Pinterest Stock Down 20% Since Q2 Earnings, What Is The Likelihood Of A Rise?

September 2nd, 2021 by Trefis Team
PINS: Pinterest logo
PINS
Pinterest

Pinterest’s stock (NYSE: PINS), declined by 5% to $57 in the last twenty-one trading days. In comparison the broader S&P500 rose by 0.6%  over the last twenty-one trading days. Overall Pinterest’s stock has been around the same range since late July post its Q2 2021 earnings. The stock fell by nearly 18%  in a day post Q2 results despite beating the consensus estimates for revenue and earnings. The fall was triggered as the company reported a decline in monthly active users in the U.S., 454 million monthly active users, down more than 5% from the 478 million the company reported in April. This has also led investors to think that maybe the U.S. market is maturing for the company. Now, is PINS stock poised to grow? Based on our machine learning analysis of trends in the stock price over the last ten years, there is a 51% chance of a rise in PINS stock over the next month (twenty-one trading days). See our analysis on Pinterest Stock Chances Of Rise for more details.

Five Days: PINS 1.5%, vs. S&P500 0.6%; Outperformed market

(47% event probability)

  • Pinterest’s stock rose 1.5% over a five day trading period ending 9/01/2021, compared to the broader market (S&P500) which rose 0.6%
  • A change of 1.5% or more over five trading days has a 47% event probability, which has occurred 276 times out of 593 in the last two years
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Ten Days: PINS 5.2%, vs. S&P500 2.9%; Outperformed market

(40% event probability)

  • Pinterest’s stock rose 5.2% over the last ten trading days (two weeks), compared to the broader market (S&P500) rise of 2.9%
  • A change of 5.2% or more over ten trading days has a 40% event probability, which has occurred 236 times out of 588 in the last two years

Twenty-One Days: PINS -5%, vs. S&P500 2.4%; Underperformed market

(28% event probability)

  • Pinterest’s stock declined 5% over the last twenty-one trading days (one month), compared to the broader market (S&P500) rise of 2.4%
  • A change of -5% or more over twenty-one trading days has a 28% event probability, which has occurred 164 times out of 577 in the last two years

 

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