Key Points
- Pinterest director Benjamin Silbermann sold 46,875 shares on June 2 at an average price of $20.50, totaling about $960,938. The sale was made under a pre-arranged Rule 10b5-1 plan.
- Shares rose 4.3% and opened at $21.57, with the company trading near its 50-day and 200-day moving averages. Pinterest’s market cap is about $12.08 billion, and the stock remains well below its 52-week high of $39.93.
- Recent fundamentals and catalysts look mixed but improving: Pinterest beat last quarter’s EPS and revenue estimates, and a new AWS partnership expansion includes a $4 billion commitment through 2031 to support AI infrastructure and visual search tools.
Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Benjamin Silbermann sold 46,875 shares of the company's stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $20.50, for a total value of $960,937.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Pinterest Trading Up 4.3%
PINS opened at $21.57 on Friday. The business has a 50 day simple moving average of $19.59 and a two-hundred day simple moving average of $21.77. The firm has a market capitalization of $12.08 billion, a price-to-earnings ratio of 44.93, a PEG ratio of 1.12 and a beta of 0.92. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.23 and a quick ratio of 4.23. Pinterest, Inc. has a one year low of $13.84 and a one year high of $39.93.
Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings results on Monday, May 4th. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.05. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.Pinterest's quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 EPS. Analysts predict that Pinterest, Inc. will post 0.68 EPS for the current year.
More Pinterest News
Here are the key news stories impacting Pinterest this week:
Analysts Set New Price Targets
A number of research analysts have commented on PINS shares. Oppenheimer upped their price target on Pinterest from $24.00 to $30.00 and gave the company an "outperform" rating in a research report on Tuesday, May 5th. Rothschild & Co Redburn set a $23.00 target price on Pinterest and gave the stock a "neutral" rating in a report on Monday, April 27th. Royal Bank Of Canada upped their target price on Pinterest from $17.00 to $23.00 and gave the stock a "sector perform" rating in a report on Tuesday, May 5th. Cantor Fitzgerald set a $18.00 target price on Pinterest in a report on Friday, February 13th. Finally, Evercore set a $27.00 target price on Pinterest in a report on Tuesday, May 5th. Sixteen investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $27.40.
Get Our Latest Research Report on PINS
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Atlantic Union Bankshares Corp grew its holdings in shares of Pinterest by 3,839.1% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company's stock worth $29,000 after acquiring an additional 883 shares during the period. Elevated Capital Advisors LLC purchased a new stake in shares of Pinterest in the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd grew its stake 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 grew its stake 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. Finally, Fifth Third Bancorp grew its stake in shares of Pinterest by 2,409.1% in the 3rd quarter. Fifth Third Bancorp now owns 1,380 shares of the company's stock worth $44,000 after buying an additional 1,325 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company's stock.
About Pinterest
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
