Pinterest (PINS) Scheduled to Post Quarterly Earnings on Thursday

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

Pinterest Stock Up 0.8 %

Shares of NYSE:PINS opened at $32.28 on Tuesday. The company’s fifty day moving average is $31.75 and its two-hundred day moving average is $36.37. Pinterest has a 12-month low of $27.00 and a 12-month high of $45.19. The company has a market cap of $22.15 billion, a P/E ratio of 119.56, a price-to-earnings-growth ratio of 2.45 and a beta of 1.02.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PINS shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Pinterest in a report on Monday, September 23rd. They set a “buy” rating and a $43.00 price target on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $41.00 price target on shares of Pinterest in a report on Monday, October 7th. Citigroup lowered their price target on shares of Pinterest from $51.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $48.00 price objective on shares of Pinterest in a report on Wednesday, July 31st. Finally, Raymond James decreased their price objective on shares of Pinterest from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Eight research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, Pinterest currently has a consensus rating of “Moderate Buy” and an average price target of $43.56.

Insider Buying and Selling

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $33.52, for a total transaction of $38,548.00. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $33.52, for a total value of $38,548.00. Following the sale, the director now directly owns 33,686 shares of the company’s stock, valued at approximately $1,129,154.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Donnelly Julia Brau sold 30,280 shares of the company’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $32.72, for a total transaction of $990,761.60. Following the completion of the sale, the chief financial officer now directly owns 297,351 shares in the company, 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 corporate insiders.

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.