Key Points
- Nextdoor CAO Antoinette How sold 35,581 shares at an average price of $2.25, generating proceeds of approximately $80,057. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Nextdoor reported quarterly revenue of $74.55 million and a loss of $0.01 per share, beating analysts’ estimates of $72.10 million in revenue and a $0.02-per-share loss.
- NXDR shares opened at $2.24, with analysts holding a consensus “Hold” rating and an average price target of $2.80. Institutional investors own approximately 35.66% of the company.
Nextdoor Holdings, Inc. (NYSE:NXDR - Get Free Report) CAO Antoinette How sold 35,581 shares of the firm's 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Nextdoor Price Performance
Shares of Nextdoor stock opened at $2.24 on Friday. The firm has a market cap of $854.31 million, a price-to-earnings ratio of -28.00 and a beta of 1.37. The stock has a 50-day simple moving average of $2.37 and a 200-day simple moving average of $1.97. Nextdoor Holdings, Inc. has a 52-week low of $1.33 and a 52-week high of $3.72.
Nextdoor (NYSE:NXDR - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.01. Nextdoor had a negative return on equity of 6.16% and a negative net margin of 11.08%.The firm had revenue of $74.55 million for the quarter, compared to the consensus estimate of $72.10 million. As a group, equities research analysts predict that Nextdoor Holdings, Inc. will post -0.05 earnings per share for the current year.
Wall Street Analyst Weigh In
NXDR has been the subject of several recent research reports. B. Riley Financial raised shares of Nextdoor from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $2.00 to $3.30 in a research report on Thursday, August 6th. Citigroup raised their price target on shares of Nextdoor from $2.30 to $2.85 and gave the company a "neutral" rating in a report on Monday, August 17th. Wall Street Zen raised shares of Nextdoor from a "hold" rating to a "buy" rating in a research note on Saturday, May 9th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Nextdoor in a report on Friday, July 10th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $2.80.
Get Our Latest Stock Analysis on NXDR
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC bought a new position in shares of Nextdoor in the 4th quarter valued at approximately $25,000. Commonwealth Equity Services LLC bought a new stake in Nextdoor during the fourth quarter worth approximately $27,000. Mackenzie Financial Corp bought a new stake in Nextdoor during the fourth quarter worth approximately $29,000. Cibc World Markets Corp acquired a new position in Nextdoor during the fourth quarter valued at approximately $30,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Nextdoor in the fourth quarter worth $33,000. Institutional investors and hedge funds own 35.66% of the company's stock.
Nextdoor Company Profile
(
Get Free Report)
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.
Further Reading
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