	added	17.16	32,110,900	177,516,000	0.18%
2023-03-06	Rockefeller Capital Management L.P.	added	29.37	263,000	1,014,000	-%
2023-03-01	Regal Investment Advisors LLC	reduced	-7.58	-10,583	273,417	0.03%
2023-02-28	Mezzasalma Advisors, LLC	reduced	-0.87	26,928	853,928	0.74%
2023-02-28	Voya Investment Management LLC	added	719	-92,855,300	83,015,700	0.12%

Latest Funds Activity

Are funds buying PINS calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own PINS

No. of Funds

Pinterest News

Schedule 13G FIlings of Pinterest

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	silbermann benjamin	6.1%	38,887,125	SC 13G/A
Feb 14, 2023	sciarra paul cahill	6.1%	38,432,615	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	3.4%	20,073,874	SC 13G/A
Feb 09, 2023	vanguard group inc	9.21%	54,130,726	SC 13G/A
Feb 07, 2023	blackrock inc.	5.4%	31,580,322	SC 13G
Mar 11, 2022	blackrock inc.	5.5%	30,997,313	SC 13G/A
Feb 14, 2022	sciarra paul cahill	6.4%	38,442,615	SC 13G/A
Feb 14, 2022	price t rowe associates inc /md/	5.7%	32,359,618	SC 13G
Feb 14, 2022	silbermann benjamin	7.1%	43,479,697	SC 13G/A
Feb 09, 2022	blackrock inc.	4.9%	27,840,960	SC 13G/A

PINS Fair Value

Pinterest fair value in different scenarios

The table shows the Fair Value estimates for Pinterest for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	- -	- -	- -	- -	- -
Current Inflation	2.27 -91.44%	2.58 -90.27%	4.67 -82.39%	8.57 -67.68%	16.37 -38.27%
Very High Inflation	- -	- -	- -	- -	- -

Historical Pinterest Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Pinterest

View All Filings

Date Filed	Form Type	Document
Mar 28, 2023	4	Insider Trading
Mar 27, 2023	8-K	Current Report
Mar 22, 2023	4	Insider Trading
Mar 22, 2023	4	Insider Trading
Mar 22, 2023	4	Insider Trading
Mar 22, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Feb 27, 2023	3	Insider Trading
Feb 24, 2023	3	Insider Trading
Feb 24, 2023	4	Insider Trading

Latest Insider Trading transactions for PINS

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-20	Deputy Christine	sold (taxes)	-640,689	26.75	-23,951	chief people officer
2023-03-20	Gavini Naveen	sold (taxes)	-627,903	26.75	-23,473	svp, products
2023-03-20	Gavini Naveen	acquired	-	-	3,125	svp, products
2023-03-20	Morgenfeld Todd R	sold (taxes)	-1,810,120	26.75	-67,668	chief financial officer
2023-03-20	Ducard Malik	sold (taxes)	-680,252	26.75	-25,430	chief content officer
2023-03-01	JORDAN JEFFREY D	sold	-188,100	25.08	-7,500	-
2023-02-20	Acosta Andrea	sold (taxes)	-184,618	24.43	-7,557	chief accounting officer
2023-02-20	Ducard Malik	sold (taxes)	-444,748	24.43	-18,205	chief content officer
2023-02-20	Walcott Wanjiku Juanita	sold (taxes)	-331,857	24.43	-13,584	chief legal officer
2023-02-15	Gavini Naveen	sold	-1,294,110	24.7962	-52,190	svp, products

About Pinterest

Benjamin Silbermann

www.pinterest.com

3220

Pinterest, Inc. operates as a visual discovery engine in the United States and internationally. The company's engine allows people to find inspiration for their lives, including recipes, style and home inspiration, DIY, and others; and provides video, product, and idea pins. It shows visual machine learning recommendations based on pinners taste and interests. The company was formerly known as Cold Brew Labs Inc. and changed its name to Pinterest, Inc. in April 2012. Pinterest, Inc. was incorporated in 2008 and is headquartered in San Francisco, California.

PINS Income Statement

2022-09-30

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Revenue	$ 684,550	$ 632,932	$ 1,925,365	$ 1,731,372
Costs and expenses:
Cost of revenue	182,603	126,783	493,569	388,072
Research and development	254,684	185,949	683,740	539,408
Sales and marketing	229,873	156,092	615,863	450,754
General and administrative	86,765	65,659	239,738	206,399
Total costs and expenses	753,925	534,483	2,032,910	1,584,633
Income (loss) from operations	(69,375)	98,449	(107,545)	146,739
Interest income	9,318	765	13,771	3,382
Interest expense and other income (expense), net	(10,116)	(4,765)	(20,944)	(5,991)
Income (loss) before provision for (benefit from) income taxes	(70,173)	94,449	(114,718)	144,130
Provision for (benefit from) income taxes	(4,992)	453	(1,180)	2,391
Net income (loss)	$ (65,181)	$ 93,996	$ (113,538)	$ 141,739
Net income (loss) per share, basic (in dollars per share)	$ (0.10)	$ 0.15	$ (0.17)	$ 0.22
Net income (loss) per share, diluted (in dollars per share)	$ (0.10)	$ 0.14	$ (0.17)	$ 0.20
Basic weighted-average shares used in computing net income (loss) per share (in shares)	669,171	643,979	662,816	636,308
Weighted-average shares used in computing net income (loss) per share, diluted (in shares)	669,171	691,853	662,816	692,106

PINS Balance Sheet

2022-09-30

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 1,671,320	$ 1,419,630
Marketable securities	994,150	1,060,488
Accounts receivable, net of allowances of $10,120 and $8,282 as of September 30, 2022 and December 31, 2021, respectively	511,054	653,355
Prepaid expenses and other current assets	85,528	48,090
Total current assets	3,262,052	3,181,563
Property and equipment, net	65,922	53,401
Operating lease right-of-use assets	207,312	227,912
Goodwill and intangible assets, net	140,128	61,115
Other assets	16,795	13,247
Total assets	3,692,209	3,537,238
Current liabilities:
Accounts payable	88,601	17,675
Accrued expenses and other current liabilities	256,074	242,131
Total current liabilities	344,675	259,806
Operating lease liabilities	183,244	209,181
Other liabilities	19,748	29,508
Total liabilities	547,667	498,495
Commitments and contingencies
Stockholders’ equity:
Class A common stock, $0.00001 par value, 6,666,667 shares authorized, 586,583 and 568,228 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively; Class B common stock, $0.00001 par value, 1,333,333 shares authorized, 90,566 and 88,644 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively	7	7
Additional paid-in capital	5,292,789	5,059,528
Accumulated other comprehensive loss	(16,105)	(2,181)
Accumulated deficit	(2,132,149)	(2,018,611)
Total stockholders’ equity	3,144,542	3,038,743
Total liabilities and stockholders’ equity	$ 3,692,209	$ 3,537,238