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

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $19.99, for a total transaction of $937,031.25. The transaction was disclosed in a document filed with the SEC, which is available 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 16th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was 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 Price Performance

Shares of NYSE:PINS traded down $0.38 on Thursday, reaching $19.48. 14,008,304 shares of the company traded hands, compared to its average volume of 19,309,492. The stock has a market capitalization of $10.91 billion, a PE ratio of 40.58, a P/E/G ratio of 1.12 and a beta of 0.92. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.23 and a quick ratio of 4.23. The company’s 50 day moving average is $20.34 and its 200-day moving average is $21.27. Pinterest, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $39.93.

Pinterest (NYSE:PINS) last issued its earnings results on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $965.84 million. During the same period in the previous year, the firm posted $0.23 EPS. The company’s quarterly revenue was up 17.8% on a year-over-year basis. As a group, analysts anticipate that Pinterest, Inc. will post 0.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Revolve Wealth Partners LLC acquired a new position in shares of Pinterest in the fourth quarter worth $252,000. Integrated Wealth Concepts LLC grew its stake in Pinterest by 5.9% in the first quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock valued at $339,000 after purchasing an additional 607 shares in the last quarter. Empowered Funds LLC grew its stake in Pinterest by 45.6% in the first quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock valued at $470,000 after purchasing an additional 4,748 shares in the last quarter. Sivia Capital Partners LLC increased its position in Pinterest by 39.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company’s stock worth $335,000 after purchasing an additional 2,649 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in Pinterest in the 2nd quarter worth about $696,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada lifted their target price on shares of Pinterest from $17.00 to $23.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 5th. Evercore set a $27.00 price objective on shares of Pinterest in a research note on Tuesday, May 5th. Wells Fargo & Company lifted their price objective on shares of Pinterest from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group reissued a “buy” rating and set a $28.00 target price on shares of Pinterest in a research note on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $24.00 target price on shares of Pinterest in a report on Tuesday, May 5th. Sixteen analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $27.40.

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.