Pinterest (NYSE:PINS) Director Sells $991,406.25 in Stock

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $21.15, for a total value of $991,406.25. The transaction was disclosed in a filing with the SEC, which is available at 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 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 stock was sold at an average price of $20.50, for a total value of $960,937.50.

Pinterest Stock Down 3.7%

Shares of NYSE:PINS traded down $0.79 during mid-day trading on Wednesday, reaching $20.37. 19,608,569 shares of the stock were exchanged, compared to its average volume of 19,196,467. The stock’s 50 day simple moving average is $20.11 and its 200-day simple moving average is $21.55. Pinterest, Inc. has a one year low of $13.84 and a one year high of $39.93. The company has a market cap of $11.41 billion, a P/E ratio of 42.43, a P/E/G ratio of 1.15 and a beta of 0.92. 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 (NYSE:PINS) last released its earnings results on Monday, May 4th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.05. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The business’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 EPS. As a group, equities research analysts predict that Pinterest, Inc. will post 0.68 EPS for the current year.

Hedge Funds Weigh In On Pinterest

Institutional investors and hedge funds have recently made changes to their positions in the company. Revolve Wealth Partners LLC acquired a new position in Pinterest in the 4th quarter valued at $252,000. Integrated Wealth Concepts LLC boosted its position in shares of Pinterest by 5.9% in the first quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock valued at $339,000 after acquiring an additional 607 shares during the period. Empowered Funds LLC boosted its position in shares of Pinterest by 45.6% in the first quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock valued at $470,000 after acquiring an additional 4,748 shares during the period. Sivia Capital Partners LLC grew its stake in shares of Pinterest by 39.5% in the second quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company’s stock valued at $335,000 after acquiring an additional 2,649 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Pinterest in the second quarter valued at about $696,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PINS shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $24.00 price objective on shares of Pinterest in a report on Tuesday, May 5th. Robert W. Baird boosted their price target on Pinterest from $20.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Barclays increased their price objective on Pinterest from $25.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Stifel Nicolaus boosted their target price on shares of Pinterest from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, Wall Street Zen upgraded shares of Pinterest from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Sixteen analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Pinterest presently has a consensus 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.