NextNav (NASDAQ:NN) Issues Earnings Results, Misses Estimates By $0.10 EPS

NextNav (NASDAQ:NN) issued its quarterly earnings data on Wednesday. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.10), Zacks reports. NextNav had a negative return on equity of 128.95% and a negative net margin of 1,732.92%.

NextNav Stock Performance

Shares of NN opened at $10.27 on Thursday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 5.01 and a current ratio of 5.01. The stock has a market capitalization of $1.34 billion, a P/E ratio of -13.69 and a beta of 1.17. The company’s fifty day moving average is $12.10 and its two-hundred day moving average is $11.86. NextNav has a 1 year low of $3.95 and a 1 year high of $18.54.

Wall Street Analysts Forecast Growth

Separately, B. Riley lifted their target price on shares of NextNav from $12.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 14th.

Insider Buying and Selling at NextNav

In other NextNav news, CFO Christian D. Gates sold 3,918 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $17.65, for a total value of $69,152.70. Following the completion of the transaction, the chief financial officer now directly owns 815,722 shares of the company’s stock, valued at approximately $14,397,493.30. This trade represents a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Arun Raghupathy sold 3,332 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $18.32, for a total transaction of $61,042.24. Following the completion of the transaction, the senior vice president now directly owns 1,087,019 shares of the company’s stock, valued at approximately $19,914,188.08. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,908 shares of company stock valued at $141,851. 11.30% of the stock is owned by company insiders.

About NextNav

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.