Susquehanna Fundamental Investments LLC Makes New Investment in Nextdoor Holdings, Inc. (NYSE:KIND)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Nextdoor Holdings, Inc. (NYSE:KIND) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,313 shares of the company’s stock, valued at approximately $84,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. XTX Topco Ltd acquired a new position in Nextdoor during the 2nd quarter worth approximately $28,000. Ground Swell Capital LLC acquired a new position in shares of Nextdoor during the second quarter worth approximately $30,000. Xponance Inc. bought a new position in shares of Nextdoor in the 2nd quarter worth $31,000. Westside Investment Management Inc. grew its position in Nextdoor by 294.3% in the 1st quarter. Westside Investment Management Inc. now owns 15,408 shares of the company’s stock valued at $35,000 after purchasing an additional 11,500 shares during the period. Finally, nVerses Capital LLC bought a new stake in Nextdoor during the 2nd quarter valued at $49,000. Institutional investors own 35.66% of the company’s stock.

Nextdoor Stock Up 4.6 %

Shares of Nextdoor stock opened at $2.50 on Friday. Nextdoor Holdings, Inc. has a 52 week low of $1.32 and a 52 week high of $2.99. The business has a 50 day moving average price of $2.49 and a 200-day moving average price of $2.43. The company has a market cap of $975.71 million, a PE ratio of -6.94 and a beta of 1.08.

Nextdoor (NYSE:KIND) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $63.29 million during the quarter, compared to analyst estimates of $58.80 million. Nextdoor had a negative return on equity of 22.69% and a negative net margin of 65.63%. As a group, research analysts anticipate that Nextdoor Holdings, Inc. will post -0.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised their price objective on shares of Nextdoor from $2.20 to $2.50 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd.

Nextdoor 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.