250,000 Shares in Nextdoor Holdings, Inc. $NXDR Purchased by Oasis Management Co Ltd.

Oasis Management Co Ltd. bought a new position in Nextdoor Holdings, Inc. (NYSE:NXDR) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 250,000 shares of the company’s stock, valued at approximately $525,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC acquired a new stake in shares of Nextdoor in the 4th quarter worth about $25,000. Geneos Wealth Management Inc. acquired a new stake in shares of Nextdoor in the 4th quarter worth about $26,000. Commonwealth Equity Services LLC acquired a new stake in shares of Nextdoor in the 4th quarter worth about $27,000. Cibc World Markets Corp acquired a new stake in shares of Nextdoor in the 4th quarter worth about $30,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Nextdoor in the 4th quarter worth about $33,000. Institutional investors and hedge funds own 35.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NXDR shares. Weiss Ratings restated a “sell (d-)” rating on shares of Nextdoor in a report on Tuesday, April 14th. Citigroup lowered their target price on shares of Nextdoor from $2.20 to $2.10 and set a “neutral” rating on the stock in a report on Friday, February 20th. Wall Street Zen upgraded shares of Nextdoor from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. B. Riley Financial reiterated a “neutral” rating on shares of Nextdoor in a research note on Thursday, February 19th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $2.25 price objective on shares of Nextdoor in a research note on Thursday, May 7th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Nextdoor has an average rating of “Reduce” and an average target price of $2.18.

Nextdoor Stock Down 2.1%

Nextdoor stock opened at $2.10 on Friday. Nextdoor Holdings, Inc. has a twelve month low of $1.33 and a twelve month high of $3.72. The company’s 50 day moving average is $1.80. The company has a market cap of $799.01 million, a P/E ratio of -19.05 and a beta of 1.38.

Nextdoor (NYSE:NXDR) last released its earnings results on Wednesday, May 6th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. Nextdoor had a negative net margin of 16.47% and a negative return on equity of 9.22%. The firm had revenue of $61.67 million during the quarter. As a group, research analysts expect that Nextdoor Holdings, Inc. will post -0.09 earnings per share for the current fiscal year.

About Nextdoor

Nextdoor Holdings, Inc (NYSE: NXDR) operates Nextdoor, a private social network designed to connect neighbors and local communities. Founded by Nirav Tolia, Sarah Leary, Prakash Janakiraman and David Wiesen, the company is headquartered in San Francisco and provides an app and web platform where residents can share news, recommendations, safety information, items for sale, and local event notices. The platform is built around verified neighborhood groups and identity-confirmation processes intended to foster trust and relevant local conversations.

Nextdoor’s core products center on the consumer-facing Nextdoor app and web experience, supplemented by tools and services for local businesses, public agencies, and advertisers.