Nextdoor Holdings Inc. [KIND] Revenue clocked in at $297.70 million, down -56.27% YTD: What’s Next?

Nextdoor Holdings Inc. [NYSE: KIND] closed the trading session at $3.45 on 08/24/22. The day’s price range saw the stock hit a low of $3.23, while the highest price level was $3.48. The company report on August 23, 2022 that Nextdoor to Present at the 2022 Goldman Sachs Communacopia + Technology Conference.


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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 Goldman Sachs Communacopia + Technology Conference on Wednesday, September 14, 2022, starting at 4:30pm PT. A webcast of the event can be accessed through the events and presentations section of Nextdoor’s Investor Relations website at investors.nextdoor.com and through this webcast link. A recording of the webcast will be available on the same website for approximately six months following the event.

Nextdoor uses its Investor Relations website (investors.nextdoor.com), its Twitter handle (twitter.com/Nextdoor), its LinkedIn Home Page (linkedin.com/company/nextdoor-com), and Sarah Friar’s LinkedIn posts (linkedin.com/in/sarah-friar-922b044) as a means of disseminating or providing notification of, among other things, news or announcements regarding its business or financial performance, investor events, press releases, and earnings releases, and as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD.

The stocks have a year to date performance of -56.27 percent and weekly performance of 6.48 percent. The stock has been moved at -39.26 percent over the last six months. The stock has performed 12.38 percent around the most recent 30 days and changed 35.83 percent over the most recent 3-months.

If compared to the average trading volume of 3.08M shares, KIND reached to a volume of 2712002 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Nextdoor Holdings Inc. [KIND]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KIND shares is $3.95 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KIND stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for Nextdoor Holdings Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 20, 2022. While these analysts kept the previous recommendation, Truist raised their target price to Hold. The new note on the price target was released on March 29, 2022, representing the official price target for Nextdoor Holdings Inc. stock. Previously, the target price had yet another raise to $7, while Morgan Stanley analysts kept a Equal-Weight rating on KIND stock.

The Average True Range (ATR) for Nextdoor Holdings Inc. is set at 0.26, with the Price to Sales ratio for KIND stock in the period of the last 12 months amounting to 4.55. The Price to Book ratio for the last quarter was 1.90, with the Price to Cash per share for the same quarter was set at 1.70.

KIND stock trade performance evaluation

Nextdoor Holdings Inc. [KIND] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.48. With this latest performance, KIND shares gained by 12.38% in over the last four-week period, additionally sinking by -39.26% over the last 6 months – not to mention a drop of -65.29% in the past year of trading.

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 52.00, with the RSI for the last a single of trading hit 53.70, and the three-weeks RSI is set at 50.89 for Nextdoor Holdings Inc. [KIND]. The present Moving Average for the last 50 days of trading for this stock 3.39, while it was recorded at 3.36 for the last single week of trading, and 5.74 for the last 200 days.

Nextdoor Holdings Inc. [KIND]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Nextdoor Holdings Inc. [KIND] shares currently have an operating margin of -49.33 and a Gross Margin at +82.84. Nextdoor Holdings Inc.’s Net Margin is presently recorded at -49.60.

Return on Equity for this stock declined to -21.32, with Return on Assets sitting at -18.02.

Nextdoor Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 21.20 and a Current Ratio set at 21.20.

Nextdoor Holdings Inc. [KIND]: Insider Ownership positions

There are presently around $315 million, or 62.80% of KIND stock, in the hands of institutional investors. The top three institutional holders of KIND stocks are: CAPITAL WORLD INVESTORS with ownership of 10,697,393, which is approximately 94.498% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 9,099,968 shares of the stock with an approximate value of $31.39 million in KIND stocks shares; and ARK INVESTMENT MANAGEMENT LLC, currently with $22.85 million in KIND stock with ownership of nearly -1.264% of the company’s market capitalization.

Positions in Nextdoor Holdings Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 84 institutional holders increased their position in Nextdoor Holdings Inc. [NYSE:KIND] by around 31,098,730 shares. Additionally, 45 investors decreased positions by around 15,879,384 shares, while 23 investors held positions by with 44,268,351 shares. The mentioned changes placed institutional holdings at 91,246,465 shares, according to the latest SEC report filing. KIND stock had 51 new institutional investments in for a total of 17,108,196 shares, while 21 institutional investors sold positions of 7,158,244 shares during the same period.

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