Nextdoor (KIND) Expected to Announce Earnings on Wednesday

Nextdoor (NYSE:KIND - Get Free Report) is expected to be posting its Q1 2025 quarterly earnings results after the market closes on Wednesday, May 7th. Analysts expect the company to announce earnings of ($0.07) per share and revenue of $53.14 million for the quarter. Nextdoor has set its Q1 2025 guidance at EPS.

Nextdoor (NYSE:KIND - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). The company had revenue of $65.23 million for the quarter, compared to analysts' expectations of $63.12 million. Nextdoor had a negative net margin of 53.23% and a negative return on equity of 19.42%. On average, analysts expect Nextdoor to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Nextdoor Trading Down 1.6 %

Shares of NYSE:KIND traded down $0.03 during midday trading on Friday, hitting $1.50. The stock had a trading volume of 2,055,017 shares, compared to its average volume of 1,812,166. The company has a market capitalization of $577.52 million, a PE ratio of -4.67 and a beta of 1.16. Nextdoor has a 1 year low of $1.35 and a 1 year high of $3.00. The stock has a 50 day moving average price of $1.61 and a two-hundred day moving average price of $2.20.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on KIND shares. The Goldman Sachs Group dropped their price objective on Nextdoor from $2.50 to $1.75 and set a "neutral" rating on the stock in a report on Monday, April 14th. Craig Hallum initiated coverage on shares of Nextdoor in a report on Thursday, January 30th. They issued a "buy" rating and a $4.00 price target for the company.

Insider Buying and Selling

In other news, General Counsel Sophia Schwartz sold 15,000 shares of Nextdoor stock in a transaction on Friday, March 7th. The stock was sold at an average price of $1.72, for a total transaction of $25,800.00. Following the completion of the transaction, the general counsel now owns 267,445 shares of the company's stock, valued at $460,005.40. The trade was a 5.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 46.04% of the stock is currently owned by insiders.

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.