Pinterest (PINS) Stock Surge – What's Driving Investor Interest?

Pinterest stock is trading -16.41% below its average target price of $43.15 after marking a 3.1% during today's morning 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.

Pinterest's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 4.1%. The stock's short ratio is 1.81. The company's insiders own 0.84% 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 92.1%. In conclusion, we believe there is mixed market sentiment regarding Pinterest.

Institutions Invested in Pinterest

Date Reported Holder Percentage Shares Value
2023-12-31 Vanguard Group Inc 9% 56,348,952 $2,032,506,681
2023-12-31 Blackrock Inc. 6% 36,052,190 $1,300,402,482
2023-12-31 Elliott Investment Management L.p. 5% 28,000,000 $1,009,959,991
2023-12-31 Price (T.Rowe) Associates Inc 4% 23,710,984 $855,255,185
2023-12-31 Macquarie Group Limited 3% 20,415,782 $736,397,250
2023-12-31 Barclays Plc 3% 15,181,412 $547,593,526
2023-12-31 State Street Corporation 2% 12,254,197 $442,008,882
2023-12-31 Ameriprise Financial, Inc. 2% 11,867,342 $428,055,022
2023-12-31 Two Sigma Advisers, LP 2% 10,871,000 $392,116,966
2023-12-31 Franklin Resources, Inc. 2% 10,036,837 $362,028,707
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.