B. Riley Predicts NextNav's FY2025 Earnings (NASDAQ:NN)

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) - Stock analysts at B. Riley cut their FY2025 earnings estimates for NextNav in a research note issued to investors on Thursday, August 7th. B. Riley analyst M. Crawford now forecasts that the company will post earnings of ($0.74) per share for the year, down from their prior 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 (NASDAQ:NN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.16). NextNav had a negative net margin of 2,678.59% and a negative return on equity of 556.83%. The business had revenue of $1.20 million during the quarter, compared to analyst estimates of $1.59 million.

NextNav Price Performance

Shares of NASDAQ NN opened at $13.75 on Monday. The company has a debt-to-equity ratio of 32.42, a current ratio of 14.97 and a quick ratio of 14.97. The business has a 50-day moving average of $14.58 and a 200-day moving average of $12.95. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of -10.66 and a beta of 1.04. NextNav has a fifty-two week low of $6.47 and a fifty-two week high of $18.54.

Insider Buying and Selling at NextNav

In other 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 transaction of $1,004,486.14. Following the sale, the chief executive officer owned 1,480,505 shares in the company, valued at $21,289,661.90. This represents a 4.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 7.70% of the stock is owned by company insiders.

Institutional Trading of NextNav

A number of large investors have recently added to or reduced their stakes in NN. AlphaQuest LLC acquired a new position in shares of NextNav during the 2nd quarter worth approximately $25,000. Russell Investments Group Ltd. increased its holdings in shares of NextNav by 112.5% in the fourth quarter. Russell Investments Group Ltd. now owns 1,923 shares of the company's stock valued at $30,000 after purchasing an additional 1,018 shares during the last quarter. Harbor Investment Advisory LLC increased its holdings in shares of NextNav by 331.0% in the first quarter. Harbor Investment Advisory LLC now owns 2,155 shares of the company's stock valued at $26,000 after purchasing an additional 1,655 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of NextNav in the first quarter valued at about $73,000. Finally, Golden State Wealth Management LLC lifted its stake in shares of NextNav by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 10,000 shares of the company's stock worth $122,000 after buying an additional 5,000 shares during the last quarter. Institutional investors and hedge funds 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.

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