Is Pinterest a Buy After a Billionaire Activist Pours $1 Billion Into the Stock? [Yahoo! Finance]
Pinterest, Inc. Class A (PINS)
Company Research
Source: Yahoo! Finance
Pinterest (NYSE: PINS) recently got a huge vote of confidence after activist investor Elliott Investment Management, led by billionaire investor Paul Singer, announced that it would add $1 billion to its stake in the company through a share repurchase plan. Elliott will purchase $1 billion in convertible senior notes, which Pinterest will then use the proceeds from to repurchase $1 billion worth of its shares through an accelerated share repurchase (ASR) agreement. Elliott's notes will be convertible into stock at $22.72 per share, which is a 30% premium to the stock's price before the announcement. The notes will also pay out 1.75% a year in interest and mature in 2031. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Image source: Getty Images. In addition to the ASR, Pinterest plans to buy back another $5
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PINS
News
- Pinterest: Elliott Deal Declares A 'Value Play' [Seeking Alpha]Seeking Alpha
- Elliott's US$1b Bet On Pinterest And The US$3.5b Buyback Question [Yahoo! Finance]Yahoo! Finance
- 3 Reasons to Buy Pinterest Stock Like There's No Tomorrow [Yahoo! Finance]Yahoo! Finance
- Pinterest, Inc. Investigated by the Portnoy Law FirmGlobeNewswire
- Pinterest, Inc. Investigated by the Portnoy Law FirmGlobeNewswire
PINS
Earnings
- 2/12/26 - Beat
PINS
Sec Filings
- 3/9/26 - Form 4
- 3/9/26 - Form 144
- 3/5/26 - Form 4
- PINS's page on the SEC website