Pinterest (NYSE:PINS) Director Sells $940,781.25 in Stock

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $20.07, for a total value of $940,781.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Benjamin Silbermann also recently made the following trade(s):

• On Wednesday, September 2nd, Benjamin Silbermann sold 93,750 shares of Pinterest stock. The shares were sold at an average price of $21.43, for a total value 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 value 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 value 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 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 stock was sold at an average price of $21.45, for a total transaction 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 transaction 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 transaction of $991,406.25.

Pinterest Price Performance

Shares of NYSE PINS traded down $1.79 during trading on Wednesday, reaching $18.34. The company had a trading volume of 28,056,151 shares, compared to its average volume of 16,990,941. Pinterest, Inc. has a 52 week low of $13.84 and a 52 week high of $37.05. The stock has a market cap of $10.28 billion, a PE ratio of 53.96, a PEG ratio of 1.34 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. The business’s 50 day moving average price is $22.88 and its 200-day moving average price is $20.70.

Pinterest (NYSE:PINS) last announced its earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the business earned $0.33 earnings per share. Pinterest’s quarterly revenue was up 18.2% on a year-over-year basis. Analysts expect that Pinterest, Inc. will post 0.58 earnings per share for the current year.

Hedge Funds Weigh In On Pinterest

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Revolve Wealth Partners LLC bought a new position in shares of Pinterest in the 4th quarter worth $252,000. Integrated Wealth Concepts LLC increased its holdings in Pinterest by 5.9% in the first quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock valued at $339,000 after purchasing an additional 607 shares during the last quarter. Empowered Funds LLC increased its holdings in Pinterest by 45.6% in the first quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock valued at $470,000 after purchasing an additional 4,748 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in Pinterest by 39.5% in the second quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company’s stock valued at $335,000 after buying an additional 2,649 shares during the period. Finally, Jump Financial LLC acquired a new position in Pinterest in the second quarter valued at about $696,000. 88.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on PINS. UBS Group increased their price objective on Pinterest from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. DA Davidson boosted their target price on Pinterest from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $30.00 price target on shares of Pinterest in a research note on Wednesday, August 5th. Citigroup raised their price target on Pinterest from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, Robert W. Baird lifted their price objective on Pinterest from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Eighteen investment analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $27.90.

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.