Nelnet - NNI Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nelnet in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" NNI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NNI, but not buy additional shares or sell existing shares.
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1 brokerages have issued 12 month price objectives for Nelnet's shares. Their NNI share price forecasts range from $88.00 to $88.00. On average, they anticipate the company's share price to reach $88.00 in the next twelve months. This suggests a possible upside of 11.2% from the stock's current price.
View analysts price targets for NNI or view top-rated stocks among Wall Street analysts.

Nelnet's stock was trading at $97.68 at the beginning of 2022. Since then, NNI shares have decreased by 19.0% and is now trading at $79.13.
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Nelnet saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 382,100 shares, an increase of 24.1% from the August 15th total of 307,800 shares. Based on an average daily trading volume, of 81,700 shares, the days-to-cover ratio is currently 4.7 days. Currently, 2.9% of the shares of the company are sold short.
View Nelnet's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
View our NNI earnings forecast.

Nelnet, Inc. (NYSE:NNI) issued its earnings results on Monday, November, 8th. The credit services provider reported $1.23 earnings per share for the quarter, missing analysts' consensus estimates of $1.68 by $0.45. The credit services provider earned $286.66 million during the quarter. Nelnet had a net margin of 26.48% and a trailing twelve-month return on equity of 9.14%.

Nelnet announced a quarterly dividend on Tuesday, August 9th. Shareholders of record on Thursday, September 1st will be paid a dividend of $0.24 per share on Thursday, September 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Wednesday, August 31st.
Read our dividend analysis for NNI.

Nelnet (NYSE:NNI) pays an annual dividend of $0.96 per share and currently has a dividend yield of 1.20%. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 7.99%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for NNI.

187 employees have rated Nelnet Chief Executive Officer Mike Dunlap on Glassdoor.com. Mike Dunlap has an approval rating of 83% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Nelnet investors own include Altria Group (MO), Exxon Mobil (XOM), Consolidated Edison (ED), Enbridge (ENB), Edwards Lifesciences (EW), International Business Machines (IBM), MetLife (MET), Pfizer (PFE), Shaw Communications (SJR) and AT&T (T).

Nelnet trades on the New York Stock Exchange (NYSE) under the ticker symbol "NNI."

Nelnet's stock is owned by a variety of retail and institutional investors. Top institutional investors include Farmers & Merchants Investments Inc. (4.11%), State Street Corp (0.88%), Northern Trust Corp (0.70%), JPMorgan Chase & Co. (0.50%), FMR LLC (0.39%) and Goldman Sachs Group Inc. (0.31%). Insiders that own company stock include Michael S Dunlap, Shelby J Butterfield, Shelby J Butterfield, William J Munn and William J Munn.
View institutional ownership trends.

Shares of NNI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NNI stock can currently be purchased for approximately $79.13.

Nelnet (NYSE:NNI) has a market capitalization of $2.94 billion and generates $1.50 billion in revenue each year. The credit services provider earns $393.29 million in net income (profit) each year or $12.01 on an earnings per share basis.

The company employs 7,988 workers across the globe.

Nelnet's mailing address is 121 SOUTH 13TH STREET SUITE 100, LINCOLN NE, 68508. The official website for the company is www.nelnet.com. The credit services provider can be reached via phone at (402) 458-2370, via email at investorrelations@nelnet.net, or via fax at 402-458-2344.