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

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $21.15, for a total transaction of $991,406.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 9th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $21.78, for a total transaction of $1,020,937.50.
• On Tuesday, June 2nd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $20.50, for a total transaction of $960,937.50.

Pinterest Stock Down 3.7%

Shares of NYSE PINS opened at $20.37 on Thursday. The firm has a market cap of $11.41 billion, a price-to-earnings ratio of 42.43, a price-to-earnings-growth ratio of 1.21 and a beta of 0.92. The company’s 50-day simple moving average is $20.15 and its 200-day simple moving average is $21.51. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.34. Pinterest, Inc. has a 52-week low of $13.84 and a 52-week high of $39.93.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Monday, May 4th. The company reported $0.27 earnings per share 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 the consensus estimate of $965.84 million. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 EPS. Equities analysts predict that Pinterest, Inc. will post 0.65 EPS for the current fiscal year.

Institutional Investors Weigh In On Pinterest

A number of large investors have recently made changes to their positions in the stock. Elevated Capital Advisors LLC purchased a new position in Pinterest during the fourth quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd boosted its stake in Pinterest by 2,017.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock worth $29,000 after buying an additional 1,049 shares during the last quarter. Addison Advisors LLC grew its holdings in Pinterest by 727.3% in the 4th quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock valued at $35,000 after buying an additional 1,200 shares in the last quarter. Garner Asset Management Corp acquired a new stake in shares of Pinterest in the 4th quarter worth $36,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Pinterest in the 1st quarter worth $43,000. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Mizuho raised their target price on Pinterest from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Wall Street Zen upgraded Pinterest from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. UBS Group increased their price objective on Pinterest from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Weiss Ratings lowered Pinterest from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 2nd. Finally, Citigroup lifted their target price on shares of Pinterest from $19.00 to $25.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Sixteen investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Pinterest currently has an average rating of “Hold” and a consensus price target of $27.40.

Pinterest Company Profile

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.