Pinterest, Inc. (NYSE:PINS – Get Free Report) CFO Donnelly Julia Brau sold 30,280 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $44.38, for a total value of $1,343,826.40. Following the completion of the sale, the chief financial officer now directly owns 362,822 shares of the company’s stock, valued at $16,102,040.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Pinterest Trading Up 0.4 %
PINS opened at $43.26 on Wednesday. The company has a 50 day moving average of $41.64 and a 200 day moving average of $38.00. Pinterest, Inc. has a 12 month low of $23.59 and a 12 month high of $45.19. The company has a market cap of $29.55 billion, a PE ratio of 206.01, a price-to-earnings-growth ratio of 4.32 and a beta of 0.97.
Pinterest (NYSE:PINS – Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.05. Pinterest had a return on equity of 5.93% and a net margin of 4.64%. The firm had revenue of $739.98 million during the quarter, compared to analyst estimates of $699.96 million. Research analysts forecast that Pinterest, Inc. will post 0.44 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Pinterest
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on PINS. Stifel Nicolaus upped their price target on Pinterest from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Royal Bank of Canada upped their target price on shares of Pinterest from $48.00 to $52.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Roth Mkm raised their price target on shares of Pinterest from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Sanford C. Bernstein upped their price objective on shares of Pinterest from $35.00 to $38.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 1st. Finally, Loop Capital increased their price objective on shares of Pinterest from $43.00 to $49.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Eight equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, Pinterest presently has a consensus rating of “Moderate Buy” and an average price target of $41.37.
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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.
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