Key Points
- Director Benjamin Silbermann sold 46,875 Pinterest shares at an average price of $19.50, generating $914,062.50. The transaction was made under a pre-arranged Rule 10b5-1 trading plan.
- Silbermann has made multiple Pinterest sales since June, including 93,750 shares on September 2, indicating a sustained pattern of insider selling.
- Pinterest recently exceeded quarterly earnings and revenue expectations, while analysts maintain a consensus “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 dated Tuesday, September 22nd. The stock was sold at an average price of $19.50, for a total value of $914,062.50. The transaction was disclosed in a document filed with the SEC, which can be accessed 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, September 15th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $19.22, for a total value of $900,937.50.
- On Tuesday, September 8th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was 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 stock was sold at an average price of $21.43, for a total transaction of $2,009,062.50.
- 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 transaction 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 transaction 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.
Pinterest Price Performance
NYSE:PINS opened at $18.46 on Thursday. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.34. Pinterest, Inc. has a 52 week low of $13.84 and a 52 week high of $35.42. The stock's 50-day moving average price is $22.06 and its 200-day moving average price is $20.77. The stock has a market capitalization of $10.34 billion, a PE ratio of 54.29, a price-to-earnings-growth ratio of 1.20 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 for the quarter, topping analysts' consensus estimates of $0.36 by $0.07. The company had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.15 billion. Pinterest had a return on equity of 7.49% and a net margin of 5.46%.Pinterest's quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 EPS. As a group, equities analysts expect that Pinterest, Inc. will post 0.58 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on PINS. Wells Fargo & Company increased their target price on Pinterest from $30.00 to $31.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. Susquehanna restated a "positive" rating on shares of Pinterest in a research report on Wednesday, August 5th. Guggenheim increased their price objective on shares of Pinterest from $24.00 to $26.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Royal Bank Of Canada lifted their target price on shares of Pinterest from $23.00 to $25.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 5th. Finally, Citigroup boosted their target price on shares of Pinterest from $25.00 to $27.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Eighteen research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the stock. Based on data from MarketBeat.com, Pinterest currently has a consensus rating of "Hold" and an average price target of $27.90.
Read Our Latest Analysis on PINS
Institutional Trading of Pinterest
Several large investors have recently made changes to their positions in PINS. Caitong International Asset Management Co. Ltd raised its stake in Pinterest by 2,017.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company's stock valued at $29,000 after purchasing an additional 1,049 shares during the last quarter. Summit Securities Group LLC acquired a new stake in Pinterest during the 1st quarter worth $43,000. MidFirst Bank acquired a new stake in Pinterest during the 4th quarter worth $44,000. Bessemer Group Inc. grew its holdings in shares of Pinterest by 445.1% during the first quarter. Bessemer Group Inc. now owns 3,712 shares of the company's stock worth $68,000 after buying an additional 3,031 shares in the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Pinterest during the fourth quarter worth $85,000. 88.81% of the stock is currently owned by hedge funds and other institutional investors.
Pinterest Company Profile
(
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.
See Also
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