Out Fox The $treet

Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios.  Learn More » Update - Nov. 8, 2024 Pinterest reported pretty solid Q3'24 numbers. The dip back to the lows around $30 makes no sense. The market is disappointed in guidance, but Pinterest still expects at least 15% growth.  -Q3 Non-GAAP EPS of $0.40 beats by $0.06. -Revenue of $898.37M (+17.7% Y/Y) beats by $1.93M. Outlook: For Q4 2024, we expect revenue to be in the range of $1,125 million to $1,145 million vs. consensus of $1.14B, representing 15-17% growth year over year. Original article posted on Nov. 5 Pinterest is set to report Q3'24 results on November 7, with consensus estimates reflecting strong growth. Despite market disappointment with original Q3 guidance, the business focus on social commerce and AI tools is driving higher engagement and ad budget gains from major brands. PINS stock is undervalued, trading at 18x 2025 EPS targets,...

Updated - Sept. 25  Oppenheimer sees nearly 50% upside on the $31 stock.  Oppenheimer initiated coverage of Pinterest ( NYSE: PINS ) with an "Outperform" rating on Tuesday. They think the company's platform is lending itself well to direct response advertising and believe investments in engagement and monetization will drive upside to long-term investor estimates, helped by its more  than 500 million monthly users. The research firm noted that while PINS's DAU base is the smallest among social media companies, they see upside to engagement. They also view the company's valuation as attractive at 12x EBITDA. Pinterest has a PT of $45, implying an upside of 48%.  Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios.  Learn More » Originally posted on Aug. 23 Pinterest produces consistent revenue growth, but the stock is struggling to gain traction. The social media company grew MAUs in...

  Pinterest, Inc. reported record Monthly Average Users while smashing Q3 2023 targets. The company is generating substantial leverage leading to strong cash flows. The stock is cheap at only ~20x updated EPS targets for 2024, while the social commerce opportunity is still only in the early stages. Out Fox The Street members get exclusive access to our real-world portfolios. See all of our investments  here »   While other social media stocks fell following Q3 '23 results,  Pinterest, Inc.  ( NYSE: PINS ) is soaring after reporting  good quarterly numbers . The social imaging company still isn't seeing the big benefits from social commerce, but  Pinterest is definitely back in growth mode. My  investment thesis  is ultra Bullish on the stock following the recent dip back to the mid-$20s. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details. 

  Pinterest reported a solid quarterly beat for Q1'23, but the company only grew revenues by 5%. The stock fell after hours due to guidance for double-digit operating expense growth in Q2'23, but the company needs to invest aggressively in enhancing the shopping experience. Pinterest quickly becomes cheap as the stock dips to 4x forward EV/S targets. This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More »   The market doesn't like the  Q2'23 guidance  from  Pinterest  ( NYSE: PINS ), but the numbers are clear that the social imaging company needs to spend to win the large market opportunity. The company has a large user base  that is currently being vastly under monetized suggesting more spending is needed. My  investment thesis  remains ultra Bullish on the stock following the after-hours dip. Read the full article on Seeking Alpha.  Disclosure: No position mentioned....

This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More »   Update - Feb. 6 Pinterest reports after the close with a big focus on users, not EPS or revenues in this tough market. -Pinterest (NYSE:PINS) is scheduled to announce Q4 earnings results on Monday, February 6th, after market close. -The consensus EPS Estimate is $0.28 (-42.9% Y/Y) and the consensus Revenue Estimate is $886.78M (+4.7% Y/Y). Update - Jan. 20 Always wonder about these analyst surveys when most people aren't very interested in surveys. It would be crazy that Pinterest  is struggling with advertising after Twitter has lost so many advertisers after the Musk deal. -Pinterest shares gave up 2% in pre-market trading Friday as MKM Partners analyst Rohit Kulkarni cut his rating on the social-information sharing company in large part due to cautious comments about online advertising. -Kulkarni lowered his opinion of Pinterest (PINS) to neutral fr...

  Pinterest is starting to see positive signs with the stock stabilizing above $20. Social media peer Snap provided a positive sign the ad market has stabilized potentially at a higher level. The company has the CEO in place to explore social commerce and boost ARPU placing the forward P/S multiple at 4.5x as historically cheap. This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More »   While  Pinterest  ( NYSE: PINS ) was one of the first companies to feel the pinch from normalized covid demand, the social media company is now starting to see positive signs of a turnaround. The market got far too negative on  the sector with the stock stabilizing around the pre-covid levels of $20. My  investment thesis  is ultra Bullish on the stock still trading in the bargain bin. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for...

