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

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of Pinterest stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $22.63, for a total transaction of $1,060,781.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 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.
• On Tuesday, June 16th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $21.15, for a total transaction of $991,406.25.
• 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 value of $960,937.50.

Pinterest Stock Performance

Shares of NYSE:PINS traded up $0.09 during midday trading on Thursday, reaching $22.62. 10,750,957 shares of the company’s stock traded hands, compared to its average volume of 18,876,965. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.23 and a current ratio of 4.23. Pinterest, Inc. has a one year low of $13.84 and a one year high of $39.93. The company has a market cap of $12.67 billion, a price-to-earnings ratio of 47.12, a P/E/G ratio of 1.26 and a beta of 0.89. The stock has a 50 day moving average of $20.65 and a 200 day moving average of $20.92.

Pinterest (NYSE:PINS) last issued its earnings results on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The business had revenue of $1.01 billion during 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%.Pinterest’s revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 EPS. As a group, equities research analysts anticipate that Pinterest, Inc. will post 0.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PINS has been the topic of several research analyst reports. Piper Sandler reissued a “neutral” rating and set a $26.00 price target (up from $21.00) on shares of Pinterest in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $24.00 price objective on shares of Pinterest in a report on Tuesday, May 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Pinterest in a research report on Tuesday, June 30th. Robert W. Baird increased their target price on Pinterest from $20.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Finally, Citigroup raised their target price on Pinterest from $19.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Seventeen equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Pinterest presently has an average rating of “Hold” and an average price target of $27.42.

Institutional Investors Weigh In On Pinterest

A number of hedge funds have recently modified their holdings of PINS. Snowden Capital Advisors LLC lifted its stake in Pinterest by 4.4% in the second quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock worth $253,000 after acquiring an additional 296 shares during the last quarter. EP Wealth Advisors LLC increased its position in shares of 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 raised its holdings in shares of Pinterest by 0.5% in the 4th quarter. Central Pacific Bank Trust Division now owns 95,960 shares of the company’s stock valued at $2,484,000 after purchasing an additional 464 shares in the last quarter. Simon Quick Advisors LLC raised its holdings in shares of Pinterest by 5.5% in the 4th quarter. Simon Quick Advisors LLC now owns 10,237 shares of the company’s stock valued at $265,000 after purchasing an additional 535 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of Pinterest by 2.2% during the 4th quarter. CIBC Asset Management Inc now owns 26,434 shares of the company’s stock worth $684,000 after purchasing an additional 560 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.

Pinterest Company Profile

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.