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Pinterest, Inc.

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PINS trade ideas

Why did Pinterest’s shares surge 16% last Friday?Pinterest’s (NYSE:PINS) shares closed up 16.2% on Friday on the New York Stock Exchange after the Wall Street Journal reported after market hours on Thursday that activist investor Elliott Investment Management has built a stake in the digital pinboard platform. Top-level departures The news came just two weeks after the company, which has been struggling with declining monthly active user numbers, announced that founder and CEO Ben Silbermann, has stepped down from the top job after more than a decade at the helm. Silbermann, 39, co-founded Pinterest with Paul Sciarra and the company’s former chief design and creative officer Evan Sharp in 2010. He was succeeded by Bill Ready, formerly from Google. The Information reported in late January that Pinterest had lost at least seven senior executives — in roles ranging from creator marketing to corporate development — at the time. Losses mount on shrinking user base The CEO change came as Pinterest booked another quarterly loss in the first quarter of 2022. Net loss totaled $5.3 million in the three months ended March 31, down from $21.7 million a year earlier, while revenue surged 18% year over year to $574.9 million. Still, the company continues to suffer from declining user numbers. Its global monthly active users (MAUs) in the first quarter narrowed 9% from a year ago to 433 million, falling short of estimates. In 2021, the company’s MAUs shrank 6% from 2020 to 431 million. TikTok wannabes Pinterest has employed various measures to bring back users to its platform including attempting to be like TikTok. The platform launched a video-first feature called “Idea Pins” in May 2021, allowing users to post short-form videos. It follows the launch of a “watch feature” in October 2021 that was similar to TikTok’s feature in which users scrolled through short videos. Pinterest is not the only app to attempt to be like TikTok. Even Meta Platforms’ (NASDAQ:META) Facebook and Instagram apps have introduced “Reels” to their platforms as the short-form video trend gains more momentum. Alphabet’s (NASDAQ:GOOGL) YouTube also introduced “Shorts” in late 2020 to keep up with the trend. Elliott stepping in With Elliott Investment Management reportedly taking a more than 9% stake in Pinterest to become the group’s largest shareholder, the activist investor could prompt Pinterest to speed up the restructuring of the platform’s business strategy. Elliott is known for being an aggressive activist investor and among the most notable changes it helped carry out was the 2021 departure of Jack Dorsey as CEO of Twitter (NYSE:TWTR), the company he co-founded. Elliott has also pushed for the spinoff of certain assets from eBay (NASDAQ:EBAY), leading to the divestment of StubHub in 2019 and Classifieds in 2020. The WSJ report, which cited people familiar with the matter, said Elliott has been in talks with Pinterest over the past several weeks, although the subject of their discussions could not be determined. Kenneth Squire, chief investment strategist at shareholder activism research firm 13D Monitor, said Elliott’s investment “is a sign of confidence in Ready’s ability to pursue several opportunities to better monetize the company’s user base.” Elliott Investment Management could push Pinterest to boost its ad revenue in global markets where they are getting 10 to 20 cents per month per user. The platform could also increase its revenue by bolstering its e-commerce service. “Given their expertise and history, we would expect Elliott to look for a board seat here, like they did at eBay and Twitter,” Squire said. Squire expects the shakeup of Pinterest to be amicable as Elliott has gained a lot of respect from shareholders and directors in the tech sector since it shook things up at Twitter and eBay. Pinterest’s shares are down 44% year-to-date as of Friday, and down 71% from a year earlier.
NYSE:PINS
by BlackBull_Markets
2
PINS: Activist could change fortunes?Pinterest Short Term - We look to Buy at 18.86 (stop at 16.57) This stock has recently been in the news headlines with hedge fund Elliot Management reported to have taken 9% stake in the social media company. The bullish engulfing candle on the 4 hour chart the positive for sentiment. There is scope for mild selling at the open but losses should be limited. Support is located at 18.00 and should stem dips to this area. We look to buy dips. Our profit targets will be 24.90 and 27.00 Resistance: 25.00 / 28.00 / 36.00 Support: 17.00 / 12.00 / 6.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’ ). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:PINSLong
by VantageMarkets
1
$PINS likely will be aquired in the future In 2021 $PINS had two looks at being acquired for around $45-51 billion by PayPal and Microsoft. While these deals didn't go through they are still a highly likely likely acquisition target with their larger user base of 440 million. With a $14.5 billion current market cap there is great upside if a future acquisition is even below the previous targets.With the user growth already ticking up again and a profitable business model I believe $PINS is a good value aside from acquisition as well. Their advertising business is primarily keyword targeting similar to how google search works which is one of the most accurate types of advertising which fetches the highest returns. Right now they are making about 50 cents EPS with a 12.5% net margin, due to their high gross margins this can easily move up to 20-30% in the future. If they execute their business well they could potentially fetch a higher acquisition price in the future or in a more bearish case they would still likely sell out at a lower price then previously offered but still a substantially large share price compared to what they are currently trading at.
NYSE:PINSLong
by Yogigolf
Don't pin your hopes on this Pinterest Short Term - We look to Sell at 22.42 (stop at 24.30) Our outlook is bearish. The medium term bias remains bearish. We can see no technical reason for a change of trend. 20 1day EMA is at 22.00. Preferred trade is to sell into rallies. Our profit targets will be 15.71 and 13.70 Resistance: 22.00 / 28.00 / 40.00 Support: 18.50 / 15.00 / 10.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:PINSShort
by Saxo
2
Pinterest (NYSE: $PINS) Is A Top Social Media Company! 📍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.
NYSE:PINSLong
by RedHotStocks
1
Expecting PINS to Break Out and Hit ~$35PINS has been trading around this volume area/Monthly/Weekly SR level for a while now, and looks like it is getting ready to break out. The Weekly MACD has shown the 'buy signal' and shorter term indicators (EMAs, MACD) are fairly bullish as well. I am targeting $35 since that is the next volume area, and also a Monthly SR level. There is a gap below that needs to be filled, so planning an entry around that would be ideal, and gives very good RR as well. If it doesn't retrace, then playing the breakout over the Weekly SR is fine too. Also worth noting is that past $35, there is a lot of room for it to run as there are no major (Monthly/Weekly) SR levels until ~$60. But I wouldn't get greedy and look for that.
NYSE:PINSLong
by DefiJoth
Pinterest Breaking Through Resistance? Pinterest - Short Term - We look to Buy a break of 26.97 (stop at 25.27) Trading within the Channel formation. 26.50 continues to hold back the bulls. A break of bespoke resistance at 26.50, and the move higher is already underway. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets will be 31.53 and 34.00 Resistance: 26.50 / 32.00 / 40.00 Support: 25.00 / 22.00 / 15.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:PINSLong
by Saxo