Things appear to be looking up for Nextdoor Holdings Inc (KIND)

Nextdoor Holdings Inc (NYSE: KIND) is -6.88% lower on its value in year-to-date trading and has touched a low of $1.32 and a high of $3.41 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The KIND stock was last observed hovering at around $1.70 in the last trading session, with the day’s gains setting it 0.06%.

Currently trading at $1.76, the stock is 9.62% and 3.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.02 million and changing 3.53% at the moment leaves the stock -18.28% off its SMA200. KIND registered -19.27% loss for a year compared to 6-month loss of -26.36%. The firm has a 50-day simple moving average (SMA 50) of $0.95 and a 200-day simple moving average (SMA200) of -$1.33.

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The stock witnessed a 6.02% gain in the last 1 month and extending the period to 3 months gives it a 22.22%, and is 8.64% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.00% over the week and 5.08% over the month.

Profit margin for the company is -65.11%. Distance from 52-week low is 33.33% and -48.46% from its 52-week high. The company has generated returns on investments over the last 12 months (-22.14%).

Nextdoor Holdings Inc quarterly earnings per share for the current quarter are estimated at -$0.1 with sales reaching $51.19M over the same period.The EPS is expected to shrink by -9.72% this year, but quarterly earnings will post 0.60% year-over-year. Quarterly sales are estimated to shrink -3.90% in year-over-year returns.

Nextdoor Holdings Inc (KIND) Top Institutional Holders

184 institutions hold shares in Nextdoor Holdings Inc (KIND), with institutional investors hold 67.69% of the company’s shares. The shares outstanding are 153.69M, and float is at 146.65M with Short Float at 3.08%. Institutions hold 67.21% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 11.46 million shares valued at $37.37 million. The investor’s holdings represent 6.47% of the KIND Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 9.56 million shares valued at $31.18 million to account for 5.40% of the shares outstanding. The other top investors are Nikko Asset Management Americas, Inc. which holds 8.33 million shares representing 4.70% and valued at over $27.15 million, while Sumitomo Mitsui Trust Holdings, Inc. holds 4.70% of the shares totaling 8.33 million with a market value of $27.15 million.

Nextdoor Holdings Inc (KIND) Insider Activity

A total of 4 insider transactions have happened at Nextdoor Holdings Inc (KIND) in the last six months, with sales accounting for 4 and purchases happening 0 times. The most recent transaction is an insider sale by Orta John,the company’sHead of Legal and Secretary. SEC filings show that Orta John sold 2,500 shares of the company’s common stock on Jan 10 at a price of $1.66 per share for a total of $4150.0. Following the sale, the insider now owns 0.54 million shares.

Nextdoor Holdings Inc disclosed in a document filed with the SEC on Dec 11 that Orta John (Head of Legal and Secretary) sold a total of 2,500 shares of the company’s common stock. The trade occurred on Dec 11 and was made at $1.70 per share for $4250.0. Following the transaction, the insider now directly holds 0.55 million shares of the KIND stock.

Still, SEC filings show that on Oct 10, Orta John (Head of Legal and Secretary) disposed off 2,500 shares at an average price of $1.92 for $4807.0. The insider now directly holds 551,423 shares of Nextdoor Holdings Inc (KIND).