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

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $20.50, for a total transaction of $960,937.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pinterest Stock Performance

Shares of PINS opened at $21.36 on Friday. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $11.97 billion, a P/E ratio of 44.50, a price-to-earnings-growth ratio of 1.17 and a beta of 0.92. The firm’s fifty day simple moving average is $19.64 and its two-hundred day simple moving average is $21.77. Pinterest, Inc. has a 12 month low of $13.84 and a 12 month high of $39.93.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The business had revenue of $1.01 billion for 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%. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 earnings per share. As a group, analysts predict that Pinterest, Inc. will post 0.68 EPS for the current year.

Pinterest News Roundup

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Pinterest’s expanded AWS deal should help support its AI roadmap, improve search and personalization, and potentially strengthen engagement and ad revenue over time. Pinterest Works with AWS to Power Next Chapter of AI-Driven Visual Search Discovery
• Positive Sentiment: Analysts turned more constructive after Pinterest’s strong first quarter, with Oppenheimer raising its price target to $30 and maintaining an Outperform rating, reinforcing bullish sentiment around the stock. Here is Why Pinterest (PINS) is One of the Best Large Cap Stocks Under $30
• Neutral Sentiment: Director Benjamin Silbermann sold 46,875 shares in a pre-arranged Rule 10b5-1 plan, which may weigh on sentiment a bit but does not necessarily reflect a change in outlook. Insider Selling: Pinterest (NYSE:PINS) Director Sells 46,875 Shares of Stock
• Neutral Sentiment: Some recent commentary noted Pinterest had been under pressure after earnings, but the AWS expansion is now the more important near-term catalyst for the stock. Pinterest signs $4 billion Amazon deal for cloud services

Analysts Set New Price Targets

PINS has been the subject of several recent analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $28.00 price objective on shares of Pinterest in a research report on Tuesday, May 5th. JPMorgan Chase & Co. raised their price objective on shares of Pinterest from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Wall Street Zen raised shares of Pinterest from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Mizuho raised their price objective on shares of Pinterest from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $30.00 price objective on shares of Pinterest in a research report on Tuesday, May 5th. Sixteen research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $27.40.

Institutional Trading of Pinterest

Hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its position in Pinterest by 30.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,036,157 shares of the company’s stock valued at $33,333,000 after purchasing an additional 241,527 shares during the period. Yousif Capital Management LLC grew its position in Pinterest by 2,298.3% in the 4th quarter. Yousif Capital Management LLC now owns 185,170 shares of the company’s stock valued at $4,701,000 after purchasing an additional 177,449 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in Pinterest by 114.7% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 231,964 shares of the company’s stock valued at $7,462,000 after purchasing an additional 123,900 shares during the period. Wesbanco Bank Inc. acquired a new stake in Pinterest in the 3rd quarter valued at $2,280,000. Finally, Korea Investment CORP boosted its holdings in Pinterest by 82.7% during the 3rd quarter. Korea Investment CORP now owns 703,483 shares of the company’s stock worth $22,631,000 after acquiring an additional 318,351 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

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.