Nextdoor (NYSE:KIND) Shares Up 3.6%

Nextdoor Holdings, Inc. (NYSE:KIND - Get Free Report) shares rose 3.6% during trading on Monday . The company traded as high as $2.29 and last traded at $2.29. Approximately 98,620 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 1,682,226 shares. The stock had previously closed at $2.21.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group boosted their target price on Nextdoor from $2.25 to $2.50 and gave the stock a "neutral" rating in a research report on Thursday, May 9th.

Nextdoor Price Performance

The business has a 50 day simple moving average of $2.24 and a 200 day simple moving average of $1.99. The stock has a market cap of $936.67 million, a PE ratio of -6.67 and a beta of 1.06.

Nextdoor (NYSE:KIND - Get Free Report) last issued its earnings results on Tuesday, May 7th. The company reported ($0.07) EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.02. Nextdoor had a negative return on equity of 23.84% and a negative net margin of 64.19%. The firm had revenue of $53.15 million for the quarter, compared to the consensus estimate of $50.90 million. As a group, sell-side analysts forecast that Nextdoor Holdings, Inc. will post -0.24 earnings per share for the current fiscal year.

Institutional Trading of Nextdoor

Several large investors have recently made changes to their positions in the stock. FourWorld Capital Management LLC bought a new stake in shares of Nextdoor during the 1st quarter worth about $496,000. Price T Rowe Associates Inc. MD lifted its position in shares of Nextdoor by 28.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,779 shares of the company's stock worth $99,000 after purchasing an additional 9,689 shares during the last quarter. Quadrature Capital Ltd lifted its position in shares of Nextdoor by 91.9% during the 1st quarter. Quadrature Capital Ltd now owns 107,354 shares of the company's stock worth $241,000 after purchasing an additional 51,425 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Nextdoor by 18.5% during the 1st quarter. Vanguard Group Inc. now owns 16,196,377 shares of the company's stock worth $36,442,000 after purchasing an additional 2,529,694 shares during the last quarter. Finally, Swiss National Bank lifted its position in shares of Nextdoor by 9.5% during the 1st quarter. Swiss National Bank now owns 305,600 shares of the company's stock worth $688,000 after purchasing an additional 26,400 shares during the last quarter. Institutional investors own 35.66% of the company's stock.

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.