5 Cheap New Stocks To Buy

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

Price: $2.12

Price Decline Over the Past Six Months: 33%

Number of Hedge Fund Holders: 22

Nextdoor Holdings, Inc. (NSYE:KIND) is a San Francisco-based company that makes platforms to connect neighborhoods. Nextdoor Holdings, Inc. (NSYE:KIND) has a differentiated product that is used by people to connect with others living close to them. Nextdoor Holdings, Inc. (NSYE:KIND)’s platform has useful applications because people use it to find babysitters, sell household items, sell or buy services and organize community events.

For the third quarter, Nextdoor Holdings, Inc. (NSYE:KIND) said its revenue jumped 2.4% to come in at $53.95 million, beating the estimates by $0.13 million.

Nextdoor Holdings went public in November 2021. A total of 22 hedge funds in Insider Monkey’s database had stakes in Nextdoor Holdings, Inc. (NSYE:KIND), compared to 21 funds in the previous quarter.