Nextdoor Holdings Inc. (NYSE: KIND) stock fell -3.02% on Monday to $1.93 against a previous-day closing price of $1.99. With 1.31 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.02 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $2.0000 whereas the lowest price it dropped to was $1.9200. The 52-week range on KIND shows that it touched its highest point at $3.46 and its lowest point at $1.82 during that stretch. It currently has a 1-year price target of $3.35. Beta for the stock currently stands at 0.81.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of KIND was down-trending over the past week, with a drop of -3.50%, but this was down by -11.87% over a month. Three-month performance dropped to -33.45% while six-month performance fell -1.53%. The stock lost -45.48% in the past year, while it has lost -6.31% so far this year. A look at the trailing 12-month EPS for KIND yields -0.37 with Next year EPS estimates of -0.33. For the next quarter, that number is -0.10. This implies an EPS growth rate of 44.10% for this year and 10.80% for next year.
Float and Shares Shorts:
At present, 375.90 million KIND shares are outstanding with a float of 173.62 million shares on hand for trading. On Aug 30, 2023, short shares totaled 7.19 million, which was 1.89% higher than short shares on Jul 30, 2023. In addition to Ms. Sarah J. Friar as the firm’s CEO, Pres & Chairperson of the Board, Mr. Michael James Doyle II serves as its CFO & Treasurer.
Institutional Ownership:
Through their ownership of 68.56% of KIND’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 7.53% of KIND, in contrast to 21.51% held by mutual funds. Shares owned by individuals account for 21.08%. As the largest shareholder in KIND with 6.32% of the stake, The Vanguard Group, Inc. holds 11,184,861 shares worth 11,184,861. A second-largest stockholder of KIND, BlackRock Fund Advisors, holds 8,700,561 shares, controlling over 4.91% of the firm’s shares. Nikko Asset Management Americas, is the third largest shareholder in KIND, holding 8,328,200 shares or 4.70% stake. With a 3.93% stake in KIND, the ARK Next Generation Internet ETF is the largest stakeholder. A total of 6,954,297 shares are owned by the mutual fund manager. The American Funds Small Cap World Fu, which owns about 3.87% of KIND stock, is the second-largest Mutual Fund holder. It holds 6,859,318 shares valued at 14.88 million. Vanguard Total Stock Market ETF holds 2.07% of the stake in KIND, owning 3,659,313 shares worth 7.94 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, KIND reported revenue of $54.54M and operating income of -$38.26M. The EBITDA in the recently reported quarter was -$36.88M and diluted EPS was -$0.10.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KIND since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With KIND analysts setting a high price target of $5.00 and a low target of $2.40, the average target price over the next 12 months is $3.35. Based on these targets, KIND could surge 159.07% to reach the target high and rise by 24.35% to reach the target low. Reaching the average price target will result in a growth of 73.58% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded KIND stock several times over the past three months with 0 Buys and 3 Sells. In these transactions, 0 shares were bought while 7,500 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has risen to 5 over the past year. The total number of shares bought during that period was 0 while 12,500 shares were sold.
