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PINTEREST INCPINTEREST INCPINTEREST INC

PINTEREST INC

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PINS trade ideas

PINS possibilitiesPinterest has had a double-bottom right near the initial opening IPO price after a large unexpected loss on its first earnings. The price took a solid cut, but investors are still bullish given its solid numbers in revenue and user activity (definitely more important, to an extent). I'm tracking two possible scenarios: 1) The current price is sitting on the edge of the gap down after earnings. There's a gap to fill above and the recent movement and volume suggests this could fill soon. 2) And on the other hand, the price is nearing the top of the channel it has traded in since earnings. Another retest of support probably won't hold in my opinion. I admit that I am bearishly biased here, but social media stocks seem to lose half of their IPO value before finding any traction (~$12 in the case of Pinterest). All said, I'm remaining neutral until I see the next move. A break above and I'll go long for the gap to ~$30; a reversal from this area and I will go short at least until it reaches the bottom of the channel (but hopefully further). I don't have a solid time or price target on this move, but I would expect $20-21 to be the first stop. Disclaimer: This is my own SPECULATIVE opinion and is not financial advice.
NYSE:PINS
by spyder3909
Pinterest reports smaller 1Q loss but results drag stockPinterest, fresh off its initial public offering, posted a loss for the first three months of the year that was larger than analysts were expecting, though revenue was slightly stronger. Its revenue forecast, though, was slightly below expectations and its shares slumped in after-hours trading. The company, which runs a digital pinboard and shopping tool, said Thursday that its net loss was $41.4 million, or 33 cents per share, in the January-March period. Its revenue grew 54% to $202 million from $131 million. The quarter's adjusted loss was 32 cents per share.
NYSE:PINSShort
by Market_Referee
$PINS CAUTIOUS INTO PINTEREST INC. EARNINGS The current stock price of $28 seems to be quite a reasonable level, at least that is what they 14 analysts covering the name think. They have a average HOLD rating and a price target of $28, from which we should expect very little fluctuation on earnings . Today's earnings reaction could dictate the stocks performance for the foreseeable future. Hopefully expectations are meet and no mass sell off ensues, but we keep in mind the first few quarters of TWILIO and the volatility involved.
NYSE:PINS
by RedHotStocks