NextNav (NASDAQ:NN) Stock Price Up 5.5% – Still a Buy?

NextNav Inc. (NASDAQ:NN)’s share price rose 5.5% on Wednesday . The stock traded as high as $15.27 and last traded at $15.1190. Approximately 529,435 shares traded hands during trading, a decline of 63% from the average daily volume of 1,449,546 shares. The stock had previously closed at $14.33.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Zacks Research raised shares of NextNav from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of NextNav in a research report on Thursday, January 22nd. Finally, Wall Street Zen raised shares of NextNav from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, NextNav presently has an average rating of “Reduce”.

NextNav Price Performance

The company’s fifty day moving average price is $15.62 and its 200 day moving average price is $15.01.

NextNav (NASDAQ:NN) last posted its earnings results on Thursday, November 6th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.02. NextNav had a negative return on equity of 556.83% and a negative net margin of 3,109.88%.The company had revenue of $0.89 million during the quarter, compared to analyst estimates of $1.13 million. Analysts anticipate that NextNav Inc. will post -0.74 earnings per share for the current fiscal year.

Insider Activity

In other NextNav news, major shareholder Joseph D. Samberg acquired 58,457 shares of NextNav stock in a transaction dated Friday, November 21st. The stock was acquired at an average cost of $11.86 per share, for a total transaction of $693,300.02. Following the completion of the transaction, the insider owned 9,745,600 shares in the company, valued at approximately $115,582,816. This represents a 0.60% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Mariam Sorond sold 69,853 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $13.82, for a total transaction of $965,368.46. Following the completion of the sale, the chief executive officer directly owned 1,340,799 shares of the company’s stock, valued at approximately $18,529,842.18. This represents a 4.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 671,544 shares of company stock valued at $8,402,907. Insiders own 7.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NN. Keybank National Association OH acquired a new position in NextNav in the 4th quarter valued at approximately $378,000. M&T Bank Corp raised its holdings in NextNav by 17.1% during the fourth quarter. M&T Bank Corp now owns 12,906 shares of the company’s stock valued at $215,000 after buying an additional 1,887 shares in the last quarter. UBS Group AG lifted its holdings in NextNav by 35.0% in the 4th quarter. UBS Group AG now owns 1,991,825 shares of the company’s stock worth $33,144,000 after purchasing an additional 516,045 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of NextNav by 9.0% in the fourth quarter. Vanguard Group Inc. now owns 6,932,757 shares of the company’s stock worth $115,361,000 after buying an additional 573,214 shares during the last quarter. Finally, Leelyn Smith LLC bought a new stake in NextNav during the fourth quarter valued at about $339,000. 79.16% of the stock is owned by institutional investors and hedge funds.

About NextNav

NextNav, Inc is a provider of advanced 3D geolocation infrastructure and positioning services in the United States. The company operates a nationwide network designed to deliver real-time horizontal and vertical location data for consumer, enterprise and public safety applications. By leveraging spectrum holdings in the 900 MHz band, NextNav’s network offers precise altitude and position information that complements GPS and other satellite systems, particularly in urban canyons, indoors or underground environments where traditional signals struggle.

At the core of NextNav’s offering is its TerraPoiNT platform, which enables developers, carriers and emergency response centers to integrate high-accuracy vertical location into their applications and workflows.