Nextdoor to change ticker symbol from KIND to NXDR on July 21

NEW YORK - Neighborhood social network Nextdoor Holdings, Inc. (NYSE:KIND), currently trading at $1.69 per share with a market capitalization of $647 million, announced it will change its ticker symbol from KIND to NXDR effective July 21, 2025, coinciding with the launch of its redesigned product. According to InvestingPro analysis, the stock appears to be trading below its Fair Value.

The company stated that no action is required from shareholders regarding the ticker symbol change. Nextdoor’s Class A common stock will continue trading on the New York Stock Exchange with its CUSIP remaining unchanged.

In the same announcement, Nextdoor confirmed it will report its second quarter 2025 financial results after U.S. markets close on Thursday, August 7, 2025. The company will host a video webcast and conference call at 2:00 p.m. PT/5:00 p.m. ET to discuss the results.

Nextdoor operates a social networking platform focused on connecting neighbors, public agencies, and businesses in local communities. According to the company’s press release, the platform serves more than 345,000 neighborhoods across 11 countries.

The ticker symbol change comes as part of the company’s broader product redesign initiative, though specific details about the redesign were not provided in the announcement.

In other recent news, Nextdoor Holdings Inc. reported its Q1 2025 earnings, revealing revenue of $54 million, which did not meet the expected $59.65 million. The company also reported a net loss of $22 million, emphasizing ongoing financial challenges. Despite these setbacks, Nextdoor is preparing to launch its "Next" platform by late July 2025, aiming to enhance user engagement and monetization. The company’s cash position remains strong at $418 million, with a transition to programmatic ad buying underway.

In a separate development, Morgan Stanley downgraded Nextdoor’s stock rating from Equalweight to Underweight and significantly reduced the price target to $1.10 from $2.70. This downgrade reflects concerns over Nextdoor’s recent platform overhaul, named NEXT, and the macroeconomic challenges facing smaller advertising platforms. Morgan Stanley also adjusted its expectations for Nextdoor’s financial performance, decreasing its EBITDA projection for 2026 by $44 million. The firm suggests that Nextdoor’s valuation remains high compared to its growth prospects.

These recent developments highlight the challenges Nextdoor faces as it attempts to scale its advertising model and revamp its offerings through the NEXT platform. The company’s focus on innovation and strategic changes is aimed at overcoming these hurdles and improving its financial trajectory.

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