Key Points
- Pinterest director Benjamin Silbermann sold 46,875 shares at an average price of $23.53, generating proceeds of approximately $1.10 million under a pre-arranged Rule 10b5-1 trading plan.
- Silbermann has made a series of similar sales since June, selling the same number of shares in each transaction as Pinterest’s stock price generally increased.
- Pinterest recently exceeded quarterly earnings and revenue expectations, 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 stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $23.53, for a total transaction of $1,102,968.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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, 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 stock was sold at an average price of $23.88, for a total transaction 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 transaction 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 value 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 transaction of $960,937.50.
Pinterest Stock Performance
PINS stock opened at $23.29 on Thursday. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $38.57. The stock's fifty day moving average price is $22.69 and its 200-day moving average price is $20.47. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.81 and a quick ratio of 3.81. The company has a market cap of $13.05 billion, a P/E ratio of 68.50, a price-to-earnings-growth ratio of 1.27 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.07. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. Pinterest had a return on equity of 7.49% and a net margin of 5.46%.The business's quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. On average, equities analysts forecast that Pinterest, Inc. will post 0.62 earnings per share for the current year.
Institutional Trading of Pinterest
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC purchased a new position in shares of Pinterest during the fourth quarter valued at approximately $252,000. Integrated Wealth Concepts LLC raised its holdings in shares of Pinterest by 5.9% in the first quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company's stock worth $339,000 after buying an additional 607 shares during the period. Empowered Funds LLC lifted its stake in shares of Pinterest by 45.6% during 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 last quarter. Sivia Capital Partners LLC lifted its stake in shares of Pinterest by 39.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company's stock worth $335,000 after acquiring an additional 2,649 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Pinterest during the 2nd quarter worth approximately $696,000. 88.81% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
PINS has been the topic of several analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating and set a $28.00 price target on shares of Pinterest in a report on Tuesday, May 5th. Barclays boosted their target price on Pinterest from $27.00 to $31.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 5th. Guggenheim increased their price target on Pinterest from $24.00 to $26.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Royal Bank Of Canada raised their price target on Pinterest from $23.00 to $25.00 and gave the company a "sector perform" rating in a report on Wednesday, August 5th. Finally, Benchmark cut their price target on Pinterest from $34.00 to $33.00 and set a "buy" rating for the company in a report on Thursday, April 30th. Seventeen equities research analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Pinterest has a consensus rating of "Hold" and a consensus price target of $27.90.
Read Our Latest Research Report on Pinterest
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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