Wealth Enhancement Advisory Services LLC Invests $27,000 in Nextdoor Holdings, Inc. (NYSE:KIND)

Wealth Enhancement Advisory Services LLC purchased a new position in Nextdoor Holdings, Inc. (NYSE:KIND) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,552 shares of the company’s stock, valued at approximately $27,000.

Other large investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its position in shares of Nextdoor by 77.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,372 shares of the company’s stock worth $25,000 after buying an additional 4,514 shares in the last quarter. AXQ Capital LP purchased a new stake in shares of Nextdoor in the fourth quarter worth $25,000. SVB Wealth LLC purchased a new stake in shares of Nextdoor in the fourth quarter worth $27,000. US Bancorp DE purchased a new stake in shares of Nextdoor in the fourth quarter worth $29,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Nextdoor in the fourth quarter worth $34,000. 35.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group lowered their price objective on Nextdoor from $2.50 to $1.75 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Morgan Stanley downgraded Nextdoor from an “equal weight” rating to an “underweight” rating and set a $1.10 price target on the stock. in a research report on Tuesday, May 13th.

Nextdoor Stock Down 0.3%

NYSE KIND opened at $1.62 on Thursday. The stock’s 50-day simple moving average is $1.50 and its two-hundred day simple moving average is $1.98. Nextdoor Holdings, Inc. has a twelve month low of $1.32 and a twelve month high of $3.00. The company has a market capitalization of $617.88 million, a price-to-earnings ratio of -6.73 and a beta of 1.16.

Nextdoor (NYSE:KIND) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. Nextdoor had a negative return on equity of 15.75% and a negative net margin of 36.95%. The business had revenue of $54.18 million for the quarter, compared to the consensus estimate of $53.14 million. On average, equities analysts expect that Nextdoor Holdings, Inc. will post -0.22 earnings per share for the current fiscal year.

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.