Versor Investments LP Acquires Shares of 51,200 Nextdoor Holdings, Inc. (NYSE:KIND)

Versor Investments LP purchased a new position in shares of Nextdoor Holdings, Inc. (NYSE:KIND) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 51,200 shares of the company’s stock, valued at approximately $121,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Nextdoor by 5.3% in the third quarter. Geode Capital Management LLC now owns 4,042,728 shares of the company’s stock valued at $10,028,000 after acquiring an additional 205,015 shares in the last quarter. State Street Corp raised its stake in Nextdoor by 1.3% in the 3rd quarter. State Street Corp now owns 3,568,959 shares of the company’s stock valued at $8,851,000 after purchasing an additional 46,595 shares during the last quarter. Potrero Capital Research LLC lifted its holdings in Nextdoor by 29.4% in the 3rd quarter. Potrero Capital Research LLC now owns 2,897,238 shares of the company’s stock valued at $7,185,000 after purchasing an additional 657,492 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Nextdoor by 5.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,406,161 shares of the company’s stock worth $3,487,000 after purchasing an additional 75,229 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Nextdoor by 62.2% during the third quarter. JPMorgan Chase & Co. now owns 725,345 shares of the company’s stock worth $1,799,000 after buying an additional 278,185 shares in the last quarter. 35.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KIND. Craig Hallum started coverage on shares of Nextdoor in a research note on Thursday, January 30th. They issued a “buy” rating and a $4.00 price target on the stock. The Goldman Sachs Group decreased their target price on shares of Nextdoor from $3.00 to $2.50 and set a “neutral” rating on the stock in a research note on Monday.

Nextdoor Stock Up 1.5 %

Shares of KIND opened at $1.70 on Wednesday. Nextdoor Holdings, Inc. has a 52-week low of $1.60 and a 52-week high of $3.00. The stock has a fifty day simple moving average of $2.50 and a two-hundred day simple moving average of $2.48. The company has a market capitalization of $647.73 million, a PE ratio of -5.30 and a beta of 1.07.

Nextdoor (NYSE:KIND) last released its quarterly earnings data on Thursday, February 27th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.03). Nextdoor had a negative net margin of 53.23% and a negative return on equity of 19.42%. The firm had revenue of $65.23 million during the quarter, compared to analysts’ expectations of $63.12 million. As a group, equities analysts anticipate that Nextdoor Holdings, Inc. will post -0.22 earnings per share for the current fiscal year.

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.