3 Reasons to Consider This Beaten-Down Growth Stock

Pinterest (NYSE: PINS) is having a challenging year in 2021. The company benefited at the pandemic's onset when millions of people largely stayed home for weeks or months on end. With few options for what they could do with their time, many people flocked to the image-based social media app for inspiration and lifestyle ideas.

That trend is reversing this year. Billions of people have gotten at least one dose of a vaccine against COVID-19, and economies are reopening. Spending time outside and away from their various screens, engagement on the social media platform is falling. As a result, Pinterest stock is down 20% year to date and 29% in the last three months.

Image source: Getty Images.

Source Fool.com