Nextdoor (NYSE:KIND) Issues Earnings Results

Nextdoor (NYSE:KIND) released its quarterly earnings data on Thursday. The company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03), Zacks reports. The firm had revenue of $65.23 million during the quarter, compared to the consensus estimate of $63.12 million. Nextdoor had a negative net margin of 53.23% and a negative return on equity of 19.42%. Nextdoor updated its Q1 2025 guidance to EPS.

Nextdoor Stock Down 26.7 %

KIND stock traded down $0.67 during mid-day trading on Friday, reaching $1.83. The company had a trading volume of 3,480,252 shares, compared to its average volume of 1,398,568. The stock has a market capitalization of $697.41 million, a P/E ratio of -5.93 and a beta of 1.07. Nextdoor has a one year low of $1.86 and a one year high of $2.99. The stock’s 50-day simple moving average is $2.52 and its two-hundred day simple moving average is $2.49.

Wall Street Analysts Forecast Growth

KIND has been the subject of a number of research reports. Craig Hallum initiated 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. The Goldman Sachs Group lifted their price objective on shares of Nextdoor from $2.50 to $3.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th.

Insider Buying and Selling at Nextdoor

In related news, General Counsel Sophia Schwartz sold 16,834 shares of Nextdoor 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 directly owns 215,536 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. 46.04% of the stock is currently owned by company insiders.

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.