Pinterest (PINS) Set to Announce Quarterly Earnings on Thursday

Pinterest (NYSE:PINS) will be releasing 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. Investors that are interested in registering for the company’s conference call can do so using this link.

Pinterest Price Performance

Shares of NYSE PINS opened at $32.73 on Wednesday. The stock has a fifty day moving average price of $31.77 and a 200 day moving average price of $36.37. Pinterest has a 1-year low of $27.00 and a 1-year high of $45.19. The company has a market cap of $22.46 billion, a PE ratio of 121.22, a P/E/G ratio of 2.47 and a beta of 1.02.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PINS shares. Piper Sandler reaffirmed an “overweight” rating and issued a $45.00 target price on shares of Pinterest in a report on Friday, September 13th. The Goldman Sachs Group boosted their target price on Pinterest from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Susquehanna reduced their price target on Pinterest from $50.00 to $45.00 and set a “positive” rating for the company in a report on Wednesday, July 31st. Wedbush decreased their price target on Pinterest from $46.00 to $37.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Finally, UBS Group cut their price objective on Pinterest from $57.00 to $52.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Eight investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, Pinterest currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.56.

Insider Buying and Selling

In other news, CFO Donnelly Julia Brau sold 30,280 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 297,351 shares of the company’s stock, valued at $9,729,324.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Donnelly Julia Brau sold 30,280 shares of Pinterest stock in a transaction on Friday, September 27th. The stock was 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 owns 297,351 shares of the company’s stock, valued at $9,729,324.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the transaction, the director now 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 disclosure for this sale can be found here. 7.11% of the stock is currently owned by company insiders.

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.