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

Zacks Research upgraded shares of Neighborhood Intelligence (NASDAQ:NXH) from a strong sell rating to a hold rating in a report published on Monday,Zacks reports.

A number of other research analysts also recently weighed in on NXH. Maxim Group downgraded Neighborhood Intelligence from a “buy” rating to a “hold” rating in a report on Monday. Weiss Ratings lowered shares of Neighborhood Intelligence from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, October 6th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

Neighborhood Intelligence Trading Down 9.9%

Shares of Neighborhood Intelligence stock opened at $1.36 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.45 and a debt-to-equity ratio of 0.73. The firm’s fifty day moving average is $2.46. The stock has a market cap of $149.63 million, a P/E ratio of -1.01 and a beta of 3.04. Neighborhood Intelligence has a 12-month low of $1.29 and a 12-month high of $7.72.

Neighborhood Intelligence (NASDAQ:NXH) last announced its quarterly 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). Neighborhood Intelligence had a negative net margin of 7.40% and a negative return on equity of 40.27%. The company had revenue of $509.31 million for the quarter. Analysts predict that Neighborhood Intelligence will post -0.93 EPS for the current fiscal 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 shares of Neighborhood Intelligence in the third quarter worth $1,360,000. Corient Private Wealth LP purchased a new position in Neighborhood Intelligence in the 2nd quarter worth approximately $892,000. HighTower Advisors LLC purchased a new position in Neighborhood Intelligence in the 3rd quarter worth approximately $411,000. Signaturefd LLC bought a new position in shares of Neighborhood Intelligence during the 3rd quarter valued at about $150,000. Finally, Wedbush Securities Inc. bought a new position in Neighborhood Intelligence during the third quarter valued at approximately $107,000. Institutional investors own 76.30% of the company’s stock.

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.