Arizona State Retirement System boosted its holdings in shares of Nextdoor Holdings, Inc. (NYSE:KIND – Get Rating) by 64.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,991 shares of the company’s stock after acquiring an additional 10,153 shares during the quarter. Arizona State Retirement System’s holdings in Nextdoor were worth $54,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC bought a new position in shares of Nextdoor in the 4th quarter worth $25,000. Buckingham Strategic Wealth LLC acquired a new position in shares of Nextdoor during the third quarter valued at approximately $28,000. Quantbot Technologies LP raised its holdings in shares of Nextdoor by 261.4% during the first quarter. Quantbot Technologies LP now owns 4,922 shares of the company’s stock valued at $29,000 after acquiring an additional 3,560 shares during the last quarter. Guggenheim Capital LLC acquired a new stake in shares of Nextdoor in the third quarter valued at approximately $31,000. Finally, Freestone Capital Holdings LLC purchased a new position in Nextdoor in the third quarter worth approximately $32,000. 28.33% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, Citigroup decreased their target price on Nextdoor from $2.85 to $2.55 and set a “neutral” rating for the company in a report on Thursday, March 2nd.
Nextdoor Stock Up 0.8 %
Nextdoor (NYSE:KIND – Get Rating) last announced its quarterly earnings results on Tuesday, February 28th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01. The firm had revenue of $53.27 million during the quarter, compared to the consensus estimate of $50.83 million. Nextdoor had a negative return on equity of 21.91% and a negative net margin of 65.56%. The firm’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.11) EPS. Equities research analysts anticipate that Nextdoor Holdings, Inc. will post -0.33 EPS for the current year.
Nextdoor Company Profile
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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