Pinterest (NYSE:PINS) Director Benjamin Silbermann Sells 46,875 Shares

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $21.78, for a total transaction of $1,020,937.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Benjamin Silbermann also recently made the following trade(s):

• On Tuesday, June 2nd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $20.50, for a total transaction of $960,937.50.

Pinterest Stock Down 0.6%

Shares of PINS traded down $0.14 during mid-day trading on Wednesday, hitting $21.78. The company’s stock had a trading volume of 20,859,002 shares, compared to its average volume of 19,275,900. The company’s 50-day moving average is $19.80 and its 200-day moving average is $21.69. Pinterest, Inc. has a 52-week low of $13.84 and a 52-week high of $39.93. The firm has a market capitalization of $12.20 billion, a price-to-earnings ratio of 45.38, a PEG ratio of 1.19 and a beta of 0.92. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $965.84 million. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. Pinterest’s revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 EPS. On average, equities research analysts forecast that Pinterest, Inc. will post 0.68 EPS for the current fiscal year.

Institutional Trading of Pinterest

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PINS. Elevated Capital Advisors LLC acquired a new stake in Pinterest during the 4th quarter worth about $26,000. Caitong International Asset Management Co. Ltd lifted its position in Pinterest by 2,017.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock worth $29,000 after acquiring an additional 1,049 shares during the period. Addison Advisors LLC lifted its position in Pinterest by 727.3% during the 4th quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock worth $35,000 after acquiring an additional 1,200 shares during the period. Garner Asset Management Corp acquired a new stake in Pinterest during the 4th quarter worth about $36,000. Finally, Summit Securities Group LLC acquired a new stake in Pinterest during the 1st quarter worth about $43,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Key Pinterest News

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Pinterest announced an expanded partnership with Amazon that brings Amazon Storefronts into the Pinterest app, giving creators a new way to showcase products and earn affiliate revenue. This could improve engagement and help Pinterest monetize its user base more effectively. TechCrunch article
• Positive Sentiment: Other reports highlighted the same Amazon storefront integration as a creator-focused initiative, reinforcing the view that Pinterest is strengthening its commerce and affiliate ecosystem. CNET article
• Positive Sentiment: Recent commentary has also pointed to accelerating monetization, solid user growth, and attractive valuation metrics, which may be helping investors view Pinterest as a rebound candidate. Seeking Alpha article
• Neutral Sentiment: Pinterest has been drawing elevated attention from market watchers and Zacks users, which may be contributing to trading volume but does not by itself change the business outlook. Zacks article
• Negative Sentiment: Director Benjamin Silbermann sold 46,875 shares in a pre-arranged 10b5-1 plan, a move that can weigh on sentiment even though the sale was scheduled in advance and disclosed to regulators. Insider trade reference

Analysts Set New Price Targets

PINS has been the subject of a number of research analyst reports. Sanford C. Bernstein reiterated an “outperform” rating and issued a $20.00 price target on shares of Pinterest in a research note on Friday, February 13th. Bank of America restated a “neutral” rating and set a $19.00 price target (down from $39.00) on shares of Pinterest in a research note on Friday, February 13th. Rosenblatt Securities upped their price objective on shares of Pinterest from $20.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Argus lowered shares of Pinterest from a “buy” rating to a “hold” rating in a research report on Monday, March 2nd. Finally, Royal Bank Of Canada lifted their target price on shares of Pinterest from $17.00 to $23.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 5th. Sixteen research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Pinterest currently has a consensus rating of “Hold” and a consensus price target of $27.40.

About Pinterest

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.