Antoinette How Sells 35,581 Shares of Nextdoor (NYSE:NXDR) Stock

Nextdoor Holdings, Inc. (NYSE:NXDR) CAO Antoinette How sold 35,581 shares of Nextdoor stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $2.25, for a total value of $80,057.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nextdoor Stock Down 0.4%

Shares of NYSE NXDR opened at $2.24 on Friday. Nextdoor Holdings, Inc. has a fifty-two week low of $1.33 and a fifty-two week high of $3.72. The business has a 50 day moving average price of $2.37 and a two-hundred day moving average price of $1.97. The firm has a market cap of $854.31 million, a PE ratio of -28.00 and a beta of 1.37.

Nextdoor (NYSE:NXDR) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $74.55 million during the quarter, compared to the consensus estimate of $72.10 million. Nextdoor had a negative net margin of 11.08% and a negative return on equity of 6.16%. On average, analysts anticipate that Nextdoor Holdings, Inc. will post -0.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. B. Riley Financial upgraded Nextdoor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $2.00 to $3.30 in a research report on Thursday, August 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Nextdoor in a research report on Friday, July 10th. Citigroup raised their price objective on Nextdoor from $2.30 to $2.85 and gave the stock a “neutral” rating in a research note on Monday, August 17th. Finally, Wall Street Zen upgraded shares of Nextdoor from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $2.80.

Hedge Funds Weigh In On Nextdoor

Several institutional investors have recently made changes to their positions in NXDR. Farther Finance Advisors LLC bought a new stake in shares of Nextdoor in the 4th quarter worth approximately $25,000. Commonwealth Equity Services LLC bought a new position in Nextdoor during the 4th quarter worth $27,000. Mackenzie Financial Corp bought a new position in Nextdoor during the 4th quarter worth $29,000. Cibc World Markets Corp acquired a new stake in Nextdoor in the fourth quarter worth $30,000. Finally, HighTower Advisors LLC acquired a new stake in Nextdoor in the fourth quarter worth $33,000. 35.66% of the stock is owned by institutional investors.

Nextdoor Company Profile

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.