Monthly active users on Pinterest (PINS) dropped because engagement waned as Covid-19 restrictions were lifted and consumers ventured outside. Pinterest ended the quarter with 454 million monthly active users, below expectations of 482 million. Pinterest stock plunged 7% in reaction.
Similarly, Is Pinterest a good long-term investment?
Pinterest has a massive market opportunity, and is making great strides in profitability and selling at a bargain price. For those reasons, Pinterest is an excellent stock for long-term investors.
Is Pinterest a good stock buy? The Company Is Also Profitable
In addition to its revenue growth, PINS stock trades at 31 times next year’s earnings estimates. While that’s not screamingly cheap, it’s important because it implies one key observation: Pinterest is profitable.
Thereof, How does Pinterest make money?
Pinterest makes its money via advertising, specifically, promoted pins. These promoted pins are ads that look similar to user-generated pins (posts). The company has integrated a “buy it” button which permits users to buy pinned products directly from Pinterest, rather than visiting a separate merchant site.
Is Pinterest a good stock to buy 2022?
Throughout 2022, Pinterest might be rumored to be an acquisition target and continue to see some stock price volatility as a result. However, if Pinterest continuously turns them down, investors should be encouraged, as it means management believes future growth far outweighs the purchase price offered at the present.
Will Pinterest stock go up?
Key Points. Pinterest has 447 million monthly active users. Its stock would need to more than double in 2022 to reach triple digits. All paths to a rising stock price will likely need to go through an increasing user base.
Is Pinterest stock undervalued?
Is Pinterest Stock undervalued? Depends on your opinion of Pinterest. Some investors believe it is overvalued due to the niche market and reliance on ad revenue, others believe that it is undervalued as the figures show great potential for 2021 and onward, despite COVID-19.
Who is Pinterest biggest competitor?
Pinterest’s top competitors include Tastemade, Houzz, Google, Amazon, Snap, Twitter, Instagram and Meta. Pinterest is a company that develops a social networking site for saving and discovering creative ideas.
Who is Pinterest owned by?
Ben Silbermann is cofounder and the CEO of the photo bookmarking site Pinterest, which went public in April 2019. Silbermann owns a 38% stake in the company, which had 454 million users worldwide as of June 2021.
Who invested in Pinterest?
Series E: Pinterest receives a $225 million round of equity funding that valued the website at $3.8 billion. Investors include Fidelity Investments (new), as well as FirstMark Capital, Andreessen Horowitz, Valiant Capital Partners, Bessemer Venture Partners (from Series D).
Who is going to buy Pinterest?
Shares of Pinterest soared Wednesday after Bloomberg first reported PayPal may acquire the social media company. PayPal has discussed acquiring the company for a potential price of around $70 a share, which would value Pinterest at about $39 billion, according to Bloomberg.
Why is Pinterest stock crashing?
Pinterest shares tumbled after a downgrade by Guggenheim. The firm cited data that users were leaving the platform. Analysts downgraded the stock to Neutral from Buy and lowered the price target to $39 from $46.
Is Pinterest a profitable company?
For the full year, Pinterest posted GAAP net income of $316.4 million, compared with a net loss of $128.3 million in 2020. Global monthly active users fell 6% from the year-end 2020 figure, ending 2021 at 431 million.
What kind of stock is Pinterest?
Class A Common Stock (PINS)
What’s wrong with Pinterest stock?
Pinterest stock has fallen more than 50% over the past 6 months. The company has underperformed peers as it has struggled to sustain user growth rates. Pinterest has cash equivalent to nearly 10% of the market cap, and the company is generating ample free cash flow.
Is PayPal buying Pinterest?
Although a rumored PayPal acquisition of Pinterest isn’t happening, the potential deal indicates the fintech giant could be more heavily focused going forward on the social commerce space, which involves consumer purchases made on social media platforms.
Is there an alternative to Pinterest?
Mix. Mix is a great alternative to Pinterest. When you sign up to the site, you’ll choose from several topics you’d like to see in your feed, including fashion, architecture, music, funny posts, nature, and more. When you see a post you like, you can hit the Mix button, which adds it to a collection on your profile.
Does Pinterest compete with Facebook?
Many people view Pinterest as a social media company that competes with Facebook ( FB 0.40% ) or Snap ( SNAP 3.31% ). Indeed, they’re listed as Pinterest’s competitors in its registration statement.
Who are Reddit’s competitors?
Reddit’s competitors
- Reddit.
- Gizmodo.
- 9GAG.
- Digg.
- Quora.
- Tumblr.
Can I make money with Pinterest?
You don’t need a million followers to make money on Pinterest. In fact, anyone who includes affiliate links in their pins or offers products on their own website can make money online using the strategies mentioned earlier. However, how much money you make can be impacted by your followers and engagement.
What is the net worth of Pinterest?
How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Pinterest net worth as of April 14, 2022 is $15.1B.
What is Pinterest good for?
Pinterest is a visual discovery engine for finding ideas like recipes, home and style inspiration, and more. With billions of Pins on Pinterest, you’ll always find ideas to spark inspiration. When you discover Pins you love, save them to boards to keep your ideas organized and easy to find.
Join TheMoney.co community and don’t forget to share this post !
