Key Points
- Benjamin Silbermann sold 93,750 Pinterest shares for approximately $2.01 million at an average price of $21.43 under a pre-arranged Rule 10b5-1 trading plan. He has made several additional sales since June.
- Pinterest reported quarterly revenue of $1.18 billion and adjusted earnings of $0.43 per share, exceeding analyst expectations; revenue increased 18.2% year over year.
- Analyst sentiment is mixed, with an overall “Hold” rating and average price target of $27.90, while institutional investors own approximately 88.81% of Pinterest’s stock.
Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Benjamin Silbermann sold 93,750 shares of the business's stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $21.43, for a total value of $2,009,062.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 25th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $23.53, for a total value of $1,102,968.75.
- On Tuesday, August 18th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were 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 value 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 transaction 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 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.
Pinterest Price Performance
PINS stock opened at $21.23 on Thursday. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $38.57. The company has a market cap of $11.89 billion, a P/E ratio of 62.44, a PEG ratio of 1.39 and a beta of 0.90. The firm has a 50-day moving average of $22.90 and a 200 day moving average of $20.56. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.81 and a quick ratio of 3.81.
Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.07. Pinterest had a return on equity of 7.49% and a net margin of 5.46%.The business had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.15 billion. During the same period in the previous year, the firm posted $0.33 EPS. The business's revenue was up 18.2% on a year-over-year basis. On average, sell-side analysts forecast that Pinterest, Inc. will post 0.58 EPS for the current year.
Hedge Funds Weigh In On Pinterest
Hedge funds have recently bought and sold shares of the company. Forsta AP Fonden grew its holdings in shares of Pinterest by 61.2% during the fourth quarter. Forsta AP Fonden now owns 397,400 shares of the company's stock valued at $10,289,000 after buying an additional 150,900 shares during the last quarter. Amundi lifted its position in Pinterest by 38.3% in the 1st quarter. Amundi now owns 3,200,829 shares of the company's stock valued at $58,703,000 after acquiring an additional 885,927 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in Pinterest during the 4th quarter valued at $12,812,000. Freemont Management S.A. bought a new stake in shares of Pinterest in the 4th quarter worth $2,540,000. Finally, Northwestern Mutual Investment Management Company LLC purchased a new position in shares of Pinterest in the fourth quarter worth $3,451,000. Institutional investors own 88.81% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on PINS shares. Jefferies Financial Group upgraded Pinterest from a "hold" rating to a "buy" rating in a report on Monday. Robert W. Baird lifted their price target on shares of Pinterest from $24.00 to $26.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Morgan Stanley upped their price objective on shares of Pinterest from $30.00 to $32.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. BMO Capital Markets raised their target price on shares of Pinterest from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Finally, Susquehanna reissued a "positive" rating on shares of Pinterest in a research report on Wednesday, August 5th. Eighteen research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $27.90.
Check Out Our Latest Analysis on PINS
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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