To The Moon

$Pinterest, Inc.(PINS)$ Pinterest, Inc. (NYSE:PINS) Number of Hedge Fund Holders: 56 YTD Share Price Decline as of May 27: 44.29% Pinterest, Inc. (NYSE:PINS) is a California-based visual discovery engine that enables users to find lifestyle, fashion, and home inspiration through video, product, and idea pins. As of May 27, Pinterest, Inc. (NYSE:PINS) stock has declined over 44%, making it one of the top buy-the-dip growth plays, considering it is a significant medium for marketers, bloggers, and influencers to connect with their audience. On April 27, Pinterest, Inc. (NYSE:PINS) reported its Q1 results, posting earnings per share of $0.10, beating market estimates by $0.07. The revenue grew 18.48% year-over-year to $574.89 million, outperforming Street forecasts by $2.24 million. MKM Partners analyst Rohit Kulkarni on April 28 reiterated a Buy recommendation on Pinterest, Inc. (NYSE:PINS) but lowered the price target on the shares to $28 from $38. The company posted a "surprising" upside to Q1 revenue and EBITDA forecasts, but its Q2 guidance indicates declines on summer seasonality and tougher yearly comps, the analyst told investors in a research note. The analyst added that he thought Pinterest, Inc. (NYSE:PINS) would conquer its negative user trends, but despite the mixed performance in a post-pandemic environment, he remains positive on the stock due to its "reasonable" valuation and his belief that the company is an "attractive acquisition candidate".