Pinterest stock is trading -13.32% below its average target price of $31.9 after dropping -3.9% during today's evening session. Analysts are giving the large-cap Software company an average rating of buy and target prices ranging from $24.0 to $45.0 per share.
The stock has an average amount of shares sold short at 4.0%, and a short ratio of 2.08. The company's insiders own 0.99% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 93.3% of Pinterest's shares being owned by this investor type.
Institutions Invested in Pinterest
|2023-06-30||Vanguard Group Inc||10%||55,897,481||$1,545,565,328|
|2023-06-30||Price (T.Rowe) Associates Inc||6%||32,959,432||$911,328,282|
|2023-06-30||Elliott Investment Management L.p.||5%||28,000,000||$774,199,989|
|2023-06-30||Macquarie Group Limited||4%||20,764,399||$574,135,624|
|2023-06-30||State Street Corporation||2%||11,830,478||$327,112,712|
|2023-06-30||Harris Associates L.P.||2%||11,344,771||$313,682,913|
|2023-06-30||Baillie Gifford and Company||1%||8,466,549||$234,100,076|
|2023-06-30||Geode Capital Management, LLC||1%||8,143,222||$225,160,085|
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Pinterest.