![]() On the conference call, management noted that they had also slowed the pace of hiring, rationalized infrastructure spending and closed down smaller offices. That cost discipline is beginning to have an impact on quarterly results, with most cost buckets staying stagnant sequentially or even declining. The two entities reached an agreement in December which seems to have led to PINS doing a round of layoffs. PINS had previously soared strongly in July of last year after activist investor Elliott Management disclosed a sizable stake in the company. ARPU grew by 1% globally, again in spite of weakness in Europe where it declined by 9% YOY. PINS was the only social media company to show growth in average revenue per user ('ARPU') - likely due to the low nominal ARPU. While that growth rate pales in comparison to that seen at SNAP or Meta Platforms ( META), it is still promising to see a return to growth after several quarters of declines. Monthly active users ('MAUs') continued to show strength, growing just over 1% sequentially and 4% YOY. Like many tech firms, PINS saw great weakness in Europe in which revenue declined by 7% YOY, likely due to the Russia-Ukraine war. In its most recent quarter, PINS grew revenue by 4% YOY or 6% constant currency. That thesis has not materialized, as the weak macro backdrop took its toll. ![]() I last covered PINS in January where I rated the stock a buy on account of the potential for accelerating growth as the company laps tough comps. While PINS remains far below all time highs reached in early 2021, the stock has bounced strongly off the lows. ![]() The valuation is not as cheap as it has been over the past couple of quarters due to the involvement of activist investors, but PINS remains buyable as one awaits a recovery in both the economy and tech sector valuations. Yet unlike unprofitable rival Snapchat ( SNAP ), PINS entered this storm from a position of strength, with solid profit margins and a pristine balance sheet highlighted by $2.7 billion of net cash. Whereas growth was expected to accelerate exiting 2022 due to lapping tough pandemic comps, growth has instead continued to decelerate as demand for advertising decreased. It studies various charts of various time frames to reach a prediction value.Like many online advertising companies, Pinterest ( NYSE: PINS) has seen material impact to its fundamentals due to the tough macro backdrop. The AI algorithm does a complete analysis of charts of the stock, and determines where the stock might go in future. The AI Munafa prediction value is a complicated algorithm. How is AI Munafa prediction value determined? If the AI Munafa prediction value is near 50, then the stock might show a sideways movement. However, if this AI prediction value is near or nearing 10, then this stock might very well show a downward movement. If this AI Munafa prediction value is near or nearing 100, then this stock might show an upward movement. AI Munafa prediction value: 40 as on Mon 14 August 2023 There's a good chance that this upwards movement will continue tomorrow as well. Generally this happens when there is a positive sentiment following the stock, making it attractive. This stock started moving upwards as soon as it opened. Tomorrow's movement Prediction of Pinterest Inc PINS appears strongly Bullish. This happens when sentiment changes towards negative. Tomorrow's movement Prediction of Pinterest Inc PINS made a major fall in previous days. ![]() Price is below an important level of 26.82 on charts, and if price remains below this level, then stock might show a fall in short term. And this trend seems to be continuing further. Tomorrow's movement Prediction of Pinterest Inc PINS appears to be in downtrend.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |