New Pinterest CEO is a ‘terrific operator’: should you buy?

Shares of Pinterest Inc (NYSE: PINS) are in focus after CEO Ben Silbermann who also co-founded the social media service in 2010 announced resignation.

Former Pinterest head reacts to the news

The $13 billion company named Bill Ready its new CEO. He has most recently served at Google. Commending on the news, Kamran Ansari – former Head of Development and Strategy at Pinterest said:

Earlier this month, Pinterest bought “The Yes” to expand its footprint in online shopping. The stock is down more than 45% for the year.

Ansari: ‘Pinterest is pretty high margin’

In April, the California-based company reported its financial results for the first quarter that topped Wall Street estimates. On CNBC’s “TechCheck”, Ansari said he expects the financial outperformance to continue.

He’s convinced that Pinterest is very different from other social media companies like Twitter, Facebook, and Snap. Wall Street, on average, sees a more than 25% upside in the stock from here.