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

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

Pinterest Price Performance

Shares of Pinterest stock opened at $19.48 on Friday. The company has a market capitalization of $10.91 billion, a price-to-earnings ratio of 40.58, a PEG ratio of 1.14 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 stock’s 50-day simple moving average is $20.36 and its 200-day simple moving average is $21.22. Pinterest, Inc. has a 52 week low of $13.84 and a 52 week high of $39.93.

Pinterest (NYSE:PINS) last released its earnings results on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $965.84 million. During the same quarter last year, the business posted $0.23 earnings per share. The firm’s revenue was up 17.8% on a year-over-year basis. As a group, analysts expect that Pinterest, Inc. will post 0.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pinterest

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Pinterest by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 62,056,069 shares of the company’s stock worth $1,606,632,000 after acquiring an additional 1,069,646 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Pinterest by 15.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,809,693 shares of the company’s stock worth $719,994,000 after purchasing an additional 3,669,476 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Pinterest by 30.5% during the fourth quarter. Victory Capital Management Inc. now owns 26,808,870 shares of the company’s stock valued at $694,082,000 after buying an additional 6,258,628 shares during the period. State Street Corp raised its holdings in shares of Pinterest by 52.6% in the fourth quarter. State Street Corp now owns 21,492,169 shares of the company’s stock worth $556,432,000 after buying an additional 7,412,213 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Pinterest by 10.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 19,732,086 shares of the company’s stock worth $634,767,000 after acquiring an additional 1,913,668 shares during the last quarter. 88.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PINS has been the topic of several research analyst reports. Weiss Ratings cut shares of Pinterest from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 2nd. Royal Bank Of Canada boosted their target price on Pinterest from $17.00 to $23.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 5th. Robert W. Baird increased their price target on Pinterest from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Benchmark decreased their price objective on Pinterest from $34.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Finally, Rothschild & Co Redburn set a $23.00 target price on Pinterest and gave the company a “neutral” rating in a research report on Monday, April 27th. Sixteen research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company 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.