Pinterest, Inc. (NYSE:PINS – Get Free Report) Director Benjamin Silbermann sold 46,875 shares of Pinterest stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $22.56, for a total value of $1,057,500.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Benjamin Silbermann also recently made the following trade(s):
- On Tuesday, October 13th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $21.56, for a total value of $1,010,625.00.
- On Tuesday, October 6th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $19.66, for a total value of $921,562.50.
- On Tuesday, September 29th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $18.33, for a total transaction of $859,218.75.
- On Tuesday, September 22nd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $19.50, for a total transaction of $914,062.50.
- On Tuesday, September 15th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $19.22, for a total transaction of $900,937.50.
- On Tuesday, September 8th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $20.07, for a total transaction of $940,781.25.
- On Wednesday, September 2nd, Benjamin Silbermann sold 93,750 shares of Pinterest stock. The stock was sold at an average price of $21.43, for a total transaction of $2,009,062.50.
- On Tuesday, August 25th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $23.53, for a total transaction of $1,102,968.75.
- On Tuesday, August 18th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $23.40, for a total transaction of $1,096,875.00.
- On Tuesday, August 11th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $23.88, for a total transaction of $1,119,375.00.
Pinterest Stock Down 0.0%
Shares of PINS traded down $0.00 on Wednesday, hitting $22.98. 11,949,538 shares of the stock traded hands, compared to its average volume of 16,481,346. The company has a market capitalization of $12.87 billion, a PE ratio of 67.58, a P/E/G ratio of 1.46 and a beta of 0.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.81 and a current ratio of 3.81. The business has a 50 day simple moving average of $20.90 and a 200 day simple moving average of $21.02. Pinterest, Inc. has a one year low of $13.84 and a one year high of $35.42.
Pinterest (NYSE:PINS – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.36 by $0.07. Pinterest had a return on equity of 7.49% and a net margin of 5.46%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the business posted $0.33 EPS. The company’s revenue was up 18.2% compared to the same quarter last year. As a group, equities analysts forecast that Pinterest, Inc. will post 0.58 earnings per share for the current fiscal year.
Institutional Trading of Pinterest
Several large investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its stake in shares of Pinterest by 2,017.3% in the fourth 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. Summit Securities Group LLC bought a new stake in Pinterest during the 1st quarter valued at approximately $43,000. MidFirst Bank purchased a new position in Pinterest in the 4th quarter worth approximately $44,000. Daytona Street Capital LLC purchased a new position in Pinterest in the 3rd quarter worth approximately $45,000. Finally, IFP Advisors Inc lifted its holdings in Pinterest by 110.9% in the 3rd quarter. IFP Advisors Inc now owns 3,511 shares of the company’s stock worth $66,000 after purchasing an additional 1,846 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.
Analyst Ratings Changes
Several research firms recently commented on PINS. Wedbush reaffirmed a “neutral” rating and set a $24.00 price objective on shares of Pinterest in a research report on Wednesday, August 5th. Morgan Stanley boosted their target price on Pinterest from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Robert W. Baird upped their target price on shares of Pinterest from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Barclays raised their price target on shares of Pinterest from $27.00 to $31.00 and gave the company an “equal weight” rating in a report on Wednesday, August 5th. Finally, Zacks Research lowered shares of Pinterest from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Pinterest currently has a consensus rating of “Moderate Buy” and an average price target of $27.90.
Read Our Latest Analysis on PINS
About Pinterest
Pinterest, Inc (NYSE: PINS) operates a visual discovery platform that helps people find ideas and inspiration for activities such as home improvement, cooking, fashion, travel and event planning. Users can discover, save and organize images and videos—known as Pins—on personalized boards and explore recommendations based on their interests.
The company also provides tools for businesses and creators to showcase products and content on the platform. Its advertising business includes promoted Pins and other advertising formats designed to help marketers reach users while they are discovering ideas, researching products and planning purchases.
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