Understanding PINS's Price Drop Today

This afternoon we watched Pinterest drop -1.2% to a price of $29.52 per share. The large-cap Software company is now trading -10.1% below its average target price of $32.83. Analysts have set target prices ranging from $24.0 to $45.0 per share for Pinterest, and have given the stock an average rating of buy.

Pinterest's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 4.8%. The stock's short ratio is 2.5. The company's insiders own 0.99% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Another number to watch is the company's rate of institutional share ownership, which now stands at 93.3%. In conclusion, we believe there is mixed market sentiment regarding Pinterest.

Institutions Invested in Pinterest

Date Reported Holder Percentage Shares Value
2023-06-30 Vanguard Group Inc 10% 55,897,481 $1,649,814,117
2023-06-30 Blackrock Inc. 6% 34,476,228 $1,017,565,848
2023-06-30 Price (T.Rowe) Associates Inc 6% 32,959,432 $972,797,615
2023-06-30 Elliott Investment Management L.p. 5% 28,000,000 $826,419,982
2023-06-30 Macquarie Group Limited 4% 20,764,399 $612,861,223
2023-06-30 Barclays Plc 3% 17,255,561 $509,297,872
2023-06-30 State Street Corporation 2% 11,830,478 $349,176,550
2023-06-30 Harris Associates L.P. 2% 11,344,771 $334,840,909
2023-06-30 Baillie Gifford and Company 1% 8,466,549 $249,890,188
2023-06-30 Geode Capital Management, LLC 1% 8,143,222 $240,347,192
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.