An investigation for investors in Pinterest, Inc. (NYSE: PINS) shares over potential securities laws violations by Pinterest, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 06/07/2019 -- Pinterest, Inc. is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Pinterest, Inc. (NYSE: PINS), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Pinterest, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Francisco, CA based Pinterest, Inc. provides a visual discovery engine that helps users to discover ideas for various projects and interests worldwide. Pinterest, Inc. reported that its annual Total Revenue rose from $472.85 million in 2017 to $755.93 million in 2018 and that its Net Loss declined from $130.04 million in 2017 to $62.97 million in 2018.
Pinterest, Inc went public on April 18, 2019. Pinterest, Inc sold in its initial public offering ("IPO") 75 million shares of common stock priced at $19.00 per share. Subsequently, shares of Pinterest, Inc. (NYSE: PINS) reached $34.41 per share on April 29, 2019 in the open market.
On May 16, 2019, Pinterest, Inc reported its financial and operating results for the first quarter of 2019. Pinterest, Inc reported a loss per share of $0.33 on revenue of $201.9 million, compared to analyst expectations of a loss of $0.11 per share on revenue of $200.7 million.
Those who purchased shares of Pinterest, Inc. (NYSE: PINS) have certain options and should contact the Shareholders Foundation.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in conftact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.