Nano Cap New Millennium Growth Fund L P Makes New $798,000 Investment in Nextdoor Holdings, Inc. $NXDR

Nano Cap New Millennium Growth Fund L P bought a new position in shares of Nextdoor Holdings, Inc. (NYSE:NXDR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 380,000 shares of the company’s stock, valued at approximately $798,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC purchased a new position in shares of Nextdoor during the 4th quarter worth approximately $25,000. Geneos Wealth Management Inc. purchased a new position in shares of Nextdoor during the 4th quarter worth approximately $26,000. HighTower Advisors LLC bought a new position in shares of Nextdoor in the 4th quarter worth about $33,000. Krilogy Financial LLC bought a new position in shares of Nextdoor in the 4th quarter worth about $38,000. Finally, Pictet Asset Management Holding SA bought a new position in shares of Nextdoor in the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 35.66% of the company’s stock.

Wall Street Analysts Forecast Growth

NXDR has been the subject of several research reports. B. Riley Financial reiterated a “neutral” rating on shares of Nextdoor in a research note on Thursday, February 19th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $2.25 price target on shares of Nextdoor in a research note on Thursday, May 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nextdoor in a research note on Tuesday, April 14th. Citigroup decreased their price target on shares of Nextdoor from $2.20 to $2.10 and set a “neutral” rating for the company in a research note on Friday, February 20th. Finally, Wall Street Zen upgraded Nextdoor from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Nextdoor has a consensus rating of “Reduce” and an average price target of $2.18.

Nextdoor Stock Down 2.2%

Shares of NYSE:NXDR opened at $2.02 on Friday. The company’s fifty day moving average is $1.60. The stock has a market capitalization of $768.50 million, a PE ratio of -18.32 and a beta of 1.29. Nextdoor Holdings, Inc. has a 12-month low of $1.33 and a 12-month high of $3.72.

Nextdoor (NYSE:NXDR) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The business had revenue of $61.67 million during the quarter. Nextdoor had a negative return on equity of 9.22% and a negative net margin of 16.47%. Sell-side analysts predict that Nextdoor Holdings, Inc. will post -0.09 EPS for the current fiscal year.

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.