Nextdoor (NYSE:KIND) Now Covered by Analysts at Craig Hallum

Craig Hallum assumed coverage on shares of Nextdoor (NYSE:KIND) in a research report issued on Thursday, Marketbeat.com reports. The firm set a “buy” rating and a $4.00 price target on the stock. Craig Hallum’s price target would suggest a potential upside of 52.73% from the company’s current price.

Separately, The Goldman Sachs Group increased their price objective on shares of Nextdoor from $2.50 to $3.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th.

Nextdoor Trading Down 1.2 %

Shares of KIND stock opened at $2.62 on Thursday. Nextdoor has a fifty-two week low of $1.52 and a fifty-two week high of $2.99. The stock has a 50 day simple moving average of $2.46 and a two-hundred day simple moving average of $2.50.

Nextdoor (NYSE:KIND) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. The company had revenue of $65.61 million during the quarter, compared to analyst estimates of $62.10 million. Nextdoor had a negative net margin of 53.23% and a negative return on equity of 19.42%. During the same quarter in the previous year, the business posted ($0.10) EPS. On average, analysts forecast that Nextdoor will post -0.22 earnings per share for the current year.

Insiders Place Their Bets

In other news, General Counsel Sophia Schwartz sold 16,834 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $2.45, for a total value of $41,243.30. Following the completion of the sale, the general counsel now directly owns 215,536 shares of the company’s stock, valued at $528,063.20. This represents a 7.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 20,222 shares of company stock worth $49,679. Insiders own 46.04% of the company’s stock.

Institutional Investors Weigh In On Nextdoor

A number of institutional investors and hedge funds have recently bought and sold shares of KIND. XTX Topco Ltd purchased a new position in Nextdoor during the 2nd quarter worth $28,000. Creative Planning purchased a new position in Nextdoor during the third quarter worth about $28,000. Xponance Inc. bought a new stake in Nextdoor in the 2nd quarter worth about $31,000. R Squared Ltd purchased a new stake in Nextdoor in the 4th quarter valued at about $45,000. Finally, Savvy Advisors Inc. bought a new position in shares of Nextdoor during the 3rd quarter worth approximately $61,000. 35.66% of the stock is owned by hedge funds and other institutional investors.

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.