Nextdoor Holdings, Inc. (NYSE:KIND – Get Free Report)’s share price was up 3.7% during trading on Friday . The company traded as high as $2.53 and last traded at $2.53. Approximately 689,456 shares were traded during trading, a decline of 59% from the average daily volume of 1,681,112 shares. The stock had previously closed at $2.44.
Analyst Upgrades and Downgrades
Several research firms have weighed in on KIND. Morgan Stanley boosted their price objective on Nextdoor from $2.20 to $2.50 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. The Goldman Sachs Group boosted their price target on shares of Nextdoor from $2.25 to $2.50 and gave the stock a “neutral” rating in a report on Thursday, May 9th.
Check Out Our Latest Report on Nextdoor
Nextdoor Trading Up 2.5 %
Nextdoor (NYSE:KIND – Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. Nextdoor had a negative return on equity of 22.69% and a negative net margin of 65.63%. The company had revenue of $63.29 million during the quarter, compared to the consensus estimate of $58.80 million. On average, equities research analysts predict that Nextdoor Holdings, Inc. will post -0.23 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd purchased a new stake in shares of Nextdoor during the second quarter worth $28,000. Ground Swell Capital LLC bought a new stake in Nextdoor during the 2nd quarter worth approximately $30,000. Xponance Inc. bought a new position in Nextdoor in the 2nd quarter valued at $31,000. Westside Investment Management Inc. grew its position in shares of Nextdoor by 294.3% during the 1st quarter. Westside Investment Management Inc. now owns 15,408 shares of the company’s stock valued at $35,000 after purchasing an additional 11,500 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Nextdoor in the second quarter worth $49,000. 35.66% of the stock is owned by institutional investors.
About Nextdoor
Nextdoor Holdings, Inc operates a neighborhood network that connects neighbors, businesses, and public services in the United States and internationally. The company enables neighbors and organizations to get information, give and get help, and build connections. It also offers advertising solutions, designs to generate value for businesses for connection and sales expansion.
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