Essentially, the business faces fundamental challenges that should not be ignored.įor one thing, the improvement in MAU count represents a relative uptick. While not taking anything away from the enormous rally of PINS stock, investors must recognize that moving forward, strong performances may be harder to come by. At the moment, early bird investors only gained about 31%, which is somewhat disappointing.Ĭonsidering that steep obstacles remain, it may be time to consider selling PINS stock into strength. Also, it’s worth noting that Pinterest’s initial offering price was $19 a share. Since the beginning of this year, PINS stock has fallen nearly 36%, reflecting a significant uphill battle ahead. Of course, one solid earnings report usually doesn’t change the entire trajectory of an embattled organization. Last Friday, PINS stock gained nearly 14% in equity value. Amid subscriber losses in rival social media platforms, going in the opposite (and positive) direction certainly helps Pinterest’s case. Per TipRanks reporter Shrilekha Pethe, Wall Street may have been reassured that Pinterest stabilized its user base. On the top line, “revenue rose 8% year-over-year to $684.55 million and beat the consensus by $18.37 million.” Perhaps most significantly, global monthly active users stood at 445 million, an improvement over Q2’s haul of 433 million.
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