Key Points
- Pinterest director Benjamin Silbermann sold 46,875 shares at an average price of $20.07, generating proceeds of $940,781.25. The transaction was made under a pre-arranged Rule 10b5-1 trading plan and follows several earlier sales totaling millions of dollars.
- Pinterest shares opened at $18.34, with the stock reported down 8.9%; the company has a market capitalization of approximately $10.28 billion and trades at a price-to-earnings ratio of 53.96.
- Pinterest recently exceeded quarterly earnings and revenue expectations, reporting $0.43 in EPS and $1.18 billion in revenue, while analysts maintain an overall “Hold” rating with a consensus 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 that occurred on Tuesday, September 8th. The stock was sold at an average price of $20.07, for a total transaction of $940,781.25. 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 Wednesday, September 2nd, Benjamin Silbermann sold 93,750 shares of Pinterest stock. The shares were sold at an average price of $21.43, for a total value of $2,009,062.50.
- On Tuesday, August 25th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was 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 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 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 shares were 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 stock was 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 shares were sold at an average price of $21.45, for a total value of $1,005,468.75.
- On Tuesday, June 23rd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were 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 stock was sold at an average price of $21.15, for a total transaction of $991,406.25.
Pinterest Stock Down 8.9%
Shares of PINS opened at $18.34 on Thursday. The stock has a market capitalization of $10.28 billion, a PE ratio of 53.96, a P/E/G ratio of 1.32 and a beta of 0.90. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $37.05. 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's 50-day simple moving average is $22.81 and its 200-day simple moving average is $20.71.
Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.36 by $0.07. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The business's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 earnings per share. Analysts forecast that Pinterest, Inc. will post 0.58 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the company. DA Davidson upped their price objective on Pinterest from $26.00 to $27.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Robert W. Baird boosted their target price on Pinterest from $24.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Wells Fargo & Company increased their price target on Pinterest from $30.00 to $31.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. Weiss Ratings raised Pinterest from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, July 28th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $30.00 target price on shares of Pinterest in a report on Wednesday, August 5th. Eighteen investment analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $27.90.
Get Our Latest Report on PINS
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in PINS. Revolve Wealth Partners LLC purchased a new stake in Pinterest during the fourth quarter worth approximately $252,000. Integrated Wealth Concepts LLC increased its stake in Pinterest by 5.9% in the first quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company's stock valued at $339,000 after purchasing an additional 607 shares during the last quarter. Empowered Funds LLC increased its stake in Pinterest by 45.6% in the first quarter. Empowered Funds LLC now owns 15,168 shares of the company's stock valued at $470,000 after purchasing an additional 4,748 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in Pinterest by 39.5% during the second quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company's stock worth $335,000 after purchasing an additional 2,649 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in Pinterest during the second quarter worth approximately $696,000. 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.
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