Nano Cap New Millennium Growth Fund L P acquired a new position in Nextdoor Holdings, Inc. (NYSE:NXDR – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 380,000 shares of the company’s stock, valued at approximately $798,000. Nano Cap New Millennium Growth Fund L P owned about 0.10% of Nextdoor as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Farther Finance Advisors LLC purchased a new position in Nextdoor in the fourth quarter worth $25,000. Geneos Wealth Management Inc. bought a new stake in Nextdoor during the 4th quarter valued at $26,000. HighTower Advisors LLC bought a new stake in Nextdoor during the 4th quarter valued at $33,000. Krilogy Financial LLC purchased a new stake in shares of Nextdoor in the fourth quarter worth about $38,000. Finally, Pictet Asset Management Holding SA purchased a new stake in shares of Nextdoor in the fourth quarter worth about $43,000. 35.66% of the stock is owned by institutional investors.
Nextdoor Price Performance
Shares of NXDR stock opened at $2.02 on Friday. The business has a fifty day simple moving average of $1.60. Nextdoor Holdings, Inc. has a 52 week low of $1.33 and a 52 week high of $3.72. The stock has a market capitalization of $768.50 million, a price-to-earnings ratio of -18.32 and a beta of 1.29.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on NXDR shares. Citigroup dropped their price objective on Nextdoor from $2.20 to $2.10 and set a “neutral” rating for the company in a research note on Friday, February 20th. Wall Street Zen raised shares of Nextdoor from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. B. Riley Financial reiterated a “neutral” rating on shares of Nextdoor in a research report on Thursday, February 19th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $2.25 price objective on shares of Nextdoor in a research note on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nextdoor in a research note on Tuesday, April 14th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $2.18.
Read Our Latest Report on Nextdoor
Nextdoor Profile
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.
Featured Stories
- Five stocks we like better than Nextdoor
- Meta Platforms 10% Layoff Raises a Bigger Question About AI Spending
- As Small-Cap Outperformance Continues, These 2 ETFs Provide Exposure
- Silicon Shake-Up: The AI Trade Is Moving Beyond NVIDIA
- The Silver Lining of Last Week’s Hims & Hers Earnings Miss
Want to see what other hedge funds are holding NXDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nextdoor Holdings, Inc. (NYSE:NXDR – Free Report).
Receive News & Ratings for Nextdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nextdoor and related companies with MarketBeat.com's FREE daily email newsletter.
