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

Key Points

• Zacks Research upgraded Neighborhood Intelligence from “strong sell” to “hold,” while other analyst opinions remain mixed; MarketBeat reports an average rating of “Reduce.”
• Shares fell 9.9% and opened at $1.36, near the stock’s 12-month low of $1.29.
• The company reported a quarterly loss of $0.28 per share, missing the $0.18 loss analysts expected; revenue was $509.31 million.

Neighborhood Intelligence (NASDAQ:NXH - Get Free Report) was upgraded by research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued on Monday, Zacks reports.

Other equities analysts have also issued reports about the company. Maxim Group lowered Neighborhood Intelligence from a "buy" rating to a "hold" rating in a research note on Monday. Weiss Ratings downgraded shares of Neighborhood Intelligence from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Tuesday, October 6th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Reduce".

Neighborhood Intelligence Stock Down 9.9%

Shares of NXH opened at $1.36 on Monday. Neighborhood Intelligence has a twelve month low of $1.29 and a twelve month 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. The business has a fifty day moving average price of $2.46.

Neighborhood Intelligence (NASDAQ:NXH - Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The company reported ($0.28) earnings per share (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 net margin of 7.40% and a negative return on equity of 40.27%. On average, sell-side analysts predict that Neighborhood Intelligence will post -0.93 earnings per share for the current year.

Hedge Funds Weigh In On Neighborhood Intelligence

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Partners Wealth Management LLC acquired a new stake in Neighborhood Intelligence in the 3rd quarter valued at $29,000. ProShare Advisors LLC acquired a new position in shares of Neighborhood Intelligence during the third quarter worth about $33,000. Uhlmann Price Securities LLC acquired a new position in shares of Neighborhood Intelligence during the third quarter worth about $33,000. Private Advisor Group LLC purchased a new stake in shares of Neighborhood Intelligence in the third quarter worth about $41,000. Finally, Voya Investment Management LLC purchased a new stake in shares of Neighborhood Intelligence in the third quarter worth about $49,000. Institutional investors and hedge funds 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.

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