Advertising Pullbacks Pressured Pinterest (PINS) in Q1

Soumya Eswaran

Wed, July 1, 2026 astatine 7:35 AM CDT 3 min read

TimesSquare Capital Management, an equity concern absorption company, released its "U.S. Mid Cap Growth Strategy" first-quarter 2026 capitalist letter. A transcript of the missive tin beryllium downloaded here. The Strategy outperformed the Russell Midcap Growth Index during the quarter, returning 0.72% (net) vs. -6.35% for the index. In the archetypal quarter, markets navigated geopolitical tensions and economical resilience alongside impermanent planetary tariffs. High lipid prices and proviso concatenation disruptions followed U.S. and Israeli engagement successful Iran, prompting a displacement to safer assets and a reevaluation of proviso chains and vigor dependencies. Central banks maintained dependable policies contempt energy-driven inflation. In this environment, the Strategy remains focused connected disciplined absorption teams with durable competitory advantages. Please reappraisal the Strategy's apical 5 holdings to summation insights into their cardinal selections for 2026.

In its first-quarter 2026 capitalist letter, TimesSquare Capital U.S. Mid Cap Growth Strategy highlighted Pinterest, Inc. (NYSE:PINS). Pinterest, Inc. (NYSE:PINS) is simply a societal media and ocular find level that enables users to find ideas, specified arsenic recipes, home, and benignant inspiration. On June 30, 2026, Pinterest, Inc. (NYSE:PINS) closed astatine $21.03 per share. One-month instrumentality of Pinterest, Inc. (NYSE:PINS) was 1.74%, and its shares mislaid 41.16% implicit the past 52 weeks. Pinterest, Inc. (NYSE:PINS) has a marketplace capitalization of $11.78 billion.

TimesSquare Capital U.S. Mid Cap Growth Strategy stated the pursuing regarding Pinterest, Inc. (NYSE:PINS) successful its Q1 2026 capitalist letter:

"For the Communication Services sector, we similar to put successful media and services companies that are either good placed from an advertizing position for their people assemblage oregon that supply differentiated services. Pinterest, Inc. (NYSE:PINS) is an image-based societal media platform. We exited our presumption pursuing slower-than-expected fourth-quarter results and cautious guidance, attributed to advertizing pullbacks by retailers impacted by tariffs. Its shares were down -44% portion held successful the quarter. The operation of softer-than-expected results on with lackluster guardant guidance led america to liquidate the position."

Pinterest, Inc. (NYSE:PINS) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 49 hedge money portfolios held Pinterest, Inc. (NYSE:PINS) astatine the extremity of the archetypal quarter, compared to 53 successful the erstwhile quarter. In Q1 2026, Pinterest, Inc. (NYSE:PINS) delivered $1 cardinal successful revenue, up 18% twelvemonth implicit year. While we admit the imaginable of Pinterest, Inc. (NYSE:PINS) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.