Pinterest (PINS) Projected to Post Quarterly Earnings on Thursday

Pinterest (NYSE:PINS - Get Free Report) is anticipated to post 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 listen to the company's earnings conference call can do so using this link.

Pinterest Stock Performance

Shares of NYSE:PINS traded down $0.16 during trading on Thursday, reaching $33.06. 5,626,743 shares of the stock were exchanged, compared to its average volume of 10,245,726. The firm's 50-day moving average price is $30.88 and its 200 day moving average price is $31.83. Pinterest has a 12-month low of $27.00 and a 12-month high of $45.19. The firm has a market cap of $22.34 billion, a price-to-earnings ratio of 110.51, a price-to-earnings-growth ratio of 1.61 and a beta of 1.04.

Insider Buying and Selling

In related news, CAO Andrea Acosta sold 3,845 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $30.88, for a total transaction of $118,733.60. Following the completion of the sale, the chief accounting officer now directly owns 158,468 shares in the company, valued at approximately $4,893,491.84. This trade represents a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the firm's 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 completion of the transaction, the director now owns 32,536 shares of the company's stock, valued at approximately $967,295.28. The trade was a 3.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,157 shares of company stock worth $589,131 over the last ninety days. 7.11% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PINS. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $41.00 price target on shares of Pinterest in a report on Monday, October 7th. Royal Bank of Canada reiterated an "outperform" rating and issued a $48.00 price objective on shares of Pinterest in a research report on Tuesday, December 10th. Robert W. Baird lowered their price target on Pinterest from $41.00 to $36.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. Rosenblatt Securities decreased their price target on Pinterest from $48.00 to $46.00 and set a "buy" rating for the company in a research note on Friday, November 8th. Finally, Morgan Stanley increased their target price on shares of Pinterest from $35.00 to $36.00 and gave the company an "equal weight" rating in a research note on Monday, January 13th. Nine research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $40.70.

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.