5 Best Rising Penny Stocks to Buy

4. Nextdoor Holdings, Inc. (NYSE:KIND)

Number of Hedge Fund Holders: 22

Nextdoor Holdings, Inc. (NYSE:KIND) operates a hyperlocal social networking service for neighborhoods. Nextdoor Holdings, Inc. (NYSE:KIND) has gained about 52% year to date through July 8. In June, Nextdoor Holdings, Inc. (NYSE:KIND) announced that it was ready to join the Russell 3000® Index.

In May Nextdoor Holdings, Inc. (NYSE:KIND) posted Q1 results. GAAP EPS in the quarter came in at -$0.09. Revenue in the period fell 2.4% year over year to $49.8 million, beating estimates by $3.86 million. For the second quarter, Nextdoor Holdings, Inc. (NYSE:KIND)’s revenue is expected to be between $53 million to $54 million.