Pinterest (PINS) Trading 7.7% Higher

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Shares of Pinterest (NASDAQ:PINS) traded up 7.7% during trading on Friday . The stock traded as high as $25.99 and last traded at $25.64. 132,846 shares changed hands during trading, a decline of 99% from the average session volume of 12,769,054 shares. The stock had previously closed at $23.80.

Several analysts have recently commented on the stock. DA Davidson increased their price target on shares of Pinterest to $23.00 and gave the company an “average” rating in a research note on Monday, May 20th. Robert W. Baird assumed coverage on shares of Pinterest in a research note on Monday, May 13th. They set an “outperform” rating and a $36.00 price target on the stock. Royal Bank of Canada began coverage on shares of Pinterest in a research note on Monday, May 13th. They set a “sector perform” rating and a $28.00 price target on the stock. Deutsche Bank began coverage on shares of Pinterest in a research note on Monday, May 13th. They issued a “hold” rating and a $26.00 price objective on the stock. Finally, Credit Suisse Group began coverage on shares of Pinterest in a research note on Monday, May 13th. They issued a “neutral” rating and a $28.00 price objective on the stock. Twelve analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Pinterest presently has a consensus rating of “Hold” and a consensus target price of $29.80.

Pinterest (NASDAQ:PINS) last announced its quarterly earnings data on Thursday, May 16th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.21). The business had revenue of $201.90 million for the quarter, compared to analysts’ expectations of $200.64 million. The company’s revenue was up 54.1% compared to the same quarter last year.

In other Pinterest news, Director Fredric G. Reynolds acquired 40,000 shares of Pinterest stock in a transaction on Tuesday, April 23rd. The shares were purchased at an average cost of $27.04 per share, with a total value of $1,081,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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Pinterest Company Profile (NASDAQ:PINS)

There is no company description available for Pinterest Inc

Further Reading: 52-Week High/Low

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