B. Riley Begins Coverage on Nextdoor (NYSE:KIND)

Analysts at B. Riley began coverage on shares of Nextdoor (NYSE:KIND - Get Free Report) in a research report issued on Wednesday, MarketBeat.com reports. The firm set a "neutral" rating and a $2.00 price target on the stock. B. Riley's price objective suggests a potential upside of 25.39% from the stock's current price. B. Riley also issued estimates for Nextdoor's Q2 2025 earnings at ($0.07) EPS, Q3 2025 earnings at ($0.05) EPS, Q4 2025 earnings at ($0.04) EPS, FY2025 earnings at ($0.21) EPS, Q1 2026 earnings at ($0.05) EPS, Q2 2026 earnings at ($0.05) EPS, Q3 2026 earnings at ($0.03) EPS, Q4 2026 earnings at ($0.02) EPS, FY2026 earnings at ($0.15) EPS, FY2027 earnings at ($0.11) EPS, FY2028 earnings at ($0.07) EPS and FY2029 earnings at ($0.04) EPS.

KIND has been the topic of a number of other research reports. The Goldman Sachs Group reduced their price objective on Nextdoor from $2.50 to $1.75 and set a "neutral" rating on the stock in a research note on Monday, April 14th. 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 research note on Tuesday, May 13th.

Nextdoor Trading Up 0.9%

Shares of KIND traded up $0.02 during midday trading on Wednesday, reaching $1.60. 6,632,291 shares of the company were exchanged, compared to its average volume of 1,816,545. The stock has a 50-day moving average price of $1.52 and a 200-day moving average price of $1.93. The company has a market cap of $610.23 million, a price-to-earnings ratio of -6.65 and a beta of 1.16. Nextdoor has a 1-year low of $1.32 and a 1-year high of $3.00.

Nextdoor (NYSE:KIND - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.01. The company had revenue of $54.18 million for the quarter, compared to analysts' expectations of $53.14 million. Nextdoor had a negative return on equity of 15.75% and a negative net margin of 36.95%. Equities research analysts anticipate that Nextdoor will post -0.22 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Northern Trust Corp lifted its stake in shares of Nextdoor by 12.9% in the fourth quarter. Northern Trust Corp now owns 1,638,341 shares of the company's stock worth $3,883,000 after acquiring an additional 186,602 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Nextdoor by 16.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,633,369 shares of the company's stock worth $3,871,000 after acquiring an additional 227,208 shares in the last quarter. Two Sigma Investments LP lifted its stake in shares of Nextdoor by 88.7% in the fourth quarter. Two Sigma Investments LP now owns 1,139,984 shares of the company's stock worth $2,702,000 after acquiring an additional 535,845 shares in the last quarter. Wexford Capital LP acquired a new stake in Nextdoor during the fourth quarter valued at approximately $474,000. Finally, JPMorgan Chase & Co. raised its stake in Nextdoor by 72.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,252,571 shares of the company's stock valued at $2,969,000 after buying an additional 527,226 shares in the last quarter. Institutional investors and hedge funds own 35.66% of the company's stock.

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.