Nextdoor (KIND) to Release Quarterly Earnings on Thursday

Nextdoor (NYSE:KIND) is expected to issue its quarterly earnings data after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $63.12 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Nextdoor Stock Down 1.3 %

Shares of NYSE:KIND opened at $2.71 on Thursday. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -8.45 and a beta of 1.07. The firm’s 50-day simple moving average is $2.51 and its 200-day simple moving average is $2.49. Nextdoor has a fifty-two week low of $1.67 and a fifty-two week high of $2.99.

Insider Buying and Selling

In related news, General Counsel Sophia Schwartz sold 16,834 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $2.45, for a total transaction of $41,243.30. Following the sale, the general counsel now owns 215,536 shares of the company’s stock, valued at approximately $528,063.20. The trade was a 7.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 46.04% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on KIND shares. The Goldman Sachs Group lifted their target price on shares of Nextdoor from $2.50 to $3.00 and gave the company a “neutral” rating in a report 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 target price on the 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.