5 Best Affordable Stocks Under $30

2. Pinterest, Inc. (NYSE:PINS)

Number of Hedge Fund Holders: 62

Share Price as of August 18: $26.21 

Pinterest, Inc. (NYSE:PINS) is a household name for providing a platform for visual discovery. The company operates a search engine that lets users to seek and share ideas, such as home decor, recipes, and product designing. On August 1, Pinterest, Inc. (NYSE:PINS) announced a Q2 revenue of $708.2 million and a GAAP loss per share of $0.05, beating Street estimates by $12.53 million and $0.05, respectively. 

According to Insider Monkey’s second quarter database, a total of 62 hedge funds were bullish on Pinterest, Inc. (NYSE:PINS). In comparison, 66 hedge funds were long Pinterest, Inc. (NYSE:PINS) during the last quarter. Paul Singer’s Elliott Management is the largest investor in the company, with 28 million shares worth $765.5 million.

TimesSquare U.S. Mid Cap Growth Strategy said this about Pinterest, Inc. (NYSE:PINS) in its Q4 2022 investor letter:

“Slightly countering that decline was the 4% gain for Pinterest, Inc. (NYSE:PINS), an image-based social media company. The company posted better-than-expected third quarter results and forward guidance was in line with Street estimates. Pinterest expects significant margin improvement after a relatively heavy investment cycle.”