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

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $21.45, for a total transaction of $1,005,468.75. The sale was disclosed in a filing with the SEC, which is available 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, 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 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 $22.06 on Friday. The business’s fifty day moving average is $20.50 and its 200 day moving average is $21.03. The firm has a market cap of $12.35 billion, a price-to-earnings ratio of 45.95, a PEG ratio of 1.24 and a beta of 0.89. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.23 and a current ratio of 4.23. Pinterest, Inc. has a 52-week low of $13.84 and a 52-week high of $39.93.

Pinterest (NYSE:PINS) last issued its earnings results on Monday, May 4th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The firm’s revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 EPS. Research analysts predict that Pinterest, Inc. will post 0.66 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Elevated Capital Advisors LLC bought a new stake in Pinterest during the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd increased 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 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% in the 4th quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock worth $35,000 after buying an additional 1,200 shares during the last quarter. Garner Asset Management Corp purchased a new stake in shares of Pinterest during the 4th quarter valued at $36,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Pinterest during the 1st quarter valued at $43,000. 88.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PINS has been the subject of several recent analyst reports. Royal Bank Of Canada boosted their price objective on shares of Pinterest from $17.00 to $23.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 5th. Barclays increased their target price on shares of Pinterest from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Rothschild & Co Redburn set a $23.00 price target on shares of Pinterest and gave the company a “neutral” rating in a report on Monday, April 27th. Citigroup boosted their price target 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. Finally, Wall Street Zen cut shares of Pinterest from a “buy” rating to a “hold” rating in a report on Saturday. Sixteen analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Pinterest has an average rating of “Hold” and an average price target of $27.40.

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.