Pinterest (PINS)

• Market cap: $20.2B
• 1 day: -0.03%
• 5 days: -0.86%
• 1 month: -3.58%
• 3 months: -8.65%
• 6 months: -32.68%
• Year to date: -17.45%
• 1 year: -19.56%
• 5 years: 63.33%
• 10 years: 22.50%
• 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: 784 [Q2] → 721 (-63) [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]

43% less first-time investments, than exits

New positions opened: 84 | Existing positions closed: 147

Research analyst outlook

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

• Low target: $33 10% upside
• Avg. target: $39 31% upside
• High target: $48 61% upside

13 analyst ratings

• positive: 10 77%
• neutral: 3 23%
• negative: 0 0%

RBC Capital Brad Erickson 68% 1-year accuracy 43 / 63 met price target	61% upside $48	Outperform Reiterated	10 Dec 2024
Piper Sandler Thomas Champion 68% 1-year accuracy 32 / 47 met price target	20% upside $36	Neutral Downgraded	10 Dec 2024
TD Cowen John Blackledge 67% 1-year accuracy 12 / 18 met price target	27% upside $38	Buy Initiated	26 Nov 2024
Wedbush Scott Devitt 89% 1-year accuracy 47 / 53 met price target	27% upside $38	Outperform Upgraded	11 Nov 2024
Keybanc Justin Patterson 52% 1-year accuracy 36 / 69 met price target	30% upside $39	Overweight Maintained	11 Nov 2024