A Stock Check: Which direction Pinterest Inc (PINS) will move from here?

The social networking company Pinterest Inc (PINS) rose 226% in the past year. If the price has increased significantly, is it worthwhile to acquire these shares? The answer may be highly favorable when a long-term investment is considered.

Pinterest recovered sales relatively quickly after the onset of COVID-19 slowed growth in the second quarter of 2020. During the third quarter, revenue increased 60%, then increased by 80% in the fourth quarter, reaching $706 million in revenue. The MAU volume has increased to over 100 million in 2020. That figure increased by 37% year on year.

In its favor, Pinterest Inc (PINS) has no issues with fake news or accusations that they influence public opinion. Users are given a chance to develop hobbies, exchange skills in handicrafts, and much more with the company’s pages of interest. As a result, Pinterest remains relevant to users regardless of economic and political conditions.

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Pinterest’s growing revenues and user base have allowed it to move toward GAAP profitability gradually. Adjusted EBITDA is also increasing. During the fourth quarter of 2020, this metric displayed a profit margin of 42%, which is nearly 2.5 times greater than the 19% margin in the prior quarter.

According to Pinterest Inc (PINS), it expects its revenue to grow about 70% YoY in the first quarter of 2021, outpacing Wall Street’s outlook for just over 50%. The growth of Pinterest can thus continue for a long time since it is a young company. However, PINS shares are likely to be more appealing for long-term investors at the current high prices.

Pinterest Inc. (NYSE: PINS) ‘s share price is now approximately $79.41, meaning its value has soared 686.24% above its 52-week low. Shares of PINS have traded between $81.70 and $79.03 in intraday trading. Over the last 52 weeks, shares of the company have reached highs of $86.49 and lows of $10.10, whereas recent intraday trading sessions showed a -0.50% change.

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