Navient (NASDAQ:NAVI) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Navient Corporation (NASDAQ:NAVI)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.68 and traded as low as $8.72. Navient shares last traded at $8.73, with a volume of 1,076,340 shares traded.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Barclays upped their price target on shares of Navient from $7.00 to $8.00 and gave the stock an “underweight” rating in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Navient from $15.00 to $9.00 and set a “hold” rating on the stock in a research note on Thursday, January 29th. Bank of America assumed coverage on shares of Navient in a research note on Monday, April 20th. They issued an “underperform” rating and a $7.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on shares of Navient from $10.50 to $8.50 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Finally, Morgan Stanley dropped their price target on shares of Navient from $12.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. Five research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $9.29.

Navient Stock Up 0.2%

The stock has a market cap of $820.53 million, a PE ratio of -13.86 and a beta of 1.24. The company has a debt-to-equity ratio of 16.49, a quick ratio of 7.67 and a current ratio of 7.67. The company’s 50-day moving average price is $8.49 and its 200 day moving average price is $10.68.

Navient (NASDAQ:NAVI) last released its quarterly earnings results on Wednesday, April 29th. The credit services provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.17 by $0.03. Navient had a negative net margin of 1.94% and a positive return on equity of 4.39%. The firm had revenue of $152.00 million during the quarter, compared to analyst estimates of $141.47 million. During the same quarter in the prior year, the firm earned $0.25 EPS. As a group, analysts forecast that Navient Corporation will post 0.71 EPS for the current fiscal year.

Navient Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 6th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $0.64 annualized dividend and a dividend yield of 7.3%. Navient’s dividend payout ratio is presently -101.59%.

Institutional Investors Weigh In On Navient

Several hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its position in shares of Navient by 70.5% during the 4th quarter. GAMMA Investing LLC now owns 1,978 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 818 shares during the last quarter. CWM LLC grew its stake in shares of Navient by 79.0% during the 3rd quarter. CWM LLC now owns 2,525 shares of the credit services provider’s stock valued at $33,000 after acquiring an additional 1,114 shares during the period. Corient Private Wealth LLC grew its stake in shares of Navient by 6.8% during the 2nd quarter. Corient Private Wealth LLC now owns 18,372 shares of the credit services provider’s stock valued at $259,000 after acquiring an additional 1,168 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Navient by 39.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,228 shares of the credit services provider’s stock valued at $55,000 after acquiring an additional 1,191 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Navient by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 322,085 shares of the credit services provider’s stock valued at $2,635,000 after acquiring an additional 1,354 shares during the period. Hedge funds and other institutional investors own 97.14% of the company’s stock.

About Navient

Navient Corporation (NASDAQ: NAVI) is a specialized provider of asset management and business processing solutions, with a primary focus on student loan servicing. Established in 2014 through the separation from Sallie Mae, Navient assumed responsibility for servicing federal and private education loans, positioning itself as one of the largest servicers of higher education debt in the United States.

The company’s core activities center on federal student loan servicing under contracts with the U.S.