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

Key Points

• Director Benjamin Silbermann sold 46,875 Pinterest shares at an average price of $20.07, generating approximately $940,781. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan and follows several recent insider sales.
• Pinterest shares fell to $18.34, with the stock trading below its 50-day average of $22.88 but above its 52-week low of $13.84. The company has a market capitalization of approximately $10.28 billion.
• Pinterest exceeded quarterly expectations, reporting $0.43 in adjusted EPS and $1.18 billion in revenue, up 18.2% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $27.90.

Pinterest, Inc. (NYSE:PINS - Get Free Report) Director Benjamin Silbermann sold 46,875 shares of the business's stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $20.07, for a total transaction of $940,781.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Benjamin Silbermann also recently made the following trade(s):

• On Wednesday, September 2nd, Benjamin Silbermann sold 93,750 shares of Pinterest stock. The shares were sold at an average price of $21.43, for a total transaction 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 transaction of $1,102,968.75.
• On Tuesday, August 18th, Benjamin Silbermann sold 46,875 shares of Pinterest stock. The stock was sold at an average price of $23.40, for a total transaction of $1,096,875.00.
• 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 transaction 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 transaction 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 transaction 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 transaction 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.

Pinterest Stock Performance

Pinterest stock traded down $1.79 during trading hours on Wednesday, hitting $18.34. The stock had a trading volume of 28,056,151 shares, compared to its average volume of 16,990,941. The company has a 50-day moving average of $22.88 and a two-hundred day moving average of $20.70. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.34. The company has a market cap of $10.28 billion, a PE ratio of 53.96, a price-to-earnings-growth ratio of 1.34 and a beta of 0.90. Pinterest, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $37.05.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.07. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. Pinterest had a return on equity of 7.49% and a net margin of 5.46%.The company's quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the company earned $0.33 EPS. On average, equities research analysts anticipate that Pinterest, Inc. will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PINS has been the topic of several analyst reports. Barclays boosted their price target on shares of Pinterest from $27.00 to $31.00 and gave the company an "equal weight" rating in a report on Wednesday, August 5th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $30.00 price objective on shares of Pinterest in a report on Wednesday, August 5th. Weiss Ratings upgraded shares of Pinterest from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, July 28th. TD Cowen reissued a "buy" rating on shares of Pinterest in a research note on Monday, June 22nd. Finally, Citigroup increased their price target on shares of Pinterest from $25.00 to $27.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Eighteen investment analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $27.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Snowden Capital Advisors LLC grew its holdings 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 worth $253,000 after purchasing an additional 296 shares during the last quarter. EP Wealth Advisors LLC lifted its holdings in Pinterest by 3.9% during 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. CIBC Asset Management Inc lifted its holdings in Pinterest by 2.2% during the 4th quarter. CIBC Asset Management Inc now owns 26,434 shares of the company's stock valued at $684,000 after purchasing an additional 560 shares during the last quarter. Coyle Financial Counsel LLC boosted its position in Pinterest by 5.9% in the fourth quarter. Coyle Financial Counsel LLC now owns 10,589 shares of the company's stock valued at $274,000 after buying an additional 587 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its position 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 buying an additional 607 shares in the last quarter. 88.81% of the stock is owned by institutional investors.

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.

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