Navan, Inc. (NASDAQ:NAVN) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Navan, Inc. (NASDAQ:NAVN) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $28.6429.

Several brokerages have issued reports on NAVN. Jefferies Financial Group upped their price target on shares of Navan from $18.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Morgan Stanley upped their target price on shares of Navan from $25.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. Citizens Jmp lifted their price target on shares of Navan from $31.00 to $38.00 and gave the stock a “market outperform” rating in a report on Thursday, June 11th. Weiss Ratings raised shares of Navan from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, June 12th. Finally, The Goldman Sachs Group raised shares of Navan from a “buy” rating to a “buy” rating in a research note on Monday, June 8th.

Insiders Place Their Bets

In other Navan news, President Michael Eric Sindicich sold 51,169 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $20.20, for a total value of $1,033,613.80. Following the sale, the president directly owned 549,251 shares of the company’s stock, valued at approximately $11,094,870.20. This trade represents a 8.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Arif Janmohamed sold 1,019,900 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $20.00, for a total transaction of $20,398,000.00. Following the transaction, the director owned 3,761,089 shares in the company, valued at approximately $75,221,780. The trade was a 21.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 5,130,170 shares of company stock worth $102,639,611. 63.39% of the stock is owned by company insiders.

Institutional Investors Weigh In On Navan

A number of institutional investors have recently added to or reduced their stakes in NAVN. Versant Capital Management Inc lifted its position in shares of Navan by 23.2% during the second quarter. Versant Capital Management Inc now owns 5,785 shares of the company’s stock worth $132,000 after purchasing an additional 1,091 shares in the last quarter. Royal Bank of Canada acquired a new position in shares of Navan in the fourth quarter worth about $35,000. California State Teachers Retirement System acquired a new stake in Navan during the 4th quarter valued at approximately $39,000. Russell Investments Group Ltd. acquired a new position in shares of Navan in the 4th quarter valued at approximately $51,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Navan during the first quarter worth approximately $71,000.

Navan Price Performance

NAVN traded up $1.32 on Tuesday, hitting $27.62. 2,735,149 shares of the company were exchanged, compared to its average volume of 3,216,325. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.31 and a current ratio of 4.31. The business’s fifty day moving average is $20.41 and its 200 day moving average is $15.44. Navan has a fifty-two week low of $8.10 and a fifty-two week high of $27.98. The firm has a market capitalization of $7.03 billion and a P/E ratio of -12.86.

Navan (NASDAQ:NAVN) last announced its quarterly earnings results on Wednesday, June 10th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.12) by $0.20. The firm had revenue of $220.23 million for the quarter. The business’s revenue for the quarter was up 39.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Navan will post -0.37 EPS for the current year.

Navan Company Profile

Navan (NASDAQ: NAVN) is a technology company that provides an integrated platform for corporate travel, expense management and business payments. The company combines online travel booking and itinerary management with expense reporting, corporate card services and payment processing to help organizations consolidate travel and T&E (travel and expense) workflows into a single system. Navan emphasizes a mobile-first user experience, automated reconciliation and policy controls to simplify administrative processes for finance and travel teams while improving the experience for travelers.

Navan’s offerings typically include online and mobile travel booking, real-time traveler support and duty-of-care features, automated expense capture and reporting, corporate card and virtual card issuance, and tools for payments and invoice management.