Long Position on PINS @ $71.00 on 3/24/2021 (Fundamentals)

Pinterest, Inc. (PINS) provides 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. It shows them visual recommendations based on people personal taste and interests.

The company was formerly known as Cold Brew Labs Inc. and changed its name to Pinterest, Inc. in April 2012.

Pinterest reported 4th Quarter December 2020 earnings of $0.66 per share on revenue of $705.6 million. The consensus earnings estimate was $0.32 per share on revenue of $645.6 million. Revenue grew 76.4% on a year-over-year basis.

The company said it expects first quarter revenue of approximately $469.0 million. The current consensus revenue estimate is $424.66 million for the quarter ending March 31, 2021.

This stock should see an increase in share prices, as the segment continues to move higher.

Entry Point: $71.00

Trading Range: $13.38 - $89.90

Stop Loss: $67.50

Target Price: $78.00

Updates

4/5/2021 9:48:52 AM

PINS closed at $80.

Position closed on 4/5/2021 at price of $80.00 with a 12.68% gain in 12 days.

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