Pinterest (NYSE:PINS) Director Sells $1,096,875.00 in Stock

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $23.40, for a total value of $1,096,875.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Benjamin Silbermann also recently made the following trade(s):

• On Tuesday, August 11th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $23.88, for a total value of $1,119,375.00.
• On Tuesday, July 21st, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $22.54, for a total transaction of $1,056,562.50.
• On Tuesday, July 7th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $22.63, for a total transaction of $1,060,781.25.
• On Tuesday, June 30th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $21.45, for a total transaction of $1,005,468.75.
• 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 shares were sold at an average price of $21.15, for a total transaction 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 1.4%

NYSE PINS traded up $0.32 on Wednesday, hitting $23.38. The company’s stock had a trading volume of 7,604,984 shares, compared to its average volume of 11,705,624. The firm has a market cap of $13.10 billion, a PE ratio of 68.76, a PEG ratio of 1.24 and a beta of 0.90. Pinterest, Inc. has a 1-year low of $13.84 and a 1-year high of $38.57. The company’s 50-day moving average is $22.44 and its 200 day moving average is $20.38. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.34.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.07. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Pinterest had a return on equity of 7.49% and a net margin of 5.46%.The business’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.33 earnings per share. As a group, analysts predict that Pinterest, Inc. will post 0.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pinterest

Institutional investors have recently added to or reduced their stakes in the stock. Elevated Capital Advisors LLC purchased a new position in shares of Pinterest during the fourth quarter valued at about $26,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Pinterest by 2,017.3% during the 4th 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 in the last quarter. Addison Advisors LLC boosted its position in shares of Pinterest by 727.3% during the 4th quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock valued at $35,000 after acquiring an additional 1,200 shares during the last quarter. Garner Asset Management Corp bought a new position in shares of Pinterest during the 4th quarter valued at approximately $36,000. Finally, MidFirst Bank purchased a new position in shares of Pinterest in the fourth quarter valued at $44,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on PINS. Susquehanna reissued a “positive” rating on shares of Pinterest in a report on Wednesday, August 5th. BMO Capital Markets upped their price target on shares of Pinterest from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Wells Fargo & Company increased their price target on shares of Pinterest from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Rothschild & Co Redburn set a $23.00 price objective on Pinterest and gave the stock a “neutral” rating in a report on Monday, April 27th. Finally, Royal Bank Of Canada lifted their price objective on Pinterest from $23.00 to $25.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Seventeen analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $27.90.

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.