Neighborhood Intelligence (NASDAQ:NXH) Downgraded by Maxim Group to Hold

Key Points

• Maxim Group downgraded Neighborhood Intelligence from Buy to Hold. Other recent analyst cuts leave the stock with an overall Sell rating: one Hold and two Sell ratings.
• The company reported a quarterly loss of $0.28 per share, missing the $0.18 loss analysts expected, on revenue of $509.31 million.
• Shares opened at $1.66, within a 52-week range of $1.32 to $7.72; the company also reported a negative net margin of 7.40%.

Neighborhood Intelligence (NASDAQ:NXH - Get Free Report) was downgraded by investment analysts at Maxim Group from a "buy" rating to a "hold" rating in a report released on Monday, MarketBeat.com reports.

Several other research analysts have also weighed in on NXH. Weiss Ratings lowered shares of Neighborhood Intelligence from a "sell (d-)" rating to a "sell (e+)" rating in a report on Tuesday, October 6th. Zacks Research lowered shares of Neighborhood Intelligence from a "hold" rating to a "strong sell" rating in a research report on Monday, October 5th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Sell".

Neighborhood Intelligence Stock Performance

Neighborhood Intelligence stock opened at $1.66 on Monday. The firm has a market capitalization of $163.86 million, a price-to-earnings ratio of -1.23 and a beta of 3.04. The firm has a fifty day simple moving average of $2.56. Neighborhood Intelligence has a 52 week low of $1.32 and a 52 week high of $7.72. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.92 and a quick ratio of 0.45.

Neighborhood Intelligence (NASDAQ:NXH - Get Free Report) last released its earnings results on Thursday, November 5th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.10). The business 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%. As a group, equities analysts predict that Neighborhood Intelligence will post -0.93 EPS for the current year.

Institutional Investors Weigh In On Neighborhood Intelligence

Several institutional investors have recently bought and sold shares of the business. Corient Private Wealth LP purchased a new position in shares of Neighborhood Intelligence in the 2nd quarter valued at $892,000. Signaturefd LLC acquired a new position in shares of Neighborhood Intelligence during the 3rd quarter valued at $150,000. Wedbush Securities Inc. acquired a new position in shares of Neighborhood Intelligence during the 3rd quarter valued at $107,000. Claro Advisors Inc. boosted its position in Neighborhood Intelligence by 39.4% during the 3rd quarter. Claro Advisors Inc. now owns 82,653 shares of the company's stock worth $243,000 after purchasing an additional 23,375 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. purchased a new stake in Neighborhood Intelligence during the 3rd quarter worth $66,000. 76.30% of the stock is currently 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.

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