In the latest trading session, 1.19 million Nextdoor Holdings Inc (NYSE:KIND) shares changed hands as the company’s beta touched 1.06. With the company’s most recent per share price at $2.54 changing hands around $0.08 or 3.25% at last look, the market valuation stands at $970.64M. KIND’s current price is a discount, trading about -17.72% off its 52-week high of $2.99. The share price had its 52-week low at $1.32, which suggests the last value was 48.03% up since then. When we look at Nextdoor Holdings Inc’s average trading volume, we note the 10-day average is 1.56 million shares, with the 3-month average coming to 1.37 million.
Analysts gave the Nextdoor Holdings Inc (KIND) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 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 -0.04.
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Nextdoor Holdings Inc (NYSE:KIND) trade information
Instantly KIND is in green as seen in intraday trades today. With action 0.40%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 34.39%, with the 5-day performance at 0.40% in the green. However, in the 30-day time frame, Nextdoor Holdings Inc (NYSE:KIND) is 2.83% up. Looking at the short shares, we see there were 3.59 million shares sold at short interest cover period of 1.97 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.5, meaning bulls need an upside of 27.43% from its recent market value. According to analyst projections, KIND’s forecast low is 2.5 with 3.75 as the target high. To hit the forecast high, the stock’s price needs a -47.64% plunge from its current level, while the stock would need to tank 1.57% 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 better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 6.28% over the past 6 months, a 27.03% in annual growth rate that is considerably higher than the industry average of 24.90%. Year-over-year growth is forecast to reach 12.64% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 63.13M. 2 analysts are of the opinion that Nextdoor Holdings Inc’s revenue for the current quarter will be 60.2M. The company’s revenue for the corresponding quarters a year ago was 55.56M and 53.15M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 13.63%. The estimates for the next quarter sales put growth at 13.27%.
The 2024 estimates are for Nextdoor Holdings Inc earnings to increase by 32.05%.
KIND Dividends
Nextdoor Holdings Inc is expected to release its next quarterly earnings report in January.
Nextdoor Holdings Inc (NYSE:KIND)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.57% of Nextdoor Holdings Inc shares while 55.32% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 56.21%. There are 55.32% institutions holding the Nextdoor Holdings Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 4.1969% of the shares, roughly 16.46 million KIND shares worth $45.76 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 3.1777% or 12.46 million shares worth $34.65 million as of 2024-06-30.
Among Mutual Funds, the top two as of Oct 31, 2024 were ARK ETF Tr-ARK Next Generation Internet ETF and Vanguard Total Stock Market Index Fund. With 6.68 shares estimated at $17.04 million under it, the former controlled 3.10% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.75% of the shares, roughly 5.92 shares worth around $15.09 million.
