Neighborhood Intelligence (NASDAQ:NXH) Posts Earnings Results, Misses Expectations By $0.10 EPS

Neighborhood Intelligence (NASDAQ:NXH) announced its earnings results on Thursday. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.10), FiscalAI reports. Neighborhood Intelligence had a negative return on equity of 37.60% and a negative net margin of 7.13%. The business had revenue of $509.31 million for the quarter.

Neighborhood Intelligence Trading Down 2.0%

NXH stock traded down $0.04 during mid-day trading on Thursday, hitting $1.68. The stock had a trading volume of 5,459,091 shares, compared to its average volume of 2,919,862. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.59. Neighborhood Intelligence has a 52 week low of $1.32 and a 52 week high of $7.72. The stock has a market capitalization of $165.34 million, a price-to-earnings ratio of -1.47 and a beta of 3.04. The stock’s fifty day moving average is $2.65.

Hedge Funds Weigh In On Neighborhood Intelligence

Several hedge funds and other institutional investors have recently modified their holdings of the business. Corient Private Wealth LP acquired a new stake in Neighborhood Intelligence during the 2nd quarter worth approximately $892,000. Uhlmann Price Securities LLC bought a new stake in shares of Neighborhood Intelligence in the 3rd quarter valued at about $33,000. ProShare Advisors LLC acquired a new stake in shares of Neighborhood Intelligence in the third quarter valued at about $33,000. Claro Advisors Inc. increased its stake in shares of Neighborhood Intelligence by 39.4% in the third quarter. Claro Advisors Inc. now owns 82,653 shares of the company’s stock valued at $243,000 after buying an additional 23,375 shares during the period. Finally, Partners Wealth Management LLC acquired a new stake in shares of Neighborhood Intelligence in the third quarter valued at about $29,000. Institutional investors own 76.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on NXH. Zacks Research downgraded Neighborhood Intelligence from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. Weiss Ratings lowered Neighborhood Intelligence from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, October 6th. Two investment analysts have rated the stock with a Sell rating. According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Neighborhood Intelligence Company Profile

Neighborhood Intelligence Inc, formerly Bed Bath & Beyond Inc is an e-commerce-focused retailer with an affinity model that owns or has ownership interests in various retail brands, offering products and services that enable its customers to enhance everyday life through quality, style, and value. The company currently owns Bed Bath & Beyond, Overstock, buybuy BABY, and other related brands and websites, as well as a blockchain asset portfolio. Its e-commerce platforms, www.bedbathandbeyond.com and www.overstock.com, are targeted at customers seeking various products such as furniture, bedding, area rugs, tabletop and cookware, decor, storage, jewelry, etc, at affordable prices.