Nextdoor (NYSE:KIND - Free Report) had its price target boosted by The Goldman Sachs Group from $2.25 to $2.50 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a neutral rating on the stock.
Nextdoor Trading Down 4.1 %
KIND traded down $0.10 on Thursday, hitting $2.36. The company had a trading volume of 2,317,160 shares, compared to its average volume of 1,623,934. The firm has a market cap of $928.97 million, a P/E ratio of -6.21 and a beta of 0.99. The company's fifty day moving average price is $2.14 and its 200 day moving average price is $1.87. Nextdoor has a 1 year low of $1.32 and a 1 year high of $3.41.
Nextdoor (NYSE:KIND - Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.03. Nextdoor had a negative return on equity of 24.22% and a negative net margin of 67.69%. The firm had revenue of $55.56 million for the quarter, compared to the consensus estimate of $50.94 million. On average, analysts predict that Nextdoor will post -0.27 earnings per share for the current year.
Hedge Funds Weigh In On Nextdoor
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. raised its holdings in Nextdoor by 23.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 32,324 shares of the company's stock worth $61,000 after purchasing an additional 6,034 shares in the last quarter. Arizona State Retirement System grew its position in shares of Nextdoor by 24.9% in the 4th quarter. Arizona State Retirement System now owns 39,612 shares of the company's stock valued at $75,000 after buying an additional 7,896 shares during the last quarter. Westside Investment Management Inc. raised its stake in Nextdoor by 294.3% during the 1st 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 in the last quarter. Jump Financial LLC purchased a new stake in Nextdoor in the third quarter valued at $25,000. Finally, IAM Advisory LLC acquired a new position in Nextdoor in the fourth quarter valued at $32,000. 35.66% of the stock is owned by institutional investors and hedge funds.
About Nextdoor
(
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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.
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