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

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $21.45, for a total value of $1,005,468.75. The transaction was disclosed in a 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, June 23rd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $19.99, for a total value of $937,031.25.
• On Tuesday, June 16th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $21.15, for a total value of $991,406.25.
• On Tuesday, June 9th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $21.78, for a total value 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 value of $960,937.50.

Pinterest Trading Up 0.8%

Shares of Pinterest stock opened at $22.06 on Friday. The company’s 50-day moving average price is $20.47 and its 200-day moving average price is $21.02. 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, Inc. has a 12-month low of $13.84 and a 12-month high of $39.93. The company has a market cap of $12.35 billion, a price-to-earnings ratio of 45.95, a PEG ratio of 1.23 and a beta of 0.89.

Pinterest (NYSE:PINS) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.05. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $965.84 million. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. Pinterest’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.23 earnings per share. On average, equities analysts expect that Pinterest, Inc. will post 0.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PINS shares. BMO Capital Markets restated an “outperform” rating and set a $30.00 price target on shares of Pinterest in a research report on Tuesday, May 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of Pinterest in a research note on Tuesday. Piper Sandler restated a “neutral” rating and set a $26.00 target price (up from $21.00) on shares of Pinterest in a research report on Tuesday, May 5th. Barclays boosted their target price on Pinterest from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Finally, Robert W. Baird raised their price target on Pinterest from $20.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Sixteen investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $27.40.

Institutional Trading of Pinterest

Several institutional investors and hedge funds have recently made changes to their positions in PINS. Elevated Capital Advisors LLC purchased a new position in Pinterest in the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd raised its position 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 valued at $29,000 after purchasing an additional 1,049 shares in the last quarter. Addison Advisors LLC lifted its stake in Pinterest by 727.3% during the fourth quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock worth $35,000 after purchasing an additional 1,200 shares during the last quarter. Garner Asset Management Corp bought a new stake in Pinterest during the fourth quarter worth about $36,000. Finally, Summit Securities Group LLC purchased a new position in shares of Pinterest in the 1st quarter worth about $43,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

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.