Pinterest (PINS) Set to Announce Earnings on Tuesday

Pinterest (NYSE:PINS) is scheduled to be issuing its Q2 2024 quarterly earnings data after the market closes on Tuesday, July 30th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $848.75 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Pinterest Stock Up 1.7 %

PINS traded up $0.56 during trading on Tuesday, hitting $32.84. The company’s stock had a trading volume of 1,271,580 shares, compared to its average volume of 9,201,223. The firm has a market cap of $22.53 billion, a PE ratio of 119.56, a P/E/G ratio of 2.47 and a beta of 1.02. Pinterest has a one year low of $27.00 and a one year high of $45.19. The business’s 50 day simple moving average is $31.75 and its 200-day simple moving average is $36.37.

Analysts Set New Price Targets

A number of equities analysts have commented on PINS shares. Piper Sandler reissued an “overweight” rating and issued a $45.00 price objective on shares of Pinterest in a research note on Friday, September 13th. Wolfe Research initiated coverage on shares of Pinterest in a research report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Morgan Stanley upped their price objective on shares of Pinterest from $35.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. UBS Group reduced their price objective on shares of Pinterest from $57.00 to $52.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, Wedbush reduced their target price on shares of Pinterest from $46.00 to $37.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Eight equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat, Pinterest presently has an average rating of “Moderate Buy” and a consensus price target of $43.56.

Insider Activity at Pinterest

In other news, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $33.52, for a total transaction of $38,548.00. Following the transaction, the director now directly owns 33,686 shares in the company, valued at approximately $1,129,154.72. This represents 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 accessible through this link. In other news, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $33.52, for a total transaction of $38,548.00. Following the completion of the sale, the director now owns 33,686 shares of the company’s stock, valued at $1,129,154.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Donnelly Julia Brau sold 30,280 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $32.72, for a total transaction of $990,761.60. Following the completion of the transaction, the chief financial officer now directly owns 297,351 shares of the company’s stock, valued at approximately $9,729,324.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 7.11% of the stock is currently owned by 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.