Pinterest (PINS) Sees Investor Exodus – What's Behind It

Pinterest stock is trading -20.07% below its average target price of $43.15 after dropping -3.4% during today's afternoon session. Analysts are giving the Large-Cap Software company an average rating of buy and target prices ranging from $30.0 to $50.0 per share.

The stock has an average amount of shares sold short at 4.9%, and a short ratio of 2.11. The company's insiders own 0.86% 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 92.1% of Pinterest's shares being owned by this investor type.

Institutions Invested in Pinterest

Date Reported Holder Percentage Shares Value
2023-12-31 Vanguard Group Inc 9% 56,348,952 $1,943,475,449
2023-12-31 Blackrock Inc. 6% 36,052,190 $1,243,440,093
2023-12-31 Elliott Investment Management L.p. 5% 28,000,000 $965,720,046
2023-12-31 Price (T.Rowe) Associates Inc 4% 23,710,984 $817,791,877
2023-12-31 Macquarie Group Limited 3% 20,415,782 $704,140,355
2023-12-31 Barclays Plc 3% 15,181,412 $523,606,925
2023-12-31 State Street Corporation 2% 12,254,197 $422,647,275
2023-12-31 Ameriprise Financial, Inc. 2% 11,867,342 $409,304,645
2023-12-31 Two Sigma Advisers, LP 2% 10,871,000 $374,940,808
2023-12-31 Franklin Resources, Inc. 2% 10,036,837 $346,170,524
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.