B. Riley Has Negative Forecast for NextNav FY2025 Earnings

Key Points

• B. Riley has revised NextNav's FY2025 earnings estimate downward to ($0.74) per share from a previous estimate of ($0.61).
• NextNav reported quarterly earnings of ($0.30) per share, which missed analyst expectations by ($0.16).
• CEO Mariam Sorond sold 69,853 shares of NextNav, reducing her ownership by 4.51% after the sale.

NextNav Inc. (NASDAQ:NN - Free Report) - Research analysts at B. Riley decreased their FY2025 earnings per share estimates for shares of NextNav in a report issued on Thursday, August 7th. B. Riley analyst M. Crawford now forecasts that the company will post earnings per share of ($0.74) for the year, down from their previous forecast of ($0.61). The consensus estimate for NextNav's current full-year earnings is ($0.74) per share. B. Riley also issued estimates for NextNav's FY2026 earnings at ($0.71) EPS.

NextNav Price Performance

Shares of NN traded down $0.39 during trading hours on Monday, reaching $14.46. 153,666 shares of the company's stock traded hands, compared to its average volume of 1,332,092. The stock has a market cap of $1.93 billion, a PE ratio of -11.21 and a beta of 1.04. The company has a current ratio of 14.97, a quick ratio of 14.97 and a debt-to-equity ratio of 32.42. The firm's 50 day simple moving average is $14.76 and its 200-day simple moving average is $12.99. NextNav has a 12 month low of $6.47 and a 12 month high of $18.54.

NextNav (NASDAQ:NN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.16). NextNav had a negative return on equity of 556.83% and a negative net margin of 2,678.59%. The firm had revenue of $1.20 million during the quarter, compared to analysts' expectations of $1.59 million.

Insider Activity

In other NextNav news, CEO Mariam Sorond sold 69,853 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $14.38, for a total value of $1,004,486.14. Following the completion of the sale, the chief executive officer owned 1,480,505 shares of the company's stock, valued at $21,289,661.90. This represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 7.70% of the company's stock.

Hedge Funds Weigh In On NextNav

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC grew its position in NextNav by 25.7% during the 4th quarter. LPL Financial LLC now owns 159,103 shares of the company's stock valued at $2,476,000 after purchasing an additional 32,564 shares during the last quarter. JPMorgan Chase & Co. grew its position in NextNav by 23.4% during the 4th quarter. JPMorgan Chase & Co. now owns 40,225 shares of the company's stock valued at $626,000 after purchasing an additional 7,637 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of NextNav by 2.3% during the fourth quarter. Alliancebernstein L.P. now owns 87,760 shares of the company's stock valued at $1,366,000 after buying an additional 2,010 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of NextNav by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 1,731,051 shares of the company's stock valued at $26,941,000 after buying an additional 39,543 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of NextNav by 52.3% during the fourth quarter. Wells Fargo & Company MN now owns 38,031 shares of the company's stock valued at $592,000 after buying an additional 13,066 shares during the last quarter. Institutional investors own 79.16% of the company's stock.

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.