Is Nextdoor Holdings Inc. (NYSE: KIND) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Nextdoor Holdings Inc. (KIND) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$0.10, or +3.29%, to $3.14. Volume reached 211 shares, with price reaching a high of $3.14 and a low of $2.9912. Most recently, Yahoo Finance reported about the stock as it publicized that Nextdoor, the Neighbourhood Network, Named Exclusive Partner and Proud Supporter of Toronto FC.

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Stocks Info

KIND belongs to the Communication Services sector of the NYSE while operating in the Internet Content & Information industry. At the end of the last regular session, the stock closed at $3.14 and fluctuated between $3.2700 as its day high and $2.9800 as its day low. The current market capitalization of Nextdoor Holdings Inc. is $1.24B. A total of 2.98 million shares were traded on the day, compared to an average of 2.60M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, KIND has seen 43 BUY and 1 SELL insider trades, representing the acquisition of 13,150,923 and the disposition of 2,500 shares. Over the last 12 months, there were 64 BUYs and 1 SELLs from insiders. Insiders purchased 46,039,064 shares during that period but sold 2,500.

In the most recent transaction, Greylock 16 GP LLC bought 765,000 shares of KIND for 3.31 per share on Aug 19. After the transaction, the Member of 10% owner group now owns 10,917,514 company shares. In a previous transaction on Aug 19, Sze David L bought 765,000 shares at 3.31 per share. KIND shares that Director owns now total 10,917,514.

Among the insiders who bought shares, Greylock 16 GP LLC acquired of 400,000 shares on Aug 18 at a per-share price of $3.39. This resulted in the Member of 10% owner group holding 10,299,014 shares of KIND after the transaction. In another insider transaction, Sze David L bought 400,000 shares at $3.39 per share on Aug 18. Company shares held by the Director now total 10,229,014.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for KIND in the last 3 months, the mean price target is $3.95 with high estimates of $6.00 and low estimates of $2.50. In terms of 52-week highs and lows, KIND has a high of $18.59 and a low of $2.47.

As of this writing, KIND has an earnings estimate of $-0.09 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $-0.08 per share and a lower estimate of $-0.09.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 5 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for KIND is Overweight with a score of 3.40. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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