Neighborhood Intelligence (NASDAQ:NXH) Stock Falls 1.3% - What's Next?

Key Points

• Neighborhood Intelligence shares fell 1.3% to $1.58, with trading volume 28% above the average session level.
• Analyst sentiment remains negative: Weiss Ratings cut its rating to “sell,” Zacks Research downgraded the stock to “strong sell,” and the consensus rating is “Sell.”
• The company reported a quarterly loss of $0.53 per share on $361.16 million in revenue, while analysts expect a full-year loss of $0.93 per share; institutional investors own 76.3% of the stock.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on NXH shares. Weiss Ratings lowered shares of Neighborhood Intelligence from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Tuesday, October 6th. Zacks Research downgraded shares of Neighborhood Intelligence from a "hold" rating to a "strong sell" rating in a report on Monday, October 5th. Two analysts have rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has a consensus rating of "Sell".

Neighborhood Intelligence Trading Down 1.3%

The firm has a 50 day simple moving average of $2.81. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.59 and a current ratio of 0.76. The firm has a market cap of $155.96 million, a price-to-earnings ratio of -1.39 and a beta of 3.01.

Neighborhood Intelligence (NASDAQ:NXH - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported ($0.53) EPS for the quarter. The company had revenue of $361.16 million during the quarter. Neighborhood Intelligence had a negative return on equity of 37.60% and a negative net margin of 7.13%. Equities research analysts expect that Neighborhood Intelligence, Inc will post -0.93 earnings per share for the current fiscal year.

Institutional Trading of Neighborhood Intelligence

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Partners Wealth Management LLC bought a new position in shares of Neighborhood Intelligence during the 3rd quarter valued at approximately $29,000. Pinnacle Wealth Planning Services Inc. purchased a new stake in Neighborhood Intelligence in the 3rd quarter worth approximately $66,000. Wedbush Securities Inc. bought a new stake in Neighborhood Intelligence during the 3rd quarter worth approximately $107,000. Signaturefd LLC purchased a new position in Neighborhood Intelligence during the third quarter valued at approximately $150,000. Finally, Corient Private Wealth LP purchased a new position in Neighborhood Intelligence during the second quarter valued at approximately $892,000. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.