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

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $23.40, for a total value of $1,096,875.00. 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, August 11th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $23.88, for a total value of $1,119,375.00.
• On Tuesday, July 21st, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $22.54, for a total value of $1,056,562.50.
• On Tuesday, July 7th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $22.63, for a total value of $1,060,781.25.
• On Tuesday, June 30th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $21.45, for a total value of $1,005,468.75.
• On Tuesday, June 23rd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $19.99, for a total value 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 value of $991,406.25.
• On Tuesday, June 9th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The shares were sold at an average price of $21.78, for a total value of $1,020,937.50.
• On Tuesday, June 2nd, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $20.50, for a total transaction of $960,937.50.

Pinterest Stock Down 0.9%

Shares of NYSE:PINS opened at $23.18 on Friday. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $22.48 and a 200 day simple moving average of $20.39. The firm has a market cap of $12.98 billion, a PE ratio of 68.18, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90. Pinterest, Inc. has a 12-month low of $13.84 and a 12-month high of $38.57.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The firm’s revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 EPS. On average, equities research analysts anticipate that Pinterest, Inc. will post 0.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Pinterest

Several institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank bought a new position in shares of Pinterest during the fourth quarter worth about $357,945,000. State Street Corp lifted its position in Pinterest by 52.6% in the 4th quarter. State Street Corp now owns 21,492,169 shares of the company’s stock valued at $556,432,000 after purchasing an additional 7,412,213 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Pinterest by 30.5% during the 4th quarter. Victory Capital Management Inc. now owns 26,808,870 shares of the company’s stock valued at $694,082,000 after purchasing an additional 6,258,628 shares during the period. Renaissance Technologies LLC boosted its stake in Pinterest by 271.1% during the 1st quarter. Renaissance Technologies LLC now owns 5,988,631 shares of the company’s stock valued at $109,831,000 after purchasing an additional 4,375,000 shares during the period. Finally, Davis Selected Advisers grew its position in Pinterest by 49.5% in the 4th quarter. Davis Selected Advisers now owns 11,801,983 shares of the company’s stock worth $305,554,000 after purchasing an additional 3,909,926 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PINS. Wall Street Zen upgraded Pinterest from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. TD Cowen restated a “buy” rating on shares of Pinterest in a research note on Monday, June 22nd. Robert W. Baird increased their target price on Pinterest from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Royal Bank Of Canada lifted their target price on Pinterest from $23.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $30.00 price target on shares of Pinterest in a report on Wednesday, August 5th. Seventeen equities research analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $27.90.

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.