Pinterest is trading today at -6% to its IPO price and is nearly 60% cheaper from its IPO price to sales ratio. The company is relatively new to the public markets as it went IPO in April of 2019. Now you may be saying what growth stock isn't over 50% from its all-time highs, and well you would be right. Where Has Pinterest Been? And Why a New CEO?Ĭurrently Pinterest is over 54% from its share price just a year ago and 73% off its all-time highs reached in early 2021. So, does Bill Ready have the vision and plan to accomplish this? Let's find out. For some time now the question in the market has been is Pinterest a social media company, an advertising company, or e-commerce company? How will the company capture future growth and profits? What investors do know is that Pinterest has a massive active monthly user base at 433 million, which if capitalized on correctly could yield large returns for all. What do I mean by "over the hump"? The company has been very volatile regarding its profitability, monetization of its user base, and share price. I believe Pinterest (PINS) may have found the right leader who has the exact experience and mindset to get Pinterest "over the hump". Pinterest currently faces several short headwinds like many growth stocks and e-commerce companies but also has some definite long-term tailwinds to ride too.Īnyone who listened to Pinterest leadership speaks at the Goldman Sachs Communacopia + Technology Conference got to learn Bill Ready's management style and business model goals for Pinterest. Pinterest has a new CEO in Bill Ready who has over 14 years of experience in the commerce and fintech market.Īfter only three months in the role, he appears to have a clear vision and focus on how the company must operate moving forward. Pinterest: Can The CEO Get Them Over The Hump?
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