Pinterest (PINS) Projected to Post Earnings on Thursday

Pinterest (NYSE:PINS) will likely be announcing its earnings results after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $0.63 per share and revenue of $1.14 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Pinterest Stock Up 1.0 %

Shares of PINS stock opened at $33.40 on Wednesday. The company has a market capitalization of $22.57 billion, a P/E ratio of 111.35, a P/E/G ratio of 1.68 and a beta of 1.06. Pinterest has a 12-month low of $27.00 and a 12-month high of $45.19. The firm has a 50-day moving average price of $31.11 and a 200 day moving average price of $31.54.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Roth Mkm cut their price objective on Pinterest from $39.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Morgan Stanley upped their price target on Pinterest from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Wells Fargo & Company lowered their price objective on Pinterest from $40.00 to $39.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. TD Cowen started coverage on Pinterest in a report on Tuesday, November 26th. They set a “buy” rating and a $38.00 price objective for the company. Finally, JPMorgan Chase & Co. reduced their target price on shares of Pinterest from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.70.

Insider Activity at Pinterest

In other news, CAO Andrea Acosta sold 3,845 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $30.88, for a total transaction of $118,733.60. Following the completion of the transaction, the chief accounting officer now owns 158,468 shares in the company, valued at approximately $4,893,491.84. This represents a 2.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $29.73, for a total value of $34,189.50. Following the sale, the director now owns 32,536 shares in the company, valued at approximately $967,295.28. This represents a 3.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,157 shares of company stock valued at $589,131 in the last three months. Corporate insiders own 7.11% of the company’s stock.

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.