Preheat your oven to 400 degrees F. Spray a rimmed baking sheet with cooking spray.
Place mushrooms on baking sheet and spread 1 tablespoon pesto in each mushroom cap. Top evenly with mozzarella, then tomatoes.
Bake for 13 to 15 minutes, or until cheese is melted and bubbly.
While pizzas are baking, prepare the balsamic reduction. Place balsamic vinegar in a small saucepan over medium-high heat. Bring to a boil and reduce heat to maintain a simmer. Simmer for approximately 8 to 10 minutes, or until desired consistency is met and reduced by about half.
Top pizzas with fresh basil and drizzle with balsamic reduction.