B. Riley Has Negative Forecast for NextNav FY2026 Earnings

NextNav Inc. (NASDAQ:NN - Free Report) - Equities research analysts at B. Riley lowered their FY2026 EPS estimates for NextNav in a report issued on Tuesday, May 6th. B. Riley analyst M. Crawford now forecasts that the company will post earnings of ($0.58) per share for the year, down from their previous forecast of ($0.57). The consensus estimate for NextNav's current full-year earnings is ($0.74) per share.

NextNav (NASDAQ:NN - Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The company reported ($0.25) earnings per share for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.10). NextNav had a negative return on equity of 128.95% and a negative net margin of 1,732.92%. The firm had revenue of $1.91 million during the quarter, compared to the consensus estimate of $1.73 million.

NextNav Stock Up 4.3 %

NASDAQ:NN opened at $13.80 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 5.01 and a quick ratio of 5.01. NextNav has a 1-year low of $6.47 and a 1-year high of $18.54. The company's fifty day moving average price is $11.88 and its 200-day moving average price is $13.14. The firm has a market capitalization of $1.83 billion, a P/E ratio of -18.39 and a beta of 1.03.

Insider Buying and Selling at NextNav

In related news, CAO Sammaad Shams sold 4,005 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $11.21, for a total value of $44,896.05. Following the sale, the chief accounting officer now owns 81,100 shares of the company's stock, valued at $909,131. This trade represents a 4.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Christian D. Gates sold 5,730 shares of NextNav stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $11.24, for a total transaction of $64,405.20. Following the completion of the transaction, the chief financial officer now directly owns 857,206 shares in the company, valued at approximately $9,634,995.44. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,705 shares of company stock valued at $816,495 in the last three months. 7.70% of the stock is owned by corporate insiders.

Institutional Trading of NextNav

Hedge funds and other institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd bought a new position in NextNav in the first quarter valued at approximately $430,000. LPL Financial LLC raised its holdings in NextNav by 8.0% in the 1st quarter. LPL Financial LLC now owns 171,821 shares of the company's stock valued at $2,091,000 after buying an additional 12,718 shares during the last quarter. Greenhaven Road Investment Management L.P. acquired a new stake in NextNav during the 1st quarter worth about $730,000. General American Investors Co. Inc. grew its position in NextNav by 31.0% in the 1st quarter. General American Investors Co. Inc. now owns 1,120,227 shares of the company's stock valued at $13,633,000 after purchasing an additional 265,227 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of NextNav by 27.8% in the 1st quarter. Arizona State Retirement System now owns 18,709 shares of the company's stock worth $228,000 after buying an additional 4,064 shares during the last quarter. 79.16% of the stock is currently owned by institutional investors and hedge funds.

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.

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