Shares of Pinterest (NASDAQ:PINS) were down 8.3% on Monday . The company traded as low as $26.39 and last traded at $26.63. Approximately 9,101,812 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 14,047,794 shares. The stock had previously closed at $29.05.
A number of analysts have recently weighed in on PINS shares. Atlantic Securities started coverage on Pinterest in a research report on Tuesday, April 9th. They issued an “overweight” rating and a $23.00 price objective for the company. DA Davidson started coverage on Pinterest in a research report on Monday, April 15th. They set a “neutral” rating for the company. Susquehanna Bancshares started coverage on Pinterest in a research report on Monday, May 6th. They set a “neutral” rating and a $35.00 price target for the company. Rosenblatt Securities started coverage on Pinterest in a research report on Wednesday, May 8th. They set a “neutral” rating and a $32.00 price target for the company. Finally, Argus started coverage on Pinterest in a research report on Friday, May 10th. They set a “hold” rating for the company. Twelve research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Pinterest currently has a consensus rating of “Hold” and an average price target of $30.62.
In related news, Director Fredric G. Reynolds acquired 40,000 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was acquired at an average price of $27.04 per share, with a total value of $1,081,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
About Pinterest (NASDAQ:PINS)
There is no company description available for Pinterest Inc
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