Shares of Nextdoor Holdings, Inc. (NYSE:KIND - Get Free Report) hit a new 52-week low on Saturday . The stock traded as low as $1.67 and last traded at $1.76, with a volume of 15946618 shares trading hands. The stock had previously closed at $2.49.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group decreased their price objective on shares of Nextdoor from $3.00 to $2.50 and set a "neutral" rating for the company in a research report on Monday. Craig Hallum assumed coverage on Nextdoor in a research note on Thursday, January 30th. They issued a "buy" rating and a $4.00 price objective for the company.
Check Out Our Latest Analysis on Nextdoor
Nextdoor Stock Performance
The firm has a 50 day simple moving average of $2.51 and a two-hundred day simple moving average of $2.48. The firm has a market capitalization of $638.18 million, a P/E ratio of -5.22 and a beta of 1.07.
Nextdoor (NYSE:KIND - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported ($0.03) EPS for the quarter, hitting analysts' consensus estimates of ($0.03). The business had revenue of $65.23 million for the quarter, compared to analyst estimates of $63.12 million. Nextdoor had a negative return on equity of 19.42% and a negative net margin of 53.23%. Sell-side analysts anticipate that Nextdoor Holdings, Inc. will post -0.22 earnings per share for the current year.
Institutional Investors Weigh In On Nextdoor
Institutional investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp bought a new stake in shares of Nextdoor in the fourth quarter valued at approximately $382,000. Public Employees Retirement System of Ohio purchased a new position in Nextdoor in the 4th quarter valued at approximately $193,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Nextdoor by 38.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 466,072 shares of the company's stock valued at $1,105,000 after acquiring an additional 128,511 shares during the period. Wexford Capital LP purchased a new stake in shares of Nextdoor during the fourth quarter worth $474,000. Finally, Squarepoint Ops LLC boosted its holdings in shares of Nextdoor by 1,153.9% in the fourth quarter. Squarepoint Ops LLC now owns 635,994 shares of the company's stock worth $1,507,000 after acquiring an additional 585,273 shares during the period. 35.66% of the stock is owned by hedge funds and other institutional investors.
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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