Key Points
- Pinterest director Benjamin Silbermann sold 46,875 shares for approximately $1.10 million at an average price of $23.40 under a pre-arranged Rule 10b5-1 trading plan.
- Silbermann has made eight additional sales of 46,875 shares each since June 2, bringing his recent disclosed sales to more than $8.1 million.
- Pinterest reported stronger-than-expected quarterly results, with $0.43 in EPS and $1.18 billion in revenue, while analysts maintain a consensus “Hold” rating and an average price target of $27.90.
Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Benjamin Silbermann sold 46,875 shares of the firm's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $23.40, for a total value of $1,096,875.00. The transaction was disclosed in a document filed with the SEC, which is available 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, 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 shares were sold at an average price of $22.63, for a total transaction of $1,060,781.25.
- On Tuesday, June 30th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were 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.
- 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 shares were sold at an average price of $20.50, for a total transaction of $960,937.50.
Pinterest Stock Performance
NYSE:PINS opened at $23.38 on Thursday. Pinterest, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $38.57. 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 company has a 50 day moving average price of $22.44 and a 200 day moving average price of $20.38. The stock has a market capitalization of $13.10 billion, a P/E ratio of 68.76, a PEG ratio of 1.24 and a beta of 0.90.
Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.07. Pinterest had a return on equity of 7.49% and a net margin of 5.46%.The company had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.15 billion. During the same period in the prior year, the firm earned $0.33 earnings per share. The firm's revenue was up 18.2% compared to the same quarter last year. Equities research analysts forecast that Pinterest, Inc. will post 0.62 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Elevated Capital Advisors LLC acquired a new stake in shares of Pinterest in the 4th quarter valued at $26,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Pinterest by 2,017.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company's stock worth $29,000 after purchasing an additional 1,049 shares in the last quarter. Addison Advisors LLC grew its stake in shares of Pinterest by 727.3% during the fourth quarter. Addison Advisors LLC now owns 1,365 shares of the company's stock worth $35,000 after purchasing an additional 1,200 shares in the last quarter. Garner Asset Management Corp purchased a new position in Pinterest in the fourth quarter valued at $36,000. Finally, MidFirst Bank purchased a new position in Pinterest in the fourth quarter valued at $44,000. Institutional investors and hedge funds own 88.81% of the company's stock.
Analyst Ratings Changes
Several research firms have weighed in on PINS. Robert W. Baird lifted their target price on Pinterest from $24.00 to $26.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. raised their price target on shares of Pinterest from $20.00 to $25.00 and gave the company a "neutral" rating in a research report on Tuesday, May 5th. Stifel Nicolaus boosted their price target on shares of Pinterest from $25.00 to $27.00 and gave the stock a "buy" rating in a research note on Tuesday, May 5th. Piper Sandler reiterated a "neutral" rating and issued a $26.00 price objective (up from $21.00) on shares of Pinterest in a research note on Tuesday, May 5th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $28.00 target price on shares of Pinterest in a report on Tuesday, May 5th. Seventeen analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $27.90.
Get Our Latest Stock Report on Pinterest
Pinterest Company Profile
(
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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