Sei Investments Co. Makes New $174,000 Investment in Nextdoor Holdings, Inc. (NYSE:KIND)

Sei Investments Co. bought a new stake in shares of Nextdoor Holdings, Inc. (NYSE:KIND) in the second quarter, Holdings Channel reports. The fund bought 62,573 shares of the company’s stock, valued at approximately $174,000.

Several other institutional investors and hedge funds also recently bought and sold shares of KIND. XTX Topco Ltd bought a new stake in shares of Nextdoor during the 2nd quarter valued at about $28,000. Ground Swell Capital LLC bought a new position in shares of Nextdoor in the second quarter worth approximately $30,000. Westside Investment Management Inc. boosted its position in shares of 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 bought a new position in shares of Nextdoor during the second quarter worth $49,000. Finally, Versor Investments LP purchased a new stake in Nextdoor during the second quarter valued at $75,000. 35.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley increased their target price 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 Trading Up 3.7 %

Shares of KIND opened at $2.51 on Friday. The firm has a 50-day moving average price of $2.45 and a 200 day moving average price of $2.44. Nextdoor Holdings, Inc. has a 12-month low of $1.32 and a 12-month high of $2.99. The firm has a market capitalization of $953.57 million, a P/E ratio of -6.61 and a beta of 1.08.

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

Nextdoor Company 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.