Neighborhood Intelligence (NASDAQ:NXH) Announces Earnings Results

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

Neighborhood Intelligence Price Performance

Shares of NASDAQ:NXH traded down $0.01 during midday trading on Friday, reaching $1.66. The company’s stock had a trading volume of 5,308,506 shares, compared to its average volume of 5,659,291. The stock’s fifty day simple moving average is $2.56. The company has a quick ratio of 0.59, a current ratio of 0.76 and a debt-to-equity ratio of 0.06. Neighborhood Intelligence has a fifty-two week low of $1.32 and a fifty-two week high of $7.72. The company has a market capitalization of $163.86 million, a P/E ratio of -1.23 and a beta of 3.04.

Analysts Set New Price Targets

Several brokerages have recently commented on NXH. Zacks Research downgraded shares of Neighborhood Intelligence from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. Weiss Ratings downgraded 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 Sell rating. According to data from MarketBeat, Neighborhood Intelligence presently has an average rating of “Sell”.

Institutional Investors Weigh In On Neighborhood Intelligence

A number of hedge funds have recently added to or reduced their stakes in NXH. Partners Wealth Management LLC acquired a new stake in Neighborhood Intelligence in the 3rd quarter valued at about $29,000. ProShare Advisors LLC acquired a new stake in shares of Neighborhood Intelligence in the third quarter valued at approximately $33,000. Uhlmann Price Securities LLC acquired a new stake in shares of Neighborhood Intelligence in the third quarter valued at approximately $33,000. Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of Neighborhood Intelligence in the third quarter valued at approximately $66,000. Finally, Wedbush Securities Inc. bought a new position in Neighborhood Intelligence in the 3rd quarter worth approximately $107,000. Institutional investors own 76.30% of the company’s stock.

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.