Pinterest (PINS) Projected to Post Earnings on Thursday

Pinterest (NYSE:PINS) is expected to be issuing its quarterly earnings data after the market closes on Thursday, February 6th. Analysts expect Pinterest to post earnings of $0.63 per share and revenue of $1.14 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Pinterest Stock Up 1.0 %

Shares of NYSE PINS opened at $33.23 on Thursday. Pinterest has a twelve month low of $27.00 and a twelve month high of $45.19. The stock’s 50 day moving average price is $30.88 and its 200-day moving average price is $31.83. The company has a market capitalization of $22.46 billion, a PE ratio of 110.77, a PEG ratio of 1.61 and a beta of 1.04.

Insider Buying and Selling at Pinterest

In related news, insider Wanjiku Juanita Walcott sold 11,862 shares of Pinterest stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total transaction of $365,586.84. Following the completion of the sale, the insider now owns 246,921 shares of the company’s stock, valued at $7,610,105.22. The trade was a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $29.73, for a total value of $34,189.50. Following the completion of the transaction, the director now directly owns 32,536 shares of the company’s stock, valued at $967,295.28. The trade was a 3.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,157 shares of company stock worth $589,131 over the last ninety days. Company insiders own 7.11% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on PINS. KeyCorp lowered their price objective on Pinterest from $39.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Rosenblatt Securities dropped their price objective on Pinterest from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Wedbush reissued an “outperform” rating and issued a $38.00 price target on shares of Pinterest in a research note on Tuesday. Wells Fargo & Company cut their price objective on shares of Pinterest from $40.00 to $39.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Finally, Monness Crespi & Hardt raised Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Friday, January 10th. Nine analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.70.

Pinterest Company Profile

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.