Pinterest, Inc. (NYSE:PINS – Get Free Report) CFO Donnelly Julia Brau sold 30,280 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 297,351 shares of the company’s stock, valued at $9,729,324.72. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Pinterest Stock Up 1.4 %
PINS stock opened at $33.22 on Thursday. The company has a market cap of $22.80 billion, a price-to-earnings ratio of 158.20, a P/E/G ratio of 2.51 and a beta of 1.00. Pinterest, Inc. has a twelve month low of $23.59 and a twelve month high of $45.19. The business has a 50 day moving average price of $31.23 and a two-hundred day moving average price of $36.60.
Pinterest (NYSE:PINS – Get Free Report) last issued its earnings results on Tuesday, July 30th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Pinterest had a net margin of 5.75% and a return on equity of 6.94%. The business had revenue of $853.68 million for the quarter, compared to the consensus estimate of $848.75 million. During the same period in the previous year, the company earned ($0.04) earnings per share. The firm’s revenue for the quarter was up 20.6% on a year-over-year basis. On average, equities research analysts anticipate that Pinterest, Inc. will post 0.39 EPS for the current fiscal year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $48.00 target price on shares of Pinterest in a research note on Wednesday, July 31st. 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 research report on Tuesday, July 23rd. UBS Group reduced their target price on Pinterest from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. KeyCorp lowered their price target on Pinterest from $45.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Finally, Citigroup dropped their price target on Pinterest from $51.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Eight analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.25.
Get Our Latest Analysis on Pinterest
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.
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