In the last trading session, 1.04 million Nextdoor Holdings Inc (NYSE:KIND) shares changed hands as the company’s beta touched 0.74. With the company’s per share price at $1.64 changed hands at -$0.01 or -0.61% during last session, the market valuation stood at $631.61M. KIND’s last price was a discount, traded about -107.93% off its 52-week high of $3.41. The share price had its 52-week low at $1.32, which suggests the last value was 19.51% up since then. When we look at Nextdoor Holdings Inc’s average trading volume, we note the 10-day average is 2.95 million shares, with the 3-month average coming to 1.39 million.
Analysts gave the Nextdoor Holdings Inc (KIND) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended KIND as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Nextdoor Holdings Inc’s EPS for the current quarter is expected to be -$0.1.
Nextdoor Holdings Inc (NYSE:KIND) trade information
Instantly KIND was in red as seen at the end of in last trading. With action 3.14%, the performance over the past five days has been green. The drop to weekly highs of 1.7600 on Monday, 11/20/23 subtracted -0.61% to the stock’s daily price. The company’s shares are showing year-to-date downside of -20.39%, with the 5-day performance at 3.14% in the green. However, in the 30-day time frame, Nextdoor Holdings Inc (NYSE:KIND) is -9.39% down. Looking at the short shares, we see there were 5.53 million shares sold at short interest cover period of 6.47 days.
The consensus price target for the stock as assigned by Wall Street analysts is $2.44, meaning bulls need an upside of 32.79% from its current market value. According to analyst projections, KIND’s forecast low is $1.75 with $3.50 as the target high. To hit the forecast high, the stock’s price needs a -113.41% plunge from its current level, while the stock would need to soar -6.71% for it to hit the projected low.
Nextdoor Holdings Inc (KIND) estimates and forecasts
Data shows that the Nextdoor Holdings Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -26.13% over the past 6 months, a -11.11% in annual growth rate that is considerably lower than the industry average of 18.30%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Nextdoor Holdings Inc will fall -11.10%. Year-over-year growth is forecast to reach 0.60% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of $51.2 million. 3 analysts are of the opinion that Nextdoor Holdings Inc’s revenue for the quarter ending Mar 2024 will be $47.52 million. The company’s revenue for the corresponding quarters a year ago was $53.27 million and $49.77 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -3.90%. The estimates for the next quarter sales put growth at -4.50%.
The 2023 estimates are for Nextdoor Holdings Inc earnings to decrease by -9.72%.
Nextdoor Holdings Inc is expected to release its next quarterly earnings report on November 07.
Nextdoor Holdings Inc (NYSE:KIND)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.88% of Nextdoor Holdings Inc shares while 68.56% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 69.17%. There are 68.56% institutions holding the Nextdoor Holdings Inc stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 6.47% of the shares, roughly 11.46 million KIND shares worth $37.37 million.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 5.40% or 9.56 million shares worth $31.18 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Sep 29, 2023 were ARK ETF Tr-ARK Next Generation Internet ETF and Smallcap World Fund. With 6.87 million shares estimated at $12.5 million under it, the former controlled 3.88% of total outstanding shares. On the other hand, Smallcap World Fund held about 3.87% of the shares, roughly 6.86 million shares worth around $22.36 million.