Pinterest (PINS) Posts Earnings Results, Misses Estimates By $0.21 EPS

Pinterest (NASDAQ:PINS) released its quarterly earnings results on Thursday. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.21), Briefing.com reports. The company had revenue of $201.90 million during the quarter, compared to analysts’ expectations of $200.64 million. The business’s revenue for the quarter was up 54.1% on a year-over-year basis. Pinterest updated its FY 2019 guidance to EPS.

Shares of Pinterest stock opened at $30.86 on Friday. Pinterest has a 1 year low of $23.05 and a 1 year high of $35.29.

In related news, Director Fredric G. Reynolds bought 40,000 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were acquired at an average price of $27.04 per share, for a total transaction of $1,081,600.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

A number of equities research analysts have weighed in on the company. Rosenblatt Securities assumed coverage on Pinterest in a report on Wednesday, May 8th. They issued a “neutral” rating and a $32.00 price objective on the stock. Citigroup assumed coverage on Pinterest in a report on Monday. They issued a “buy” rating and a $34.00 price objective on the stock. Credit Suisse Group assumed coverage on Pinterest in a report on Monday. They issued a “neutral” rating and a $28.00 price objective on the stock. Deutsche Bank assumed coverage on Pinterest in a report on Monday. They issued a “hold” rating on the stock. Finally, DA Davidson began coverage on Pinterest in a report on Monday, April 15th. They issued a “neutral” rating on the stock. Twelve analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $30.62.

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