Pinterest (NYSE:PINS) Director Sells $937,031.25 in Stock

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $19.99, for a total transaction of $937,031.25. The sale was disclosed in a filing with the Securities & Exchange Commission, 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, 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 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 shares were sold at an average price of $20.50, for a total value of $960,937.50.

Pinterest Stock Performance

NYSE PINS opened at $20.79 on Friday. The firm has a market cap of $11.65 billion, a price-to-earnings ratio of 43.31, a price-to-earnings-growth ratio of 1.19 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. The business has a 50-day moving average price of $20.37 and a 200-day moving average price of $21.21. Pinterest, Inc. has a twelve month low of $13.84 and a twelve month high of $39.93.

Pinterest (NYSE:PINS) last issued its earnings results on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $965.84 million. During the same quarter last year, the company earned $0.23 EPS. The firm’s quarterly revenue was up 17.8% on a year-over-year basis. As a group, equities research analysts predict that Pinterest, Inc. will post 0.65 EPS for the current fiscal year.

Institutional Investors Weigh In On Pinterest

Large investors have recently bought and sold shares of the business. Elevated Capital Advisors LLC bought a new stake in shares of Pinterest in the 4th quarter worth about $26,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Pinterest by 2,017.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock valued at $29,000 after acquiring an additional 1,049 shares during the last quarter. Addison Advisors LLC lifted its holdings in shares of Pinterest by 727.3% in 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. Fifth Third Bancorp grew its position in Pinterest by 2,409.1% in the third quarter. Fifth Third Bancorp now owns 1,380 shares of the company’s stock worth $44,000 after acquiring an additional 1,325 shares in the last quarter. Finally, Garner Asset Management Corp purchased a new position in Pinterest in the fourth quarter worth about $36,000. Institutional investors own 88.81% of the company’s stock.

Analyst Ratings Changes

PINS has been the topic of several research analyst reports. Piper Sandler reissued a “neutral” rating and issued a $26.00 target price (up from $21.00) on shares of Pinterest in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $24.00 target price on shares of Pinterest in a research note on Tuesday, May 5th. Barclays lifted their price target on shares of Pinterest from $25.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. increased their price objective on shares of Pinterest from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Finally, Citigroup raised their price objective on Pinterest from $19.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Sixteen equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $27.40.

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.