Altshuler Shaham Ltd Purchases New Holdings in Nextdoor Holdings, Inc. $NXDR

Altshuler Shaham Ltd purchased a new stake in Nextdoor Holdings, Inc. (NYSE:NXDR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 709,841 shares of the company’s stock, valued at approximately $1,491,000. Altshuler Shaham Ltd owned approximately 0.18% of Nextdoor at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of NXDR. Farther Finance Advisors LLC acquired a new stake in shares of Nextdoor in the fourth quarter valued at approximately $25,000. Geneos Wealth Management Inc. acquired a new stake in shares of Nextdoor in the fourth quarter valued at approximately $26,000. Commonwealth Equity Services LLC acquired a new stake in shares of Nextdoor in the fourth quarter valued at approximately $27,000. Cibc World Markets Corp acquired a new stake in shares of Nextdoor in the fourth quarter valued at approximately $30,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Nextdoor in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 35.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on NXDR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nextdoor in a report on Tuesday, April 14th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $2.25 target price on shares of Nextdoor in a report on Thursday, May 7th. Citigroup lowered their target price on shares of Nextdoor from $2.20 to $2.10 and set a “neutral” rating for the company in a report on Friday, February 20th. Wall Street Zen raised shares of Nextdoor from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, B. Riley Financial reaffirmed a “neutral” rating on shares of Nextdoor in a report on Thursday, February 19th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Nextdoor has a consensus rating of “Reduce” and an average target price of $2.18.

Nextdoor Price Performance

Shares of NXDR opened at $2.17 on Thursday. The company has a 50 day simple moving average of $1.85. Nextdoor Holdings, Inc. has a 52-week low of $1.33 and a 52-week high of $3.72. The firm has a market cap of $825.71 million, a price-to-earnings ratio of -19.68 and a beta of 1.38.

Nextdoor (NYSE:NXDR) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. The business had revenue of $61.67 million during the quarter. Nextdoor had a negative return on equity of 9.22% and a negative net margin of 16.47%. As a group, research analysts anticipate that Nextdoor Holdings, Inc. will post -0.09 EPS for the current fiscal year.

About Nextdoor

Nextdoor Holdings, Inc (NYSE: NXDR) operates Nextdoor, a private social network designed to connect neighbors and local communities. Founded by Nirav Tolia, Sarah Leary, Prakash Janakiraman and David Wiesen, the company is headquartered in San Francisco and provides an app and web platform where residents can share news, recommendations, safety information, items for sale, and local event notices. The platform is built around verified neighborhood groups and identity-confirmation processes intended to foster trust and relevant local conversations.

Nextdoor’s core products center on the consumer-facing Nextdoor app and web experience, supplemented by tools and services for local businesses, public agencies, and advertisers.