Pinterest (NYSE:PINS) Director Benjamin Silbermann Sells 46,875 Shares

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $21.15, for a total transaction of $991,406.25. The sale was disclosed in a document filed 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, June 9th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $21.78, for a total transaction of $1,020,937.50.
• On Tuesday, June 2nd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $20.50, for a total transaction of $960,937.50.

Pinterest Price Performance

Shares of PINS stock traded down $0.79 during trading on Wednesday, hitting $20.37. The company had a trading volume of 19,608,569 shares, compared to its average volume of 19,196,467. The firm has a market capitalization of $11.41 billion, a P/E ratio of 42.43, a price-to-earnings-growth ratio of 1.15 and a beta of 0.92. Pinterest, Inc. has a one year low of $13.84 and a one year high of $39.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.23 and a current ratio of 4.23. The stock’s 50-day moving average price is $20.11 and its 200 day moving average price is $21.55.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The company’s revenue was up 17.8% on a year-over-year basis. During the same quarter last year, the company earned $0.23 EPS. Equities analysts expect that Pinterest, Inc. will post 0.68 EPS for the current fiscal year.

Analysts Set New Price Targets

PINS has been the subject of a number of analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $28.00 price target on shares of Pinterest in a research note on Tuesday, May 5th. UBS Group raised their target price on shares of Pinterest from $29.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Guggenheim restated a “buy” rating and issued a $24.00 target price on shares of Pinterest in a research report on Monday. Royal Bank Of Canada upped their price target on shares of Pinterest from $17.00 to $23.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings lowered shares of Pinterest from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 2nd. Sixteen investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.40.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PINS. Snowden Capital Advisors LLC boosted its stake in shares of Pinterest by 4.4% in the 2nd quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock valued at $253,000 after purchasing an additional 296 shares in the last quarter. EP Wealth Advisors LLC lifted its stake in Pinterest by 3.9% in the 2nd quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock valued at $340,000 after purchasing an additional 358 shares during the last quarter. Central Pacific Bank Trust Division boosted its position in Pinterest by 0.5% in the fourth quarter. Central Pacific Bank Trust Division now owns 95,960 shares of the company’s stock valued at $2,484,000 after buying an additional 464 shares in the last quarter. Simon Quick Advisors LLC grew its stake in shares of Pinterest by 5.5% during the fourth quarter. Simon Quick Advisors LLC now owns 10,237 shares of the company’s stock worth $265,000 after buying an additional 535 shares during the last quarter. Finally, Coyle Financial Counsel LLC grew its stake in shares of Pinterest by 5.8% during the third quarter. Coyle Financial Counsel LLC now owns 10,002 shares of the company’s stock worth $322,000 after buying an additional 551 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.

About Pinterest

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.