Shares of Pinterest Inc. Class A (NYSE:PINS) traded today at $87.37, eclipsing its 52-week high. Approximately 22 million shares have changed hands today, as compared to an average 30-day volume of 12.6 million shares.
Pinterest is an online product and idea discovery platform that helps users gather ideas on everything from recipes to cook to destinations to travel to. Founded in 2010, the platform consists of a largely female audience, at roughly two thirds of its more than 365 million monthly active users. The company generates revenue by selling digital ads and is now rolling out more in-platform e-commerce features.
In the past 52 weeks, Pinterest Inc. Class A share prices are bracketed by a low of $10.10 and a high of $87.37 and is now at $86.04, 752% above that low price.
Based on a current price of $86.04, Pinterest Inc. Class A is currently 7.7% above its average consensus analyst price target of $79.42.
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