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

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $19.22, for a total transaction of $900,937.50. The sale was disclosed in a document filed 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, September 8th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $20.07, for a total transaction of $940,781.25.
• On Wednesday, September 2nd, Benjamin Silbermann sold 93,750 shares of Pinterest stock. The stock was sold at an average price of $21.43, for a total transaction of $2,009,062.50.
• On Tuesday, August 25th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $23.53, for a total transaction of $1,102,968.75.
• 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 transaction of $1,096,875.00.
• On Tuesday, August 11th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were 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 stock was 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 stock was 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 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.

Pinterest Stock Down 0.3%

Shares of PINS stock opened at $18.71 on Thursday. The stock’s 50 day simple moving average is $22.48 and its 200 day simple moving average is $20.77. 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 twelve month low of $13.84 and a twelve month high of $37.05. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of 55.02, a PEG ratio of 1.23 and a beta of 0.90.

Pinterest (NYSE:PINS) last posted its earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.07. Pinterest had a return on equity of 7.49% and a net margin of 5.46%.The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the company earned $0.33 EPS. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, research analysts predict that Pinterest, Inc. will post 0.58 EPS for the current year.

Institutional Investors Weigh In On Pinterest

Hedge funds and other institutional investors have recently modified their holdings of the stock. Forsta AP Fonden raised its stake in shares of Pinterest by 61.2% in the 4th quarter. Forsta AP Fonden now owns 397,400 shares of the company’s stock valued at $10,289,000 after buying an additional 150,900 shares in the last quarter. Amundi boosted its position in shares of Pinterest by 38.3% during the 1st quarter. Amundi now owns 3,200,829 shares of the company’s stock valued at $58,703,000 after acquiring an additional 885,927 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in Pinterest in the fourth quarter valued at about $12,812,000. Norges Bank bought a new stake in Pinterest in the fourth quarter valued at about $357,945,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Pinterest in the fourth quarter valued at about $3,860,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PINS shares. Citigroup upped their price objective on shares of Pinterest from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. TD Cowen reiterated a “buy” rating on shares of Pinterest in a report on Monday, June 22nd. Evercore boosted their target price on shares of Pinterest from $27.00 to $29.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 5th. Barclays upped their price target on shares of Pinterest from $27.00 to $31.00 and gave the company an “equal weight” rating in a report on Wednesday, August 5th. Finally, UBS Group raised their price target on Pinterest from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Eighteen research analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $27.90.

About Pinterest

Pinterest, Inc (NYSE:PINS) operates a visual discovery and planning platform that helps people find ideas and inspiration across categories such as home design, food, fashion, travel and hobbies. Users can discover, save and organize images, videos and other content into collections called boards, as well as share ideas with others.

The company also provides tools for merchants, creators and advertisers. Businesses can use Pinterest to showcase products, reach audiences through visual advertising and direct users to websites or online shopping experiences.