5 Stocks to Watch on Thursday

4. Pinterest, Inc. (NYSE:PINS) is up 3.35% as of 12:16 PM ET after the San Francisco, California-based image sharing and social media company reported mixed results for Q1 2022. Pinterest, Inc. (NYSE:PINS) was able to outperform the revenue forecasts but missed earnings estimates for the quarter. Following the quarterly results, Thomas Champion at Piper Sandler maintained an Overweight rating on Pinterest, Inc. (NYSE:PINS). The analyst termed this as a constructive quarter for Pinterest, Inc. (NYSE:PINS) and considers the company one quarter away from a turn in user trajectory.

According to Insider Monkey’s proprietary data, Pinterest, Inc. (NYSE:PINS) was held by 57 hedge funds as of Q4 2021.