Nextdoor Holdings, Inc. (NYSE:KIND) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its holdings in Nextdoor Holdings, Inc. (NYSE:KIND) by 9.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 353,257 shares of the company’s stock after buying an additional 31,521 shares during the quarter. Teacher Retirement System of Texas owned about 0.09% of Nextdoor worth $540,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of KIND. AXQ Capital LP purchased a new stake in Nextdoor in the 4th quarter worth approximately $25,000. Tower Research Capital LLC TRC increased its holdings in shares of Nextdoor by 77.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,372 shares of the company’s stock valued at $25,000 after purchasing an additional 4,514 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Nextdoor in the 4th quarter valued at $27,000. US Bancorp DE purchased a new stake in Nextdoor during the fourth quarter worth $29,000. Finally, Two Sigma Securities LLC acquired a new stake in Nextdoor during the fourth quarter valued at $34,000. 35.66% of the stock is owned by hedge funds and other institutional investors.

Nextdoor Stock Performance

NYSE:KIND opened at $1.82 on Thursday. The company has a fifty day moving average of $1.56 and a two-hundred day moving average of $1.86. The stock has a market capitalization of $694.40 million, a PE ratio of -7.56 and a beta of 1.19. Nextdoor Holdings, Inc. has a fifty-two week low of $1.32 and a fifty-two week high of $3.00.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on KIND shares. The Goldman Sachs Group decreased their price objective on shares of Nextdoor from $2.50 to $1.75 and set a “neutral” rating for the company in a research report on Monday, April 14th. Morgan Stanley lowered Nextdoor from an “equal weight” rating to an “underweight” rating and set a $1.10 price target for the company. in a research note on Tuesday, May 13th. Finally, B. Riley began coverage on Nextdoor in a research report on Wednesday, June 25th. They set a “neutral” rating and a $2.00 price target on the stock.

Nextdoor 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.