Oasis Management Co Ltd. Purchases Shares of 250,000 Nextdoor Holdings, Inc. $NXDR

Oasis Management Co Ltd. purchased a new stake in shares of Nextdoor Holdings, Inc. (NYSE:NXDR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 250,000 shares of the company’s stock, valued at approximately $525,000. Oasis Management Co Ltd. owned about 0.06% of Nextdoor at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of NXDR. Farther Finance Advisors LLC bought a new stake in Nextdoor during the fourth quarter valued at $25,000. Geneos Wealth Management Inc. bought a new stake in Nextdoor during the fourth quarter valued at $26,000. Commonwealth Equity Services LLC bought a new stake in Nextdoor during the fourth quarter valued at $27,000. Cibc World Markets Corp bought a new stake in Nextdoor during the fourth quarter valued at $30,000. Finally, HighTower Advisors LLC bought a new stake in Nextdoor during the fourth quarter valued at $33,000. Institutional investors own 35.66% of the company’s stock.

Nextdoor Stock Down 2.1%

Shares of NYSE NXDR opened at $2.10 on Friday. The firm’s 50-day moving average is $1.80. Nextdoor Holdings, Inc. has a 1-year low of $1.33 and a 1-year high of $3.72. The firm has a market capitalization of $799.01 million, a price-to-earnings ratio of -19.05 and a beta of 1.38.

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

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wall Street Zen raised shares of Nextdoor from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nextdoor in a research report on Tuesday, April 14th. Citigroup dropped their price objective on shares of Nextdoor from $2.20 to $2.10 and set a “neutral” rating on the stock in a report on Friday, February 20th. The Goldman Sachs Group reiterated a “neutral” rating and set a $2.25 price objective on shares of Nextdoor in a report on Thursday, May 7th. Finally, B. Riley Financial reiterated a “neutral” rating on shares of Nextdoor in a report on Thursday, February 19th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $2.18.

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.