161,094 Shares in Nextdoor Holdings, Inc. (NYSE:KIND) Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp bought a new stake in Nextdoor Holdings, Inc. (NYSE:KIND - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 161,094 shares of the company's stock, valued at approximately $382,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Renaissance Technologies LLC increased its position in Nextdoor by 98.2% during the 4th quarter. Renaissance Technologies LLC now owns 3,967,200 shares of the company's stock worth $9,402,000 after purchasing an additional 1,965,300 shares in the last quarter. Millennium Management LLC grew its stake in shares of Nextdoor by 177.6% during the fourth quarter. Millennium Management LLC now owns 2,999,267 shares of the company's stock worth $7,108,000 after buying an additional 1,918,884 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Nextdoor by 115.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,696,339 shares of the company's stock worth $6,390,000 after buying an additional 1,444,343 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of Nextdoor by 193.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,082,482 shares of the company's stock valued at $4,935,000 after acquiring an additional 1,371,705 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Nextdoor by 6.3% in the 4th quarter. Vanguard Group Inc. now owns 17,609,806 shares of the company's stock valued at $41,735,000 after acquiring an additional 1,041,258 shares during the last quarter. Institutional investors own 35.66% of the company's stock.

Nextdoor Trading Up 0.6%

KIND stock traded up $0.01 during trading on Friday, reaching $1.62. 1,502,948 shares of the stock were exchanged, compared to its average volume of 1,792,529. The firm's 50 day moving average is $1.48 and its 200 day moving average is $2.02. The firm has a market cap of $619.79 million, a P/E ratio of -5.06 and a beta of 1.16. Nextdoor Holdings, Inc. has a twelve month low of $1.32 and a twelve month high of $3.00.

Nextdoor (NYSE:KIND - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. Nextdoor had a negative return on equity of 19.42% and a negative net margin of 53.23%. The firm had revenue of $54.18 million during the quarter, compared to the consensus estimate of $53.14 million. As a group, analysts predict that Nextdoor Holdings, Inc. will post -0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Morgan Stanley cut Nextdoor from an "equal weight" rating to an "underweight" rating and set a $1.10 price target on the stock. in a report on Tuesday, May 13th. The Goldman Sachs Group lowered their price objective on Nextdoor from $2.50 to $1.75 and set a "neutral" rating for the company in a research report on Monday, April 14th.

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.