Neighborhood Intelligence (NASDAQ:NXH) Raised to Hold at Zacks Research

Neighborhood Intelligence (NASDAQ:NXH) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

Several other research analysts have also recently weighed in on the stock. Weiss Ratings cut shares of Neighborhood Intelligence from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, October 6th. Maxim Group downgraded shares of Neighborhood Intelligence from a “buy” rating to a “hold” rating in a research report on Monday. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Neighborhood Intelligence presently has a consensus rating of “Reduce”.

Neighborhood Intelligence Price Performance

NXH opened at $1.36 on Monday. The company has a quick ratio of 0.45, a current ratio of 0.92 and a debt-to-equity ratio of 0.73. The stock has a market cap of $149.63 million, a P/E ratio of -1.01 and a beta of 3.04. The business’s fifty day moving average price is $2.46. Neighborhood Intelligence has a 1 year low of $1.29 and a 1 year high of $7.72.

Neighborhood Intelligence (NASDAQ:NXH) last posted its earnings results on Thursday, November 5th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.10). The firm had revenue of $509.31 million during the quarter. Neighborhood Intelligence had a negative return on equity of 40.27% and a negative net margin of 7.40%. As a group, equities analysts anticipate that Neighborhood Intelligence will post -0.93 EPS for the current year.

Institutional Trading of Neighborhood Intelligence

Institutional investors and hedge funds have recently modified their holdings of the business. Royce & Associates LP bought a new stake in Neighborhood Intelligence during the third quarter worth $1,360,000. Corient Private Wealth LP purchased a new position in Neighborhood Intelligence in the second quarter worth $892,000. HighTower Advisors LLC purchased a new position in Neighborhood Intelligence in the third quarter worth $411,000. Signaturefd LLC bought a new position in Neighborhood Intelligence in the 3rd quarter valued at $150,000. Finally, Wedbush Securities Inc. bought a new position in Neighborhood Intelligence in the 3rd quarter valued at $107,000. 76.30% of the stock is owned by hedge funds and other institutional investors.

About Neighborhood Intelligence

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.