Pinterest (PINS) Projected to Post Quarterly Earnings on Thursday

Pinterest (NYSE:PINS) is expected to be posting its quarterly earnings results 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. Persons that wish to register for the company’s earnings conference call can do so using this link.

Pinterest Stock Performance

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 has a market cap of $22.46 billion, a PE ratio of 110.77, a PEG ratio of 1.61 and a beta of 1.04. The firm has a 50-day simple moving average of $30.88 and a 200 day simple moving average of $31.83.

Analyst Ratings Changes

PINS has been the subject of a number of research reports. Rosenblatt Securities reduced their price objective on Pinterest from $48.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Raymond James decreased their price target on shares of Pinterest from $40.00 to $34.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Oppenheimer dropped their price objective on shares of Pinterest from $45.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Wells Fargo & Company decreased their target price 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, Wedbush reissued an “outperform” rating and issued a $38.00 price target on shares of Pinterest in a research report on Tuesday. Nine investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.70.

Insider Activity at Pinterest

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