Key Points
- Pinterest director Benjamin Silbermann sold 46,875 shares at an average price of $19.22, generating approximately $900,938. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Silbermann has made multiple Pinterest stock sales since June, totaling more than $10 million based on the transactions listed in the article.
- Pinterest reported quarterly earnings of $0.43 per share and revenue of $1.18 billion, beating analyst estimates. Despite mostly positive analyst actions, the stock carried an overall “Hold” rating with 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 that occurred on Tuesday, September 15th. The stock was sold at an average price of $19.22, for a total value of $900,937.50. The transaction was disclosed in a 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, September 8th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $20.07, for a total value of $940,781.25.
- 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 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 shares were 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 stock was 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 shares were sold at an average price of $19.99, for a total transaction of $937,031.25.
Pinterest Price Performance
NYSE:PINS opened at $18.71 on Thursday. The firm has a market cap of $10.48 billion, a PE ratio of 55.02, a price-to-earnings-growth ratio of 1.23 and a beta of 0.90. Pinterest, Inc. has a 12 month low of $13.84 and a 12 month high of $37.05. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.34. The company's 50-day moving average price is $22.48 and its two-hundred day moving average price is $20.77.
Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.07. The firm had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.15 billion. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The company's quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 earnings per share. On average, equities analysts anticipate that Pinterest, Inc. will post 0.58 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on PINS. TD Cowen reaffirmed a "buy" rating on shares of Pinterest in a report on Monday, June 22nd. DA Davidson boosted their price objective on Pinterest from $26.00 to $27.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Wells Fargo & Company boosted their price objective on Pinterest from $30.00 to $31.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. Wall Street Zen upgraded Pinterest from a "hold" rating to a "buy" rating in a report on Sunday, August 9th. Finally, Barclays increased their price objective on shares of Pinterest from $27.00 to $31.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 5th. Eighteen research analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company's stock. According to MarketBeat, Pinterest currently has an average rating of "Hold" and an average price target of $27.90.
Get Our Latest Stock Analysis on Pinterest
Institutional Investors Weigh In On Pinterest
Several hedge funds and other institutional investors have recently made changes to their positions in PINS. Caitong International Asset Management Co. Ltd raised its position 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 acquiring an additional 1,049 shares during the last quarter. Addison Advisors LLC lifted 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 valued at $35,000 after acquiring an additional 1,200 shares during the period. Summit Securities Group LLC bought a new position in Pinterest in the first quarter valued at about $43,000. MidFirst Bank bought a new position in Pinterest in the fourth quarter valued at about $44,000. Finally, Bessemer Group Inc. increased its position in Pinterest by 445.1% in the first quarter. Bessemer Group Inc. now owns 3,712 shares of the company's stock worth $68,000 after purchasing an additional 3,031 shares during the period. 88.81% of the stock is owned by institutional investors and hedge funds.
About Pinterest
(
Get Free Report)
Pinterest, Inc (NYSE:PINS) operates a visual discovery and planning platform that helps people find ideas and inspiration across categories such as home design, food, fashion, travel and hobbies. Users can discover, save and organize images, videos and other content into collections called boards, as well as share ideas with others.
The company also provides tools for merchants, creators and advertisers. Businesses can use Pinterest to showcase products, reach audiences through visual advertising and direct users to websites or online shopping experiences.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
