Savvy Advisors Inc. Invests $61,000 in Nextdoor Holdings, Inc. (NYSE:KIND)

Savvy Advisors Inc. bought a new stake in Nextdoor Holdings, Inc. (NYSE:KIND) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,761 shares of the company’s stock, valued at approximately $61,000.

Several other large investors have also recently bought and sold shares of the business. XTX Topco Ltd acquired a new position in shares of Nextdoor during the 2nd quarter worth about $28,000. Creative Planning acquired a new position in Nextdoor in the third quarter valued at approximately $28,000. Ground Swell Capital LLC purchased a new position in Nextdoor in the second quarter valued at approximately $30,000. Xponance Inc. acquired a new stake in Nextdoor during the second quarter worth approximately $31,000. Finally, nVerses Capital LLC purchased a new stake in shares of Nextdoor during the 2nd quarter worth approximately $49,000. Hedge funds and other institutional investors own 35.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of Nextdoor from $2.50 to $3.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Morgan Stanley lifted their target price on Nextdoor from $2.20 to $2.50 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd.

Nextdoor Trading Down 0.8 %

KIND stock opened at $2.49 on Thursday. The company has a market capitalization of $945.98 million, a P/E ratio of -7.78 and a beta of 1.08. The business has a 50 day simple moving average of $2.45 and a 200-day simple moving average of $2.50. Nextdoor Holdings, Inc. has a twelve month low of $1.32 and a twelve month high of $2.99.

Nextdoor (NYSE:KIND) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. Nextdoor had a negative net margin of 53.23% and a negative return on equity of 19.42%. The firm had revenue of $65.61 million during the quarter, compared to analysts’ expectations of $62.10 million. During the same quarter in the prior year, the business earned ($0.10) EPS. Research analysts predict that Nextdoor Holdings, Inc. will post -0.22 EPS for the current fiscal year.

Insider Activity at Nextdoor

In other Nextdoor news, General Counsel Sophia Schwartz sold 17,529 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $2.58, for a total transaction of $45,224.82. Following the completion of the sale, the general counsel now directly owns 304,666 shares of the company’s stock, valued at approximately $786,038.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 46.04% of the stock is currently owned by insiders.

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.