NextNav Inc. (NASDAQ:NN) Expected to Post Earnings of -$0.12 Per Share

Equities analysts forecast that NextNav Inc. (NASDAQ:NNGet Rating) will report earnings per share of ($0.12) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for NextNav’s earnings. The company is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that NextNav will report full year earnings of ($0.46) per share for the current fiscal year. For the next year, analysts expect that the firm will report earnings of ($0.55) per share. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow NextNav.

Separately, R. F. Lafferty assumed coverage on NextNav in a report on Thursday, January 6th. They set a “buy” rating and a $16.00 target price on the stock.

NN stock opened at $7.52 on Friday. NextNav has a fifty-two week low of $5.64 and a fifty-two week high of $15.32. The business has a 50-day moving average of $7.02.

Large investors have recently bought and sold shares of the company. Kepos Capital LP bought a new stake in shares of NextNav during the 4th quarter worth approximately $876,000. Qube Research & Technologies Ltd bought a new position in NextNav in the 4th quarter worth about $214,000. Goldman Sachs Group Inc. purchased a new stake in NextNav in the 4th quarter worth approximately $78,415,000. LMR Partners LLP bought a new position in NextNav during the 4th quarter valued at approximately $193,000. Finally, Whitefort Capital Management LP bought a new stake in shares of NextNav in the fourth quarter worth $358,000.

NextNav Company Profile (Get Rating)

NextNav Inc provides next generation global positioning system (GPS) and 3D geolocation services. The company delivers next generation positioning, navigation, and timing solutions through its network-based Pinnacle and TerraPoiNT solutions. Its Pinnacle 3D geolocation service is commercially available in approximately 4,400 cities and towns in the United States; and its TerraPoiNT terrestrial-based encrypted network has deployments in 51 total markets nationally.

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