Pinterest, Inc. (NYSE:PINS) CEO Benjamin Silbermann Sells 59,154 Shares

Pinterest, Inc. (NYSE:PINS – Get Rating) CEO Benjamin Silbermann sold 59,154 shares of the company’s stock in a transaction dated Thursday, April 21st. The shares were sold at an average price of $20.58, for a total transaction of $1,217,389.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NYSE PINS traded up $0.40 during trading hours on Monday, hitting $19.99. 825,173 shares of the stock were exchanged, compared to its average volume of 12,753,781. The company has a market cap of $13.16 billion, a PE ratio of 43.24, a price-to-earnings-growth ratio of 7.59 and a beta of 1.19. The company’s fifty day simple moving average is $24.36 and its two-hundred day simple moving average is $33.90. Pinterest, Inc. has a 1-year low of $19.20 and a 1-year high of $81.77.

Pinterest (NYSE:PINS – Get Rating) last posted its quarterly earnings results on Thursday, February 3rd. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The business had revenue of $846.66 million for the quarter, compared to analyst estimates of $831.23 million. Pinterest had a net margin of 12.27% and a return on equity of 13.74%. During the same quarter last year, the business posted $0.30 EPS. Equities analysts anticipate that Pinterest, Inc. will post 0.2 earnings per share for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. Rosenblatt Securities assumed coverage on shares of Pinterest in a report on Tuesday, April 19th. They issued a “neutral” rating and a $21.00 target price on the stock. KeyCorp dropped their target price on shares of Pinterest from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, April 20th. Evercore ISI dropped their target price on shares of Pinterest from $56.00 to $50.00 and set an “inline” rating on the stock in a report on Friday, February 4th. Piper Sandler dropped their target price on shares of Pinterest from $53.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, February 4th. Finally, Wedbush dropped their target price on shares of Pinterest from $45.00 to $39.00 and set an “outperform” rating on the stock in a report on Friday, February 4th. Twenty equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $41.50.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pendal Group Ltd lifted its stake in Pinterest by 55.4% in the 1st quarter. Pendal Group Ltd now owns 8,673 shares of the company’s stock valued at $213,000 after purchasing an additional 3,091 shares during the last quarter. Truist Financial Corp lifted its stake in Pinterest by 1.6% in the 1st quarter. Truist Financial Corp now owns 118,803 shares of the company’s stock valued at $2,924,000 after purchasing an additional 1,819 shares during the last quarter. UMB Bank N A MO lifted its stake in Pinterest by 117.1% in the 1st quarter. UMB Bank N A MO now owns 3,415 shares of the company’s stock valued at $84,000 after purchasing an additional 1,842 shares during the last quarter. Zazove Associates LLC bought a new position in Pinterest in the 1st quarter valued at approximately $984,000. Finally, Empowered Funds LLC bought a new position in Pinterest in the 1st quarter valued at approximately $328,000.

About Pinterest (Get Rating)

Pinterest, Inc operates as a visual discovery engine in the United States and internationally. The company's engine allows people to find inspiration for their lives, including recipes, style and home inspiration, DIY, and others; and provides video, product, and idea pins. It shows visual machine learning recommendations based on pinners taste and interests.

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