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

Pinterest, Inc. (NYSE:PINSGet Free Report) Director Benjamin Silbermann sold 46,875 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $20.50, for a total value of $960,937.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pinterest Trading Up 4.3%

Shares of NYSE:PINS traded up $0.90 during midday trading on Thursday, reaching $21.57. The company had a trading volume of 27,520,462 shares, compared to its average volume of 19,140,541. The company has a fifty day simple moving average of $19.53 and a two-hundred day simple moving average of $21.81. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 44.93, a price-to-earnings-growth ratio of 1.13 and a beta of 0.92. 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 1-year low of $13.84 and a 1-year high of $39.93.

Pinterest (NYSE:PINSGet Free Report) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.05. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The business’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.23 EPS. Research analysts predict that Pinterest, Inc. will post 0.68 earnings per share for the current year.

Trending Headlines about Pinterest

Here are the key news stories impacting Pinterest this week:

  • Positive Sentiment: Pinterest’s expanded AWS agreement should help fund and scale AI-powered visual discovery features, which could improve user engagement and long-term ad monetization. Pinterest Works with AWS to Power Next Chapter of AI-Driven Visual Search Discovery
  • Positive Sentiment: The partnership reinforces Pinterest’s push into AI-driven search and personalized recommendations, which could support revenue growth if better targeting lifts ad performance. Pinterest signs $4 billion Amazon deal for cloud services
  • Neutral Sentiment: Recent insider selling by director Benjamin Silbermann under a pre-arranged 10b5-1 plan may slightly temper sentiment, but the sale was disclosed as scheduled and does not necessarily signal a negative view of the business.
  • Neutral Sentiment: Separate insider sales and valuation commentary have kept attention on Pinterest’s mixed stock performance, but the AWS announcement is the main catalyst driving trading today.

Analyst Ratings Changes

PINS has been the subject of several research analyst reports. Robert W. Baird increased their price objective on Pinterest from $20.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Loop Capital downgraded Pinterest from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $45.00 to $18.00 in a research note on Friday, February 13th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $28.00 price target on shares of Pinterest in a research note on Tuesday, May 5th. Guggenheim raised their price target on Pinterest from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, Rosenblatt Securities raised their price target on Pinterest from $20.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Sixteen equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Pinterest currently has a consensus rating of “Hold” and an average target price of $27.40.

View Our Latest Research Report on PINS

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PINS. Revolve Wealth Partners LLC acquired a new position in shares of Pinterest during the 4th quarter valued at about $252,000. Integrated Wealth Concepts LLC increased its holdings in shares of Pinterest by 5.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock valued at $339,000 after acquiring an additional 607 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Pinterest by 45.6% during the 1st quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock valued at $470,000 after acquiring an additional 4,748 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Pinterest by 39.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company’s stock valued at $335,000 after acquiring an additional 2,649 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Pinterest during the 2nd quarter valued at about $696,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Pinterest (NYSE:PINS)

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