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

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $23.53, for a total value of $1,102,968.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 18th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $23.40, for a total value of $1,096,875.00.
• 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 value 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 value of $1,060,781.25.
• On Tuesday, June 30th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were 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 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 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 stock was 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 transaction of $960,937.50.

Pinterest Trading Down 1.6%

PINS stock opened at $23.29 on Thursday. The company has a market capitalization of $13.05 billion, a PE ratio of 68.50, a price-to-earnings-growth ratio of 1.27 and a beta of 0.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.81 and a current ratio of 3.81. Pinterest, Inc. has a one year low of $13.84 and a one year high of $38.57. The company’s 50 day moving average price is $22.69 and its two-hundred day moving average price is $20.47.

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

Hedge Funds Weigh In On Pinterest

A number of hedge funds have recently modified their holdings of PINS. Revolve Wealth Partners LLC purchased a new position in Pinterest during the 4th quarter valued at about $252,000. Integrated Wealth Concepts LLC lifted its holdings in Pinterest by 5.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock worth $339,000 after buying an additional 607 shares during the period. Empowered Funds LLC lifted its holdings in Pinterest by 45.6% in the 1st quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock worth $470,000 after buying an additional 4,748 shares during the period. Sivia Capital Partners LLC grew its position in shares of Pinterest by 39.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company’s stock worth $335,000 after buying an additional 2,649 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in shares of Pinterest during the second quarter valued at approximately $696,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Evercore raised their price objective on Pinterest from $27.00 to $29.00 and gave the company an “in-line” rating in a research note on Wednesday, August 5th. Wells Fargo & Company lifted their price objective on Pinterest from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Cantor Fitzgerald restated an “overweight” rating and set a $30.00 target price on shares of Pinterest in a report on Wednesday, August 5th. Weiss Ratings upgraded Pinterest from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Finally, Mizuho raised their price target on Pinterest from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Seventeen analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.