Nextdoor (KIND) Projected to Post Quarterly Earnings on Wednesday

Nextdoor (NYSE:KIND) is expected to be releasing its Q1 2025 earnings data after the market closes on Wednesday, May 7th. Analysts expect the company to announce earnings of ($0.07) per share and revenue of $53.14 million for the quarter. Nextdoor has set its Q1 2025 guidance at EPS.

Nextdoor (NYSE:KIND) last announced its quarterly earnings results on Thursday, February 27th. The company reported ($0.03) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.03). The business had revenue of $65.23 million during the quarter, compared to analysts’ expectations of $63.12 million. Nextdoor had a negative return on equity of 19.42% and a negative net margin of 53.23%. On average, analysts expect Nextdoor to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Nextdoor Trading Down 0.3 %

Shares of NYSE KIND opened at $1.50 on Tuesday. The stock has a market cap of $577.52 million, a price-to-earnings ratio of -4.67 and a beta of 1.16. The company’s 50-day moving average price is $1.59 and its 200 day moving average price is $2.19. Nextdoor has a 52 week low of $1.35 and a 52 week high of $3.00.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group reduced their target price on Nextdoor from $2.50 to $1.75 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Craig Hallum started coverage on Nextdoor in a research report on Thursday, January 30th. They set a “buy” rating and a $4.00 price objective for the company.

Insider Activity

In other news, General Counsel Sophia Schwartz sold 15,000 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $1.72, for a total transaction of $25,800.00. Following the completion of the sale, the general counsel now directly owns 267,445 shares of the company’s stock, valued at $460,005.40. The trade was a 5.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 46.04% of the company’s stock.

Nextdoor Company Profile

Nextdoor Holdings, Inc operates a neighborhood network that connects neighbors, businesses, and public services in the United States and internationally. The company enables neighbors and organizations to get information, give and get help, and build connections. It also offers advertising solutions, designs to generate value for businesses for connection and sales expansion.