Universal Beteiligungs und Servicegesellschaft mbH Invests $212,000 in Nextdoor Holdings, Inc. (NYSE:KIND)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Nextdoor Holdings, Inc. (NYSE:KIND) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 138,597 shares of the company’s stock, valued at approximately $212,000.

Other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its stake in Nextdoor by 123.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 25,803 shares of the company’s stock valued at $39,000 after acquiring an additional 14,251 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Nextdoor by 12.9% in the 4th quarter. Northern Trust Corp now owns 1,638,341 shares of the company’s stock worth $3,883,000 after purchasing an additional 186,602 shares during the period. Two Sigma Investments LP raised its holdings in shares of Nextdoor by 88.7% in the 4th quarter. Two Sigma Investments LP now owns 1,139,984 shares of the company’s stock worth $2,702,000 after purchasing an additional 535,845 shares during the period. Wexford Capital LP purchased a new stake in Nextdoor in the fourth quarter worth $474,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Nextdoor by 72.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,252,571 shares of the company’s stock valued at $2,969,000 after buying an additional 527,226 shares during the period. Institutional investors own 35.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KIND shares. Morgan Stanley downgraded 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. B. Riley assumed coverage on shares of Nextdoor in a research report on Wednesday, June 25th. They set a “neutral” rating and a $2.00 target price for the company. Finally, The Goldman Sachs Group lowered their price target on shares of Nextdoor from $2.50 to $1.75 and set a “neutral” rating on the stock in a research report on Monday, April 14th.

Nextdoor Price Performance

Nextdoor stock opened at $1.70 on Tuesday. The firm has a market capitalization of $650.40 million, a P/E ratio of -7.08 and a beta of 1.19. Nextdoor Holdings, Inc. has a one year low of $1.32 and a one year high of $3.00. The business has a fifty day moving average price of $1.68 and a 200-day moving average price of $1.81.

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

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.