NextNav (NASDAQ:NN) Releases Quarterly Earnings Results, Misses Expectations By $0.10 EPS

NextNav (NASDAQ:NN - Get Free Report) released its quarterly earnings results on Wednesday. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.10), Zacks reports. NextNav had a negative return on equity of 128.95% and a negative net margin of 1,732.92%.

NextNav Stock Performance

NN traded up $0.11 during trading on Wednesday, reaching $10.27. 1,124,790 shares of the company's stock were exchanged, compared to its average volume of 1,355,519. NextNav has a fifty-two week low of $3.95 and a fifty-two week high of $18.54. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $1.34 billion, a P/E ratio of -13.69 and a beta of 1.17. The business has a 50 day moving average price of $12.20 and a 200 day moving average price of $11.88.

Analysts Set New Price Targets

Separately, B. Riley upped their price target on shares of NextNav from $12.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, November 14th.

Insiders Place Their Bets

In other news, SVP Arun Raghupathy sold 3,332 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $18.32, for a total value of $61,042.24. Following the transaction, the senior vice president now directly owns 1,087,019 shares of the company's stock, valued at $19,914,188.08. The trade was a 0.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Christian D. Gates sold 3,918 shares of the firm's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $17.65, for a total value of $69,152.70. Following the sale, the chief financial officer now directly owns 815,722 shares of the company's stock, valued at $14,397,493.30. This represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,908 shares of company stock worth $141,851 over the last quarter. Company insiders own 11.30% 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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