Pinterest (PINS) Scheduled to Post Quarterly Earnings on Thursday

Pinterest (NYSE:PINS) is set to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Pinterest Stock Up 0.8 %

Pinterest stock opened at $32.28 on Tuesday. The firm has a market cap of $22.15 billion, a price-to-earnings ratio of 119.56, a price-to-earnings-growth ratio of 2.45 and a beta of 1.02. Pinterest has a 52 week low of $27.00 and a 52 week high of $45.19. The business’s 50-day moving average price is $31.75 and its 200 day moving average price is $36.37.

Insider Activity at Pinterest

In other Pinterest news, CFO Donnelly Julia Brau sold 30,280 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $32.72, for a total value of $990,761.60. Following the transaction, the chief financial officer now directly owns 297,351 shares of the company’s stock, valued at $9,729,324.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $33.52, for a total value of $38,548.00. Following the completion of the sale, the director now directly owns 33,686 shares of the company’s stock, valued at $1,129,154.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Donnelly Julia Brau sold 30,280 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $32.72, for a total value of $990,761.60. Following the completion of the sale, the chief financial officer now directly owns 297,351 shares of the company’s stock, valued at approximately $9,729,324.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.11% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on PINS. Royal Bank of Canada reiterated an “outperform” rating and set a $48.00 price target on shares of Pinterest in a research report on Thursday, September 12th. Roth Mkm reduced their price objective on Pinterest from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Evercore ISI reduced their price objective on Pinterest from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Benchmark reiterated a “hold” rating on shares of Pinterest in a report on Wednesday, July 31st. Finally, KeyCorp lifted their target price on Pinterest from $43.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Eight equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, Pinterest presently has a consensus rating of “Moderate Buy” and an average target price of $43.56.

About Pinterest

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.