Key Points
- Director Benjamin Silbermann sold 46,875 Pinterest shares on Tuesday at an average price of $22.63, for a total of about $1.06 million. The trade was made under a pre-arranged Rule 10b5-1 plan.
- Silbermann has been steadily selling shares in similar-sized blocks over the prior several weeks, with multiple sales each around 46,875 shares. Recent sale prices ranged from about $19.99 to $21.78.
- Pinterest’s latest results showed solid growth, with quarterly EPS of $0.27 beating estimates and revenue of $1.01 billion, up 17.8% year over year. Analysts currently rate the stock a consensus Hold with an average price target of $27.42.
Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Benjamin Silbermann sold 46,875 shares of Pinterest stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $22.63, for a total transaction of $1,060,781.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 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 value 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.
- 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 transaction of $1,020,937.50.
- On Tuesday, June 2nd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $20.50, for a total value of $960,937.50.
Pinterest Trading Up 0.4%
PINS opened at $22.62 on Friday. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.34. Pinterest, Inc. has a 52 week low of $13.84 and a 52 week high of $39.93. The business's 50 day moving average is $20.70 and its two-hundred day moving average is $20.90. The firm has a market cap of $12.67 billion, a price-to-earnings ratio of 47.12, a price-to-earnings-growth ratio of 1.27 and a beta of 0.89.
Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, beating 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 company's revenue was up 17.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 earnings per share. On average, research analysts predict that Pinterest, Inc. will post 0.66 EPS for the current year.
Analyst Upgrades and Downgrades
PINS has been the topic of several research reports. TD Cowen reissued a "buy" rating on shares of Pinterest in a research report on Monday, June 22nd. Citigroup upped their target price on shares of Pinterest from $19.00 to $25.00 and gave the company a "neutral" rating in a report on Tuesday, May 5th. Rothschild & Co Redburn set a $23.00 price target on Pinterest and gave the stock a "neutral" rating in a report on Monday, April 27th. Piper Sandler reissued a "neutral" rating and set a $26.00 price target (up from $21.00) on shares of Pinterest in a report on Tuesday, May 5th. Finally, Rosenblatt Securities boosted their price target on Pinterest from $20.00 to $24.00 and gave the company a "neutral" rating in a research report on Tuesday, May 5th. Seventeen research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Pinterest currently has an average rating of "Hold" and a consensus price target of $27.42.
Check Out Our Latest Report on Pinterest
Hedge Funds Weigh In On Pinterest
A number of large investors have recently modified their holdings of PINS. Revolve Wealth Partners LLC acquired a new stake in shares of Pinterest during the 4th quarter valued at approximately $252,000. Integrated Wealth Concepts LLC grew its holdings in shares of Pinterest by 5.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company's stock worth $339,000 after acquiring an additional 607 shares during the period. Empowered Funds LLC grew its holdings in shares of Pinterest by 45.6% in the 1st quarter. Empowered Funds LLC now owns 15,168 shares of the company's stock worth $470,000 after acquiring an additional 4,748 shares during the period. Sivia Capital Partners LLC increased its stake in Pinterest by 39.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company's stock valued at $335,000 after purchasing an additional 2,649 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in Pinterest in the 2nd quarter valued at approximately $696,000. 88.81% of the stock is owned by hedge funds and other institutional investors.
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.
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