Pinterest (PINS)

• Market cap: $20.5B
• 1 day: -0.36%
• 5 days: -1.11%
• 1 month: -6.07%
• 3 months: -3.16%
• 6 months: -26.41%
• Year to date: -16.27%
• 1 year: -12.12%
• 5 years: 64.51%
• 10 years: 24.26%
• Sector: Information Technology
• Industry: Computer Programming, Data Processing, Etc.

About: Pinterest is a social media platform with a focus on product and idea discovery. Pinterest users, or pinners, can leverage the platform as they go about gathering ideas on topics such as home improvement, fashion, cooking, and travel. The company has more than 500 million monthly active users, two thirds of whom are female. Pinterest generates revenue by selling digital ads on its platform. While the platform's user base spans the globe, the vast majority of its revenue stems from ads shown to North American users.

Employees: 4,249

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

25% more call options, than puts

Call options by funds: $825M | Put options by funds: $661M

3% more repeat investments, than reductions

Existing positions increased: 273 | Existing positions reduced: 266

8% less funds holding

Funds holding: 785 [Q2] → 720 (-65) [Q3]

10.71% less ownership

Funds ownership: 93.64% [Q2] → 82.93% (-10.71%) [Q3]

13% less funds holding in top 10

Funds holding in top 10: 15 [Q2] → 13 (-2) [Q3]

34% less capital invested

Capital invested by funds: $24.7B [Q2] → $16.2B (-$8.51B) [Q3]

44% less first-time investments, than exits

New positions opened: 84 | Existing positions closed: 149

Research analyst outlook

20 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $33 9% upside
• Avg. target: $41 34% upside
• High target: $48 58% upside

20 analyst ratings

• positive: 17 85%
• neutral: 3 15%
• negative: 0 0%

TD Cowen John Blackledge 73% 1-year accuracy 11 / 15 met price target	25% upside $38	Buy Initiated	26 Nov 2024
Wedbush Scott Devitt 86% 1-year accuracy 30 / 35 met price target	25% upside $38	Outperform Upgraded	11 Nov 2024
Keybanc Justin Patterson 57% 1-year accuracy 31 / 54 met price target	29% upside $39	Overweight Maintained	11 Nov 2024
Rosenblatt Barton Crockett 74% 1-year accuracy 40 / 54 met price target	52% upside $46	Buy Maintained	8 Nov 2024
Raymond James Aaron Kessler 50% 1-year accuracy 3 / 6 met price target	12% upside $34	Outperform Maintained	8 Nov 2024