Pinterest Stock News

Pinterest, Inc. (NYSE:PINS ) Goldman Sachs Communacopia + Technology Conference September 11, 2024 11:10 AM ET Company Participants Bill Ready - CEO Conference Call Participants Eric Sheridan - Goldman Sachs Eric Sheridan All right. I think we're going to get started.

Stock price doesn't tell you everything. CVS Health is dealing with hurdles for its business, but dividend investors might want to take a second look.

“It takes money to make money.” While that used to be true on Wall Street, it is no longer the case.

Pinterest produces consistent revenue growth, but the stock is struggling to gain traction. The social media company grew MAUs in Q2 to a record 522 million, up 12% YoY. The stock is a bargain at the current 5x forward EV/S multiple after the steep decline in the last month.

Form 13Fs provide investors with an inside look at what Wall Street's smartest asset managers were buying and selling in the June-ended quarter. Ken Griffin and his investment team disposed of more than 9.28 million shares of Nvidia stock during the second quarter.

Pinterest stock collapsed as the market was disappointed in the growth outlook, but long-term investors are unfazed. The company continues to post strong top and bottom-line growth as it rolls out its advertising partnerships. The market may be missing the big picture here - this is a high quality stock trading at low valuations.

Pinterest reported its Q2 FY24 earnings where revenue and Adjusted EBITDA grew 21% and 68% YoY respectively, with strong MAU and ARPU growth. The company continued to drive robust AI-led product innovation to help users navigate their shopping journey from inspiration to actionability, while delivering higher ROI on ad spend for advertisers. However, the stock declined post earnings, as investo...

Form 13Fs allow investors to see which stocks Wall Street's prominent money managers have been buying and selling. More than a half-dozen billionaires dumped shares of artificial intelligence (AI) leader Nvidia for a third consecutive quarter.