Key Points
- Director Benjamin Silbermann sold 46,875 Pinterest shares at an average price of $21.56, generating $1.01 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan and follows several similar sales in recent months.
- Pinterest shares opened at $21.76, with a market capitalization of approximately $12.19 billion. The company recently exceeded quarterly earnings and revenue expectations, reporting $0.43 in EPS and $1.18 billion in revenue, with revenue up 18.2% year over year.
- Analyst sentiment is mixed, with 18 Buy ratings and 19 Holds producing a consensus rating of Hold and an average price target of $27.90. Institutional investors own approximately 88.81% of Pinterest’s outstanding shares.
Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Benjamin Silbermann sold 46,875 shares of Pinterest stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $21.56, for a total transaction of $1,010,625.00. The transaction was disclosed in a legal filing 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, October 6th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $19.66, for a total transaction of $921,562.50.
- On Tuesday, September 29th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $18.33, for a total transaction of $859,218.75.
- On Tuesday, September 22nd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $19.50, for a total transaction of $914,062.50.
- On Tuesday, September 15th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $19.22, for a total transaction 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 transaction 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 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 stock was sold at an average price of $22.54, for a total transaction of $1,056,562.50.
Pinterest Stock Down 2.7%
Shares of NYSE PINS opened at $21.76 on Thursday. 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 $12.19 billion, a P/E ratio of 64.00, a PEG ratio of 1.46 and a beta of 0.90. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $35.42. The firm has a 50-day simple moving average of $21.00 and a two-hundred day simple moving average of $20.89.
Pinterest (NYSE:PINS - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share (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 return on equity of 7.49% and a net margin of 5.46%. The company's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 earnings per share. Research analysts anticipate that Pinterest, Inc. will post 0.58 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the company. Wells Fargo & Company raised their price target on Pinterest from $30.00 to $31.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. Mizuho upped their price objective on Pinterest from $31.00 to $32.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Wedbush reaffirmed a "neutral" rating and issued a $24.00 price objective on shares of Pinterest in a research report on Wednesday, August 5th. Morgan Stanley increased their target price on Pinterest from $30.00 to $32.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Finally, Royal Bank Of Canada increased their target price on Pinterest from $23.00 to $25.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 5th. Eighteen research analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Pinterest currently has a consensus rating of "Hold" and a consensus price target of $27.90.
View Our Latest Analysis on Pinterest
Institutional Investors Weigh In On Pinterest
Large investors have recently added to or reduced their stakes in the stock. Tempus Wealth Planning LLC increased its position in shares of Pinterest by 8.5% during the third quarter. Tempus Wealth Planning LLC now owns 22,818 shares of the company's stock worth $431,000 after acquiring an additional 1,783 shares during the period. Seelaus Asset Management LLC raised its stake in shares of Pinterest by 27.6% during the third quarter. Seelaus Asset Management LLC now owns 26,829 shares of the company's stock valued at $507,000 after acquiring an additional 5,807 shares in the last quarter. Krilogy Financial LLC bought a new stake in shares of Pinterest during the third quarter valued at approximately $232,000. NorthCrest Asset Manangement LLC raised its stake in shares of Pinterest by 46.7% during the third quarter. NorthCrest Asset Manangement LLC now owns 13,153 shares of the company's stock valued at $270,000 after acquiring an additional 4,189 shares in the last quarter. Finally, Insight Wealth Strategies LLC bought a new stake in shares of Pinterest during the third quarter valued at approximately $4,901,000. 88.81% of the stock is owned by hedge funds and other institutional investors.
Pinterest Company Profile
(
Get Free Report)
Pinterest, Inc operates a visual discovery and planning platform that helps people find, save and organize ideas for projects, interests and everyday activities. Users can collect images, videos and other content as “Pins” and arrange them on personalized or collaborative boards. The platform supports discovery across areas such as home design, food, fashion, travel, beauty and do-it-yourself projects.
Pinterest also provides tools for businesses and creators, including visual advertising, shopping features, product catalogs and analytics.
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