Navan (NASDAQ:NAVN) Stock Price Expected to Rise, Oppenheimer Analyst Says

Navan (NASDAQ:NAVN) had its price target boosted by stock analysts at Oppenheimer from $20.00 to $28.00 in a report released on Friday, Marketbeat.com reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price objective would indicate a potential upside of 25.79% from the company’s previous close.

NAVN has been the topic of a number of other reports. Rosenblatt Securities decreased their target price on Navan from $30.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. Morgan Stanley increased their price objective on shares of Navan from $20.00 to $25.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group upped their price target on shares of Navan from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, March 27th. Weiss Ratings upgraded Navan from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 7th. Finally, Citigroup lowered their target price on Navan from $26.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Navan presently has an average rating of “Moderate Buy” and an average target price of $23.36.

Navan Price Performance

Shares of NAVN stock opened at $22.26 on Friday. The firm has a market capitalization of $5.58 billion and a PE ratio of -10.65. The company has a fifty day moving average price of $16.50. Navan has a one year low of $8.10 and a one year high of $23.53. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.10.

Navan (NASDAQ:NAVN) last issued its earnings results on Wednesday, March 25th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.26. The firm had revenue of $177.92 million during the quarter. Navan’s quarterly revenue was up 34.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Navan will post -0.33 EPS for the current fiscal year.

Insider Activity at Navan

In related news, CEO Ariel M. Cohen sold 151,007 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $8.62, for a total value of $1,301,680.34. Following the completion of the sale, the chief executive officer directly owned 1,003,918 shares in the company, valued at approximately $8,653,773.16. The trade was a 13.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Ilan Ezra Twig sold 49,210 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $8.62, for a total value of $424,190.20. Following the transaction, the chief technology officer owned 538,012 shares in the company, valued at approximately $4,637,663.44. This trade represents a 8.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 253,592 shares of company stock worth $2,778,500. Company insiders own 63.39% of the company’s stock.

Hedge Funds Weigh In On Navan

Hedge funds have recently bought and sold shares of the company. CTC Alternative Strategies Ltd. acquired a new position in shares of Navan in the 1st quarter valued at approximately $177,000. Bank of America Corp DE increased its stake in Navan by 733.7% in the first quarter. Bank of America Corp DE now owns 210,524 shares of the company’s stock valued at $2,787,000 after acquiring an additional 185,271 shares during the last quarter. Janus Henderson Group PLC acquired a new position in Navan during the first quarter valued at approximately $367,000. Sunbelt Securities Inc. bought a new stake in Navan during the first quarter worth $71,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Navan by 160.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 38,212 shares of the company’s stock valued at $506,000 after purchasing an additional 23,534 shares in the last quarter.

About Navan

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.