Zacks Research Upgrades Neighborhood Intelligence (NASDAQ:NXH) to Hold

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

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

Neighborhood Intelligence Trading Down 9.9%

NXH opened at $1.36 on Monday. The firm’s 50 day moving average price is $2.46. Neighborhood Intelligence has a 52-week low of $1.29 and a 52-week high of $7.72. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.45 and a current ratio of 0.92.

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

Institutional Investors Weigh In On Neighborhood Intelligence

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royce & Associates LP acquired a new position in shares of Neighborhood Intelligence in the 3rd quarter valued at approximately $1,360,000. Corient Private Wealth LP purchased a new position in shares of Neighborhood Intelligence during the 2nd quarter valued at approximately $892,000. HighTower Advisors LLC acquired a new stake in shares of Neighborhood Intelligence during the third quarter worth approximately $411,000. Signaturefd LLC acquired a new stake in shares of Neighborhood Intelligence during the third quarter worth approximately $150,000. Finally, Wedbush Securities Inc. acquired a new stake in shares of Neighborhood Intelligence during the third quarter worth approximately $107,000. 76.30% of the stock is currently owned by hedge funds and other institutional investors.

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.