Nextdoor (NYSE:KIND) Coverage Initiated by Analysts at B. Riley

Equities research analysts at B. Riley initiated coverage on shares of Nextdoor (NYSE:KINDGet Free Report) in a research note issued on Wednesday, MarketBeat.com reports. The firm set a “neutral” rating and a $2.00 price target on the stock. B. Riley’s price objective suggests a potential upside of 26.98% from the stock’s current price.

Several other brokerages have also commented on KIND. Morgan Stanley lowered shares of Nextdoor from an “equal weight” rating to an “underweight” rating and set a $1.10 price target for the company. in a research report on Tuesday, May 13th. The Goldman Sachs Group dropped their price target on shares of Nextdoor from $2.50 to $1.75 and set a “neutral” rating for the company in a research report on Monday, April 14th.

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Nextdoor Price Performance

Shares of NYSE KIND opened at $1.58 on Wednesday. Nextdoor has a 12-month low of $1.32 and a 12-month high of $3.00. The company has a market capitalization of $602.58 million, a PE ratio of -6.56 and a beta of 1.16. The firm’s 50-day moving average is $1.51 and its two-hundred day moving average is $1.94.

Nextdoor (NYSE:KINDGet Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $54.18 million during the quarter, compared to analyst estimates of $53.14 million. Nextdoor had a negative net margin of 36.95% and a negative return on equity of 15.75%. On average, analysts forecast that Nextdoor will post -0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. AXQ Capital LP bought a new position in Nextdoor during the 4th quarter valued at $25,000. Tower Research Capital LLC TRC lifted its position in shares of Nextdoor by 77.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,372 shares of the company’s stock worth $25,000 after buying an additional 4,514 shares during the last quarter. SVB Wealth LLC bought a new position in shares of Nextdoor in the 4th quarter worth about $27,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Nextdoor in the 4th quarter worth about $27,000. Finally, US Bancorp DE bought a new position in shares of Nextdoor in the 4th quarter worth about $29,000. 35.66% of the stock is currently owned by institutional investors.

Nextdoor Company Profile

(Get Free Report)

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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