Feb. 5 at 10:08 PM
$PINS
Answer
Pinterest (PINS) is down hard into earnings mainly due to: (1) a late-January restructuring/layoff announcement, (2) multiple near-term analyst downgrades/price-target cuts, and (3) a broader February selloff in tech/growth stocks that’s pressuring ad-dependent names ahead of guidance risk. 
Supporting facts
• Price vs IPO: Pinterest’s IPO price was
$19.00/share.  Current price is about
$19.32 (Feb 5, 2026), i.e., effectively back at IPO level.
• Restructuring overhang: On Jan 27, 2026, Pinterest disclosed it would cut nearly/under 15% of its workforce and close some offices, with restructuring charges and completion by Q3 2026. That kind of announcement often triggers “something’s wrong with growth/guidance” selling into earnings. 
• Analyst downgrades / target cuts: Example: HSBC downgraded to
• Earnings event risk: Next report is scheduled Feb 12, 2026 (after close), and options markets are pricing a large post-earnings move (one estimate around ±14%).