After this evening's 3.2% surge to $44.11 per share, Pinterest might just keep moving past its target price of $45.92. With an average analyst rating of buy, and target prices from $34.0 to $52.0, the stock's next move is anyone's guess.
Pinterest's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 4.3%. The stock's short ratio is 2.18. The company's insiders own 0.59% 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 91.6%. In conclusion, we believe there is mixed market sentiment regarding Pinterest.
Institutions Invested in Pinterest
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 10% | 57,343,800 | $2,529,435,052 |
| 2024-03-31 | Blackrock Inc. | 8% | 49,239,486 | $2,171,953,757 |
| 2024-03-31 | Elliott Investment Management L.p. | 5% | 28,000,000 | $1,235,080,017 |
| 2024-03-31 | Price (T.Rowe) Associates Inc | 3% | 19,663,225 | $867,344,866 |
| 2024-03-31 | Macquarie Group Limited | 3% | 16,963,946 | $748,279,668 |
| 2024-03-31 | Barclays Plc | 3% | 15,135,470 | $667,625,590 |
| 2024-03-31 | Ameriprise Financial, Inc. | 2% | 13,386,979 | $590,499,651 |
| 2024-03-31 | Wellington Management Group, LLP | 2% | 13,341,937 | $588,512,849 |
| 2024-03-31 | State Street Corporation | 2% | 12,384,592 | $546,284,360 |
| 2024-03-31 | Franklin Resources, Inc. | 2% | 10,845,585 | $478,398,760 |
