Evercore ISI slashes price target on Nextdoor Holdings Inc. [KIND] – find out why.


Nextdoor Holdings Inc. [NYSE: KIND] gained 2.33% on the last trading session, reaching $7.02 price per share at the time. The company report on December 3, 2021 that Nextdoor to participate in UBS Global TMT Conference on December 6.

Nextdoor Holdings, Inc. (NYSE: KIND) today announced that Chief Executive Officer, Sarah Friar, and Chief Financial Officer, Mike Doyle, will participate in a fireside chat at the UBS Global TMT Conference on Monday, December 6, 2021 starting at 7:00 a.m. ET. The conference is a three-day event for investors to hear from industry experts and corporate management in the tech, media, and telecom (TMT) sectors.

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A webcast of the virtual event can be accessed through the events and presentations section of Nextdoor’s Investor Relations website, investors.nextdoor.com. A recording of the webcast will be available on the same website for a period of time following the event.

KIND stock price has been found in the range of $6.43 to $7.035.

If compared to the average trading volume of 2.21M shares, KIND reached a trading volume of 4265345 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Nextdoor Holdings Inc. [KIND]:

Evercore ISI have made an estimate for Nextdoor Holdings Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 23, 2021.

Trading performance analysis for KIND stock

Nextdoor Holdings Inc. [KIND] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.32. With this latest performance, KIND shares dropped by -33.21% in over the last four-week period, additionally sinking by -34.08% over the last 6 months .

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KIND stock in for the last two-week period is set at 31.01, with the RSI for the last a single of trading hit 27.21, and the three-weeks RSI is set at 34.02 for Nextdoor Holdings Inc. [KIND]. The present Moving Average for the last 50 days of trading for this stock 10.19, while it was recorded at 7.50 for the last single week of trading.

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An analysis of insider ownership at Nextdoor Holdings Inc. [KIND]

42 institutional holders increased their position in Nextdoor Holdings Inc. [NYSE:KIND] by around 23,952,133 shares. Additionally, 69 investors decreased positions by around 25,585,609 shares, while 9 investors held positions by with 12,933,804 shares. The mentioned changes placed institutional holdings at 36,603,938 shares, according to the latest SEC report filing. KIND stock had 34 new institutional investments in for a total of 21,372,838 shares, while 52 institutional investors sold positions of 19,569,431 shares during the same period.