To the Moon? What is going on with PINS?

By Harris Dyer • Tuesday, December 12 17:04 • Permanent Link

After this evening's 2.2% surge to $36.13 per share, Pinterest might just keep moving past its target price of $35.93. With an average analyst rating of buy, and target prices from $25.0 to $46.0, the stock's next move is anyone's guess.

Pinterest has an average level of shares sold short, at 6.0% of its total share float. The stock's short ratio (also called days to cover) is 2.52. The company's insiders own 1.01% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Institutional investors own 89.0% of Pinterest's shares, which indicates they have a high level of confidence in the company.

Institutions Invested in Pinterest

Date Reported	Holder	Percentage	Shares	Value
2023-09-30	Vanguard Group Inc	9%	54,909,357	$1,983,875,127
2023-09-30	Blackrock Inc.	6%	34,413,329	$1,243,353,613
2023-09-30	Price (T.Rowe) Associates Inc	5%	28,855,461	$1,042,547,836
2023-09-30	Elliott Investment Management L.p.	5%	28,000,000	$1,011,640,029
2023-09-30	Macquarie Group Limited	4%	21,246,643	$767,641,234
2023-09-30	Barclays Plc	3%	15,565,141	$562,368,560
2023-09-30	State Street Corporation	2%	11,935,257	$431,220,848
2023-09-30	Ameriprise Financial, Inc.	2%	11,122,436	$401,853,624
2023-09-30	Marshall Wace LLP	2%	8,944,129	$323,151,390
2023-09-30	Capital World Investors	2%	8,822,860	$318,769,941

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.