Key Points
- CEO Mariam Sorond sold 69,853 shares on Dec. 2 at an average price of $13.82 for a total of $965,368, leaving her with 1,340,799 shares (a 4.95% reduction in her position).
- NextNav is still unprofitable: it reported ($0.12) EPS for the quarter (beating estimates) but missed revenue at $0.89M, has extreme negative margins, a market cap of $1.96B and a 12‑month range of $9.05–$18.54.
- Analysts lean negative (average rating: "Reduce") while institutional investors own about 79.16% of the stock.
NextNav Inc. (NASDAQ:NN - Get Free Report) CEO Mariam Sorond sold 69,853 shares of NextNav stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $13.82, for a total transaction of $965,368.46. Following the completion of the transaction, the chief executive officer owned 1,340,799 shares of the company's stock, valued at $18,529,842.18. The trade was a 4.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
NextNav Stock Performance
Shares of NN stock opened at $14.54 on Thursday. The firm's 50 day moving average is $13.36 and its 200 day moving average is $14.42. The stock has a market capitalization of $1.96 billion, a P/E ratio of -11.18 and a beta of 0.99. NextNav Inc. has a 12 month low of $9.05 and a 12 month high of $18.54. The company has a current ratio of 11.53, a quick ratio of 11.54 and a debt-to-equity ratio of 32.42.
NextNav (NASDAQ:NN - Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.12) earnings per share for the quarter, beating analysts' consensus estimates of ($0.14) by $0.02. The business had revenue of $0.89 million during the quarter, compared to analyst estimates of $1.13 million. NextNav had a negative net margin of 3,109.88% and a negative return on equity of 556.83%. On average, sell-side analysts anticipate that NextNav Inc. will post -0.74 earnings per share for the current year.
Institutional Trading of NextNav
Hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of NextNav by 1.5% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,253 shares of the company's stock valued at $733,000 after buying an additional 714 shares during the last quarter. ProShare Advisors LLC boosted its holdings in NextNav by 4.4% during the 2nd quarter. ProShare Advisors LLC now owns 18,056 shares of the company's stock valued at $274,000 after acquiring an additional 765 shares during the period. Nisa Investment Advisors LLC boosted its holdings in NextNav by 7.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 11,494 shares of the company's stock valued at $175,000 after acquiring an additional 826 shares during the period. Ameritas Investment Partners Inc. grew its position in NextNav by 11.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,990 shares of the company's stock worth $137,000 after acquiring an additional 892 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in NextNav by 15.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,888 shares of the company's stock worth $105,000 after purchasing an additional 898 shares during the period. 79.16% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
NN has been the topic of a number of analyst reports. Wall Street Zen lowered NextNav from a "hold" rating to a "sell" rating in a research note on Sunday, November 16th. Weiss Ratings reiterated a "sell (d-)" rating on shares of NextNav in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of NextNav from a "strong sell" rating to a "hold" rating in a report on Monday, October 6th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce".
Check Out Our Latest Analysis on NextNav
About NextNav
(
Get Free Report)
NextNav Inc provides next generation positioning, navigation, and timing (PNT) solutions in the United States. It offers Pinnacle, a dedicated vertical positioning network to cover entire metropolitan areas including devices equipped with a barometric pressure sensor with the highest quality wide-area altitude service.
Further Reading
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