The company has a market cap of 33.71 billion, a P/E ratio of 27.42, a PEG ratio of 4.43 and a beta of -0.61. The business has a 50-day moving average price of 109.72 and a two-hundred day moving average price of 115.04.
Fidelity and Valiant Capital Partners also hold significant stakes. Shares of Zoom Video Communications stock opened at 112.97 on Thursday. Bessemer Venture Partners, FirstMark Capital and Andreessen Horowitz, which invested in the company’s early days, will score big. Other rivals include Allrecipes, a recipe website Houzz, a home-improvement website and Tastemade, a cooking content company.Īs a private company, Pinterest raised $1.5 billion from investors, many of whom will reap outsize paydays. The focus on personal growth and planning, rather than on comments and interactions with others, has helped Pinterest sidestep much of the bullying, toxic behavior and disinformation that have plagued other social platforms in recent years.īut Pinterest, which makes money from advertising, faces heavy competition from those companies, including Facebook and its Instagram subsidiary. Its 250 million monthly active users, or pinners, use the site to plan important aspects of their lives, including home projects, weddings and meals. Pinterest is not a social media app for interacting with celebrities or broadcasting one’s life, the company said in its I.P.O. “You want to set reasonable expectations and work really hard to exceed them.” “You don’t want to overhype anything,” Mr. Pushing for a higher share price in its offering would not have been a good long-term strategy, he said. Rick Heitzmann, managing director at FirstMark Capital, one of Pinterest’s first investors, said Pinterest’s understated culture served it well in the I.P.O.
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