Nextdoor Holdings, Inc. (NYSE:KIND – Get Rating)’s stock price rose 6.3% during trading on Wednesday . The company traded as high as 3.27 and last traded at 3.23. Approximately 101,550 shares changed hands during trading, a decline of 96% from the average daily volume of 2,349,358 shares. The stock had previously closed at 3.04.
Analysts Set New Price Targets
KIND has been the topic of a number of recent research reports. Citigroup cut their price target on shares of Nextdoor from $4.50 to $3.75 and set a “neutral” rating on the stock in a report on Wednesday, August 10th. Morgan Stanley cut their price target on shares of Nextdoor from $3.00 to $2.50 and set an “equal weight” rating on the stock in a report on Wednesday, August 10th. The Goldman Sachs Group dropped their target price on shares of Nextdoor from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Wednesday, August 10th. Finally, Evercore ISI dropped their target price on shares of Nextdoor to $6.00 in a report on Monday, August 15th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of 4.55.
Nextdoor Stock Down 6.4 %
The stock has a market capitalization of $1.13 billion, a P/E ratio of -3.38 and a beta of 0.18. The firm’s 50 day simple moving average is 3.28 and its two-hundred day simple moving average is 3.93.
Insider Buying and Selling at Nextdoor
Institutional Investors Weigh In On Nextdoor
Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisor Group Holdings Inc. bought a new stake in Nextdoor in the 4th quarter worth about $134,000. Northern Trust Corp bought a new stake in Nextdoor in the 4th quarter worth about $924,000. Raymond James & Associates bought a new stake in Nextdoor in the 4th quarter worth about $358,000. Bank of America Corp DE bought a new stake in Nextdoor in the 4th quarter worth about $2,032,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in Nextdoor in the 4th quarter worth about $88,000. 31.14% of the stock is owned by institutional investors.
Nextdoor Holdings, Inc operates as the neighborhood network that connects neighbors, businesses, and public services in the United States and internationally. It enables small and mid-sized businesses, large brands, public agencies, and nonprofits to receive information, give and get help, and build connections.
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