Nextdoor (KIND) Projected to Post Earnings on Thursday

Nextdoor (NYSE:KIND) is projected to release its earnings data after the market closes on Thursday, February 27th. Analysts expect Nextdoor to post earnings of ($0.03) per share and revenue of $63.12 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Nextdoor Price Performance

Shares of KIND stock opened at $2.59 on Tuesday. The firm has a market cap of $987.83 million, a PE ratio of -8.08 and a beta of 1.07. The company has a 50-day moving average of $2.51 and a two-hundred day moving average of $2.49. Nextdoor has a 1-year low of $1.91 and a 1-year high of $2.99.

Analysts Set New Price Targets

Several brokerages have weighed in on KIND. The Goldman Sachs Group increased their target price 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. Craig Hallum started coverage on shares of Nextdoor in a report on Thursday, January 30th. They issued a “buy” rating and a $4.00 price objective for the company.

Insider Activity at Nextdoor

In related news, General Counsel Sophia Schwartz sold 16,834 shares of Nextdoor stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $2.45, for a total value of $41,243.30. Following the completion of the transaction, the general counsel now owns 215,536 shares in the company, valued at approximately $528,063.20. The trade was a 7.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 46.04% of the company’s stock.

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.