PinterestPINS
Market Cap: $20.1B
About: Pinterest is an online product and idea discovery platform that helps users gather ideas on everything from cooking recipes to travel destinations. Founded in 2010, the platform consists of a largely female audience, which accounts for roughly two thirds of its nearly 500 million monthly active users. The company generates revenue by selling digital ads and is now rolling out more in-platform e-commerce features. About 20% of users reside in the US and Canada, but the region accounted for about 80% of revenue in 2023.
Employees: 4,249
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
48% more first-time investments, than exits
New positions opened: 126 | Existing positions closed: 85
33% more capital invested
Capital invested by funds: $18.3B [Q1] → $24.3B (+$6B) [Q2]
10% more repeat investments, than reductions
Existing positions increased: 291 | Existing positions reduced: 264
6% more funds holding
Funds holding: 738 [Q1] → 779 (+41) [Q2]
3.27% more ownership
Funds ownership: 88.86% [Q1] → 92.13% (+3.27%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 15 [Q1] → 15 (+0) [Q2]
8% less call options, than puts
Call options by funds: $797M | Put options by funds: $867M
Research analyst outlook
23 Wall Street Analysts provided 1 year price targets over the past 3 months
23 analyst ratings
Cantor Fitzgerald Deepak Mathivanan 53% 1-year accuracy 9 / 17 met price target | 40%upside $41 | Overweight Initiated | 5 Sept 2024 |
Citigroup Ronald Josey 60% 1-year accuracy 24 / 40 met price target | 50%upside $44 | Buy Maintained | 31 Jul 2024 |
Barclays Ross Sandler 59% 1-year accuracy 19 / 32 met price target | 23%upside $36 | Equal-Weight Maintained | 31 Jul 2024 |
Raymond James Aaron Kessler 82% 1-year accuracy 9 / 11 met price target | 37%upside $40 | Outperform Maintained | 31 Jul 2024 |
Keybanc Justin Patterson 68% 1-year accuracy 48 / 71 met price target | 47%upside $43 | Overweight Maintained | 31 Jul 2024 |
Financial journalist opinion
Based on 15 articles about PINS published over the past 30 days