XTX Topco Ltd Acquires New Position in Nextdoor Holdings, Inc. (NYSE:KIND)

XTX Topco Ltd acquired a new stake in Nextdoor Holdings, Inc. (NYSE:KIND) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,026 shares of the company’s stock, valued at approximately $28,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Ground Swell Capital LLC acquired a new position in Nextdoor during the second quarter worth about $30,000. Westside Investment Management Inc. raised its position in Nextdoor by 294.3% during the first quarter. Westside Investment Management Inc. now owns 15,408 shares of the company’s stock worth $35,000 after acquiring an additional 11,500 shares during the last quarter. nVerses Capital LLC acquired a new position in Nextdoor during the second quarter worth about $49,000. Versor Investments LP acquired a new position in Nextdoor during the second quarter worth about $75,000. Finally, Sivia Capital Partners LLC acquired a new position in Nextdoor during the fourth quarter worth about $77,000. Institutional investors and hedge funds own 35.66% of the company’s stock.

Analysts Set New Price Targets

Separately, Morgan Stanley lifted their price target on shares of Nextdoor from $2.20 to $2.50 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd.

Nextdoor Price Performance

Shares of NYSE KIND opened at $2.43 on Thursday. The company has a market cap of $948.39 million, a PE ratio of -6.75 and a beta of 1.08. Nextdoor Holdings, Inc. has a 12 month low of $1.32 and a 12 month high of $2.99. The company has a 50-day simple moving average of $2.51 and a 200-day simple moving average of $2.42.

Nextdoor (NYSE:KIND) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $63.29 million during the quarter, compared to the consensus estimate of $58.80 million. Nextdoor had a negative net margin of 65.63% and a negative return on equity of 22.69%. On average, analysts anticipate that Nextdoor Holdings, Inc. will post -0.23 EPS for the current year.

Nextdoor Profile

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.