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

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the company’s stock in a transaction dated 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 Securities & Exchange Commission, 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 23rd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $19.99, for a total transaction 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 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 Stock Up 0.8%

NYSE PINS traded up $0.17 during trading hours on Thursday, reaching $22.06. 8,210,355 shares of the company’s stock were exchanged, compared to its average volume of 19,097,330. The company’s 50-day moving average is $20.47 and its two-hundred day moving average is $21.02. Pinterest, Inc. has a one year low of $13.84 and a one year high of $39.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.23 and a current ratio of 4.23. The company has a market capitalization of $12.35 billion, a price-to-earnings ratio of 45.95, a price-to-earnings-growth ratio of 1.23 and a beta of 0.89.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Pinterest from $25.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Citigroup raised their target price on shares of Pinterest from $19.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. TD Cowen reissued a “buy” rating on shares of Pinterest in a research report on Monday, June 22nd. Oppenheimer raised their price objective on Pinterest from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Pinterest in a research report on Tuesday. Sixteen research 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 data from MarketBeat.com, Pinterest presently has an average rating of “Hold” and an average target price of $27.40.

Institutional Investors Weigh In On Pinterest

A number of large investors have recently added to or reduced their stakes in PINS. Norges Bank bought a new position in shares of Pinterest in the 4th quarter valued at $357,945,000. Davis Selected Advisers acquired a new position in Pinterest during the third quarter worth about $253,887,000. State Street Corp grew its holdings in shares of Pinterest by 52.6% during the 4th quarter. State Street Corp now owns 21,492,169 shares of the company’s stock valued at $556,432,000 after purchasing an additional 7,412,213 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Pinterest by 30.5% in the 4th quarter. Victory Capital Management Inc. now owns 26,808,870 shares of the company’s stock valued at $694,082,000 after acquiring an additional 6,258,628 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Pinterest by 271.1% in the first quarter. Renaissance Technologies LLC now owns 5,988,631 shares of the company’s stock valued at $109,831,000 after purchasing an additional 4,375,000 shares during the period. 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.