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
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 10% | 55,897,481 | $1,545,565,328 |
| 2023-06-30 | Blackrock Inc. | 6% | 34,476,228 | $953,267,691 |
| 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 | Barclays Plc | 3% | 17,255,561 | $477,116,255 |
| 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.
