Nextdoor (NYSE:KIND) Releases Earnings Results, Hits Expectations

Nextdoor (NYSE:KIND) released its quarterly earnings results on Thursday. The company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03), Zacks reports. The company had revenue of $65.23 million for the quarter, compared to analyst estimates of $63.12 million. Nextdoor had a negative return on equity of 19.42% and a negative net margin of 53.23%. Nextdoor updated its Q1 2025 guidance to EPS.

Nextdoor Stock Down 29.5 %

Shares of NYSE KIND traded down $0.74 during midday trading on Friday, hitting $1.76. 15,946,618 shares of the company’s stock were exchanged, compared to its average volume of 1,767,016. Nextdoor has a 12 month low of $1.67 and a 12 month high of $2.99. The company’s 50 day moving average price is $2.51 and its 200 day moving average price is $2.48. The firm has a market capitalization of $670.66 million, a PE ratio of -5.48 and a beta of 1.07.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group raised their price target on Nextdoor from $2.50 to $3.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Craig Hallum started coverage on Nextdoor in a research note on Thursday, January 30th. They issued a “buy” rating and a $4.00 price target for the company.

Insider Transactions at Nextdoor

In related news, General Counsel Sophia Schwartz sold 16,834 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $2.45, for a total value of $41,243.30. Following the completion of the sale, the general counsel now directly owns 215,536 shares in the company, valued at $528,063.20. The trade was a 7.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 46.04% of the stock is currently owned by corporate insiders.

About Nextdoor

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.