Neighborhood Intelligence (NASDAQ:NXH) Stock Price Down 1.3% – Here’s What Happened

Neighborhood Intelligence, Inc (NASDAQ:NXH)’s stock price was down 1.3% during mid-day trading on Wednesday. The stock traded as low as $1.54 and last traded at $1.58. Approximately 3,672,376 shares changed hands during mid-day trading, an increase of 28% from the average session volume of 2,866,973 shares. The stock had previously closed at $1.60.

Wall Street Analysts Forecast Growth

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

Neighborhood Intelligence Stock Performance

The stock has a 50 day moving average of $2.76. The company has a current ratio of 0.76, a quick ratio of 0.59 and a debt-to-equity ratio of 0.06.

Neighborhood Intelligence (NASDAQ:NXH) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.53) earnings per share (EPS) for the quarter. Neighborhood Intelligence had a negative net margin of 7.13% and a negative return on equity of 37.60%. The firm had revenue of $361.16 million for the quarter. On average, analysts forecast that Neighborhood Intelligence, Inc will post -0.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Neighborhood Intelligence

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Corient Private Wealth LP acquired a new position in shares of Neighborhood Intelligence in the 2nd quarter valued at $892,000. Signaturefd LLC acquired a new stake in Neighborhood Intelligence during the 3rd quarter worth $150,000. Wedbush Securities Inc. acquired a new stake in Neighborhood Intelligence during the 3rd quarter worth $107,000. Pinnacle Wealth Planning Services Inc. acquired a new stake in Neighborhood Intelligence during the 3rd quarter worth $66,000. Finally, ProShare Advisors LLC bought a new position in Neighborhood Intelligence during the third quarter worth about $33,000. 76.30% of the stock is owned by 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.