Key Points
- Pinterest Director Benjamin Silbermann sold 46,875 shares for $885,937.50, at an average price of $18.90. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- The transaction follows a series of similarly sized sales by Silbermann dating back to August, including another 46,875-share sale on November 3.
- Pinterest’s latest quarter missed analyst expectations for earnings and revenue, though revenue rose 11.9% year over year. Analysts’ consensus rating was “Hold,” with a consensus price target of $25.97.
Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Benjamin Silbermann sold 46,875 shares of the company's stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $18.90, for a total transaction of $885,937.50. The sale was disclosed in a document filed 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 Tuesday, November 3rd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $19.92, for a total transaction of $933,750.00.
- On Tuesday, October 20th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $22.56, for a total value of $1,057,500.00.
- On Tuesday, October 13th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $21.56, for a total value of $1,010,625.00.
- 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 value 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 value 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 value 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 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 value 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 value of $1,102,968.75.
Pinterest Stock Performance
PINS opened at $19.10 on Friday. The stock has a market cap of $10.95 billion, a PE ratio of 60.09, a P/E/G ratio of 1.54 and a beta of 0.98. The company has a current ratio of 4.28, a quick ratio of 4.28 and a debt-to-equity ratio of 0.32. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $27.96. The stock's 50 day simple moving average is $20.09 and its 200-day simple moving average is $20.50.
Pinterest (NYSE:PINS - Get Free Report) last issued its earnings results on Thursday, October 29th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.03). The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.21 billion. Pinterest had a return on equity of 6.58% and a net margin of 3.81%. The firm's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the business earned $0.38 earnings per share. Sell-side analysts forecast that Pinterest, Inc. will post 0.51 EPS for the current year.
Wall Street Analyst Weigh In
Several brokerages have issued reports on PINS. The Goldman Sachs Group lowered their price target on shares of Pinterest from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Friday, October 30th. DA Davidson reduced their price objective on shares of Pinterest from $27.00 to $25.00 and set a "buy" rating for the company in a report on Monday, November 2nd. Cantor Fitzgerald decreased their target price on shares of Pinterest from $30.00 to $23.00 and set an "overweight" rating on the stock in a research report on Friday, October 30th. Rosenblatt Securities lowered their target price on shares of Pinterest from $25.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday, October 30th. Finally, Evercore set a $24.00 target price on shares of Pinterest in a research note on Friday, October 30th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $25.97.
Check Out Our Latest Stock Analysis on PINS
Hedge Funds Weigh In On Pinterest
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Root Financial Partners LLC bought a new stake in Pinterest in the third quarter valued at $31,000. Reyes Financial Architecture Inc. acquired a new position in Pinterest during the third quarter worth $34,000. Daytona Street Capital LLC acquired a new position in Pinterest during the third quarter worth $45,000. Provenance Wealth Advisors LLC acquired a new position in Pinterest during the third quarter worth $60,000. Finally, IFP Advisors Inc lifted its holdings in shares of Pinterest by 110.9% during the third quarter. IFP Advisors Inc now owns 3,511 shares of the company's stock valued at $66,000 after acquiring an additional 1,846 shares during the period. Institutional investors own 88.81% of the company's stock.
Pinterest Company Profile
(
Get Free Report)
Pinterest, Inc. operates a visual discovery platform that helps people find ideas and plan projects across interests such as home décor, food, fashion, travel and personal style. Users can save images and videos, known as Pins, to collections called boards and explore related recommendations through the company's website and mobile apps. The company generates revenue primarily through advertising. Its advertising products allow businesses to promote content to users, while shopping features and tools help merchants showcase products and connect with people as they explore ideas and make plans.
Further Reading
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