Pinterest (NASDAQ:PINS) Given New $23.00 Price Target at DA Davidson

Pinterest (NASDAQ:PINS) had its price target raised by DA Davidson to $23.00 in a research report report published on Monday, May 20th, The Fly reports. DA Davidson currently has an average rating on the stock. DA Davidson also issued estimates for Pinterest’s Q3 2019 earnings at ($0.06) EPS, Q4 2019 earnings at $0.08 EPS, FY2019 earnings at ($0.14) EPS, FY2020 earnings at $0.01 EPS, FY2021 earnings at $0.34 EPS, FY2022 earnings at $0.68 EPS and FY2023 earnings at $0.97 EPS.

PINS has been the topic of several other research reports. Robert W. Baird started coverage on shares of Pinterest in a research report on Monday, May 13th. They set an outperform rating and a $36.00 price target on the stock. Royal Bank of Canada assumed coverage on Pinterest in a research report on Monday, May 13th. They set a sector perform rating and a $28.00 price target for the company. Deutsche Bank assumed coverage on Pinterest in a research report on Monday, May 13th. They set a hold rating and a $26.00 price target for the company. Credit Suisse Group assumed coverage on Pinterest in a research report on Monday, May 13th. They set a neutral rating and a $28.00 price target for the company. Finally, UBS Group assumed coverage on Pinterest in a research report on Monday, May 13th. They set a neutral rating and a $31.00 price target for the company. Thirteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $29.75.

PINS stock traded up $0.46 on Monday, reaching $27.41. 1,590,886 shares of the company were exchanged, compared to its average volume of 9,317,164. Pinterest has a 12 month low of $23.05 and a 12 month high of $35.29.

Pinterest (NASDAQ:PINS) last posted its quarterly earnings results on Thursday, May 16th. The company reported ($0.32) earnings per share for the quarter, missing the Zacks’ consensus estimate 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 business’s quarterly revenue was up 54.1% on a year-over-year basis.

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

Pinterest Company Profile

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