  Pinterest hasn't seen much of a bounce after solid Q1'22 results with a market stuck on user growth issues. The company has the ability to vastly expand the monetization of the user base. The stock is cheap at less than 4x '23 revenue targets with a path to far higher revenues over time with or without future user growth. This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More » As the social media space faces drama with the  Twitter  ( TWTR ) buyout by Elon Musk taking a different twist every day, the market mostly ignored the better than feared  Q1'22 results  by  Pinterest  ( NYSE: PINS ). A research report suggesting the digital ad market will more than double by 2026 makes Pinterest a strong investment target after normalization following Covid pull forwards. My  investment thesis  remains very Bullish on the stock trading back close to the lows. Read the full article ...

  Pinterest reports a mixed picture for Q3'21 with MAUs again down 13 million sequentially. The stock is soaring AHs based on solid guidance and a return to user growth in January. The stock trades at ~6x sales targets making Pinterest appealing here with a return to user growth and a long path towards higher ARPUs. This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More » Following the horrendous Q4'21 results from  Meta Platforms  ( FB ), the market was fearing the worst from  Pinterest  ( PINS ) heading into their quarterly report. The company didn't exactly wow investors with the  quarterly numbers , but the stock is soaring on better than feared guidance. My  investment thesis  is more Bullish on Pinterest in the low-$30s following a 50% decline in the stock heading into earnings. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review t...

  Pinterest continues to trade near the lows of 2021 as user questions mount with the tough comps from the COVID-19 shutdowns. The social media platform has grown revenues by 50% in the last year and should maintain solid revenue growth due to higher ARPUs. The stock isn't cheap at 10x EV/S multiple, but investors should buy the company on a market induced dip. Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our model portfolio.  Learn More » The stock market can be a fickle place with a company valued based on the last quarterly results, not the normal growth rates of the business.  Pinterest  ( PINS ) is a prime example of a business that boomed during COVID-19 lockdowns and is now struggling with tough comps. My  investment thesis  is turning more Bullish on the stock after the excess valuations of early 2021. Read the full article on Seeking Alpha.  Disclosure: Long TWTR. Please review the disc...

Pinterest never provided the major selloff opportunity. The coronavirus fears offer an ideal entry point around $21. The stock now trades at only 5.7x forward EV/S targets despite 30% growth expectations. Sometimes stocks just run and investors have to pass on them while waiting for a better entry point.  Pinterest  ( PINS ) fit into this category following the substantial rally in early 2020, but the market dip following the coronavirus outbreak is providing another opportunity here. Read the full article on Seeking Alpha.  Disclosure: Long TWTR. Please review the disclaimer page for more details. 

Pinterest ended the year down over 20% from their initial trading price of $23.75. A lot of high profile 2019 IPOs flopped. The social media stock has the most promising valuation and path to profits. My target is still $15 with a forward EV/S multiple of 5.3x. A broken IPO can be one of the best ways to buy a great company at a reasonable price. With 2019 being a year where prominent IPOs failed to live up to expectations,  Recode   highlighted  the stocks that struggled in 2019 and unfortunately most of the stocks on the list aren't appealing after their busted IPO due to weak financials. One stock stands out with my  negative investment  thesis about to turn bullish. Read the full article on Seeking Alpha.  Disclosure: Long TWTR. Please review the disclaimer page for more details. 

Pinterest dipped 20% following investor disappointment over Q3 results. The company actually generated strong revenue and MAU growth showing the existence of a good business. The market remains partially offside on Pinterest by not using the fully diluted share count of 651 million shares. Based on the other social stock valuations, my ideal target remains ~$15. The general impression from the Q3 results for  Pinterest  ( PINS ) was a solid quarter. The stock fell up to 20% following the report as the problem was the valuation was priced for perfection. Even strong revenue growth wan't enough to keep the stock valuation above $15 billion and investors shouldn't expect much upside with the stock still at $20. Read the full article on Seeking Alpha.  More commentary - WhoTrades Disclosure: Long TWTR. Please review the disclaimer page for more details.