Neighborhood Intelligence (NASDAQ:NXH) Posts Earnings Results, Misses Expectations By $0.10 EPS

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

Neighborhood Intelligence Price Performance

Shares of Neighborhood Intelligence stock traded down $0.03 during trading hours on Friday, reaching $1.65. The company’s stock had a trading volume of 888,621 shares, compared to its average volume of 2,908,291. The business’s 50 day simple moving average is $2.60. Neighborhood Intelligence has a one year low of $1.32 and a one year high of $7.72. 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 stock has a market cap of $162.37 million, a PE ratio of -1.45 and a beta of 3.04.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Uhlmann Price Securities LLC purchased a new stake in Neighborhood Intelligence during the third quarter valued at approximately $33,000. Claro Advisors Inc. lifted its stake in shares of Neighborhood Intelligence by 39.4% in the 3rd quarter. Claro Advisors Inc. now owns 82,653 shares of the company’s stock valued at $243,000 after purchasing an additional 23,375 shares during the last quarter. ProShare Advisors LLC purchased a new position in shares of Neighborhood Intelligence in the 3rd quarter worth approximately $33,000. Partners Wealth Management LLC purchased a new position in shares of Neighborhood Intelligence in the 3rd quarter worth approximately $29,000. Finally, Pinnacle Wealth Planning Services Inc. bought a new position in shares of Neighborhood Intelligence during the 3rd quarter valued at approximately $66,000. 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.