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MarketScreener Homepage  >  Equities  >  Nyse  >  Pinterest, Inc.    PINS

PINTEREST, INC.

(PINS)
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SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Pinterest, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

11/27/2020 | 11:12am EST

The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Pinterest, Inc. (“Pinterest” or “the Company”) (NYSE: PINS) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between May 16, 2019 and November 1, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before January 22, 2021.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Pinterest was approaching the maximum capacity of its addressable market in the United States. This market saturation greatly slowed down the Company’s potential to increase its average revenue per user. The Company also suffered a greater risk of losing advertising revenue. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Pinterest, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.


© Business Wire 2020
All news about PINTEREST, INC.
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01/21PINTEREST : Piper Sandler Starts Pinterest at Neutral With $70 Price Target
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More news
Financials (USD)
Sales 2020 1 634 M - -
Net income 2020 -218 M - -
Net cash 2020 1 498 M - -
P/E ratio 2020 -201x
Yield 2020 -
Capitalization 45 169 M 45 169 M -
EV / Sales 2020 26,7x
EV / Sales 2021 18,1x
Nbr of Employees 2 492
Free-Float 82,2%
Chart PINTEREST, INC.
Duration : Period :
Pinterest, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PINTEREST, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 73,93 $
Last Close Price 73,08 $
Spread / Highest target 24,5%
Spread / Average Target 1,16%
Spread / Lowest Target -42,5%
EPS Revisions
Managers and Directors
NameTitle
Benjamin Silbermann Chairman, President & Chief Executive Officer
Todd R. Morgenfeld Chief Financial Officer
Jeffrey D. Jordan Independent Director
Jeremy Seth Levine Independent Director
Evan Sharp Director, Chief Design & Creative Officer
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