Pinterest (NYSE:PINS) Director Sells $933,750.00 in Stock

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of Pinterest stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $19.92, for a total value of $933,750.00. The sale was disclosed in a document filed with the SEC, 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, October 20th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were 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 stock was 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.
• 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.

Pinterest Trading Up 4.2%

Pinterest stock traded up $0.85 during midday trading on Wednesday, hitting $21.21. 14,688,300 shares of the stock were exchanged, compared to its average volume of 16,579,172. The company has a fifty day simple moving average of $20.51 and a two-hundred day simple moving average of $20.72. Pinterest, Inc. has a 52 week low of $13.84 and a 52 week high of $27.96. The stock has a market capitalization of $11.88 billion, a PE ratio of 84.83, a P/E/G ratio of 1.44 and a beta of 0.98. The company has a quick ratio of 4.28, a current ratio of 4.28 and a debt-to-equity ratio of 0.32.

Pinterest (NYSE:PINS) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). Pinterest had a net margin of 3.81% and a return on equity of 6.58%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the firm posted $0.38 EPS. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities research analysts anticipate that Pinterest, Inc. will post 0.56 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on PINS shares. Wedbush reduced their price target on shares of Pinterest from $24.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, October 30th. Citigroup dropped their price objective on Pinterest from $27.00 to $22.00 and set a “neutral” rating on the stock in a research note on Monday. Mizuho raised their price objective on Pinterest from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Jefferies Financial Group lowered Pinterest from a “strong-buy” rating to a “hold” rating in a report on Friday, October 30th. Finally, JPMorgan Chase & Co. decreased their target price on Pinterest from $27.00 to $22.00 and set a “neutral” rating for the company 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, nineteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Pinterest presently has an average rating of “Hold” and an average target price of $25.97.

Hedge Funds Weigh In On Pinterest

A number of large investors have recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in shares of Pinterest in the third quarter valued at approximately $31,000. Reyes Financial Architecture Inc. bought a new stake in shares of Pinterest in the third quarter worth $34,000. Summit Securities Group LLC acquired a new position in Pinterest during the first quarter worth $43,000. Daytona Street Capital LLC acquired a new position in Pinterest during the third quarter worth $45,000. Finally, Provenance Wealth Advisors LLC acquired a new position in Pinterest during the third quarter worth $60,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

About Pinterest

Pinterest, Inc (NYSE: PINS) operates a visual discovery platform that helps people find ideas and inspiration for activities such as home improvement, cooking, fashion, travel and event planning. Users can discover, save and organize images and videos—known as Pins—on personalized boards and explore recommendations based on their interests.

The company also provides tools for businesses and creators to showcase products and content on the platform. Its advertising business includes promoted Pins and other advertising formats designed to help marketers reach users while they are discovering ideas, researching products and planning purchases.