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 dated Tuesday, July 21st. The shares were sold at an average price of $22.54, for a total transaction of $1,056,562.50. The sale was disclosed in a document filed with the SEC, which can be accessed 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, 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 value of $1,005,468.75.
• On Tuesday, June 23rd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were 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 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 stock was sold at an average price of $20.50, for a total value of $960,937.50.

Pinterest Price Performance

Shares of NYSE:PINS opened at $24.47 on Thursday. The firm has a market capitalization of $13.71 billion, a PE ratio of 50.97, a PEG ratio of 1.39 and a beta of 0.89. 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 1-year low of $13.84 and a 1-year high of $39.93. The business’s 50 day moving average is $21.49 and its 200-day moving average is $20.57.

Pinterest (NYSE:PINS) last issued its 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 during the quarter, compared to analyst estimates of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.Pinterest’s revenue was up 17.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share. Sell-side analysts predict that Pinterest, Inc. will post 0.65 earnings per share for the current year.

Institutional Investors Weigh In On Pinterest

Several large investors have recently made changes to their positions in PINS. Elevated Capital Advisors LLC bought a new position in Pinterest during the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd grew its stake 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 worth $29,000 after buying an additional 1,049 shares during the last quarter. Addison Advisors LLC increased its holdings in shares of 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 buying an additional 1,200 shares in the last quarter. Garner Asset Management Corp acquired a new stake in shares of Pinterest during the fourth quarter worth approximately $36,000. Finally, Summit Securities Group LLC bought a new position in shares of Pinterest in the first quarter valued at approximately $43,000. Institutional investors own 88.81% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on PINS shares. Stifel Nicolaus raised their price objective on shares of Pinterest from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Mizuho upped their target price on shares of Pinterest from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Rothschild & Co Redburn set a $23.00 price target on shares of Pinterest and gave the stock a “neutral” rating in a research report on Monday, April 27th. Wedbush started coverage on shares of Pinterest in a research note on Thursday, July 16th. They set a “neutral” rating and a $24.00 price target for the company. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $30.00 price objective on shares of Pinterest in a report on Tuesday, May 5th. Seventeen analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $27.69.

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.