Nextdoor (KIND) to Release Quarterly Earnings on Thursday

Nextdoor (NYSE:KIND) is anticipated to announce its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $63.12 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Nextdoor Price Performance

NYSE:KIND opened at $2.71 on Thursday. The firm has a 50 day simple moving average of $2.51 and a 200-day simple moving average of $2.49. The firm has a market cap of $1.03 billion, a PE ratio of -8.45 and a beta of 1.07. Nextdoor has a 1-year low of $1.67 and a 1-year high of $2.99.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on KIND shares. The Goldman Sachs Group upped their price target on shares of Nextdoor from $2.50 to $3.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Craig Hallum started coverage on shares of Nextdoor in a research report on Thursday, January 30th. They set a “buy” rating and a $4.00 price target for the company.

Insider Buying and Selling

In other news, General Counsel Sophia Schwartz sold 16,834 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $2.45, for a total value of $41,243.30. Following the completion of the sale, the general counsel now owns 215,536 shares of the company’s stock, valued at $528,063.20. This represents a 7.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 46.04% of the stock is currently owned by company insiders.

Nextdoor Company Profile

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.