NextNav (NN) Set to Announce Earnings on Wednesday

NextNav (NASDAQ:NN) will be issuing its quarterly earnings data after the market closes on Wednesday, March 13th. Analysts expect the company to announce earnings of ($0.14) per share for the quarter.

NextNav Stock Performance

Shares of NN traded up $0.08 during mid-day trading on Thursday, reaching $3.72. The company had a trading volume of 127,182 shares, compared to its average volume of 744,373. The stock has a market capitalization of $409.80 million, a P/E ratio of -5.89 and a beta of 1.28. NextNav has a 52-week low of $1.59 and a 52-week high of $6.07. The stock has a 50 day moving average of $4.16 and a two-hundred day moving average of $4.46. The company has a quick ratio of 9.12, a current ratio of 9.12 and a debt-to-equity ratio of 0.56.

Insider Activity at NextNav

In related news, major shareholder Joseph D. Samberg purchased 150,000 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were purchased at an average cost of $3.86 per share, with a total value of $579,000.00. Following the purchase, the insider now owns 9,350,000 shares of the company’s stock, valued at approximately $36,091,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other NextNav news, major shareholder Joseph D. Samberg bought 150,000 shares of the company’s stock in a transaction dated Friday, January 19th. The stock was acquired at an average price of $3.86 per share, with a total value of $579,000.00. Following the completion of the acquisition, the insider now directly owns 9,350,000 shares of the company’s stock, valued at $36,091,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David L. Knutson sold 20,000 shares of the stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $5.01, for a total transaction of $100,200.00. Following the completion of the sale, the senior vice president now owns 655,659 shares of the company’s stock, valued at $3,284,851.59. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,121 shares of company stock valued at $104,859. 15.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. purchased a new position in shares of NextNav during the 4th quarter worth $129,000. Legal & General Group Plc increased its position in shares of NextNav by 320.2% during the fourth quarter. Legal & General Group Plc now owns 25,562 shares of the company’s stock valued at $114,000 after acquiring an additional 19,478 shares during the last quarter. Barclays PLC increased its position in shares of NextNav by 23.8% during the fourth quarter. Barclays PLC now owns 333,875 shares of the company’s stock valued at $1,486,000 after acquiring an additional 64,260 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of NextNav by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 2,351,121 shares of the company’s stock worth $10,462,000 after acquiring an additional 35,058 shares during the last quarter. Finally, Whitebox Advisors LLC purchased a new stake in NextNav in the fourth quarter valued at approximately $603,000. Hedge funds and other institutional investors own 68.09% 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, which is based on three primary components comprising an altitude station network, device software, and secure cloud services platform.