$810,000.00 in Sales Expected for NextNav Inc. (NASDAQ:NN) This Quarter

Analysts predict that NextNav Inc. (NASDAQ:NNGet Rating) will post sales of $810,000.00 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for NextNav’s earnings. The highest sales estimate is $1.00 million and the lowest is $620,000.00. The firm is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that NextNav will report full-year sales of $17.52 million for the current financial year, with estimates ranging from $15.00 million to $20.04 million. For the next year, analysts expect that the firm will report sales of $68.57 million, with estimates ranging from $60.00 million to $77.14 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover NextNav.

Separately, R. F. Lafferty assumed coverage on shares of NextNav in a research report on Thursday, January 6th. They issued a “buy” rating and a $16.00 target price for the company.

Shares of NASDAQ NN traded up $0.01 during mid-day trading on Monday, reaching $7.50. The company’s stock had a trading volume of 138,466 shares, compared to its average volume of 102,163. The business has a 50-day simple moving average of $7.03. NextNav has a 1-year low of $5.64 and a 1-year high of $15.32.

A number of institutional investors have recently added to or reduced their stakes in the stock. Penserra Capital Management LLC purchased a new position in NextNav during the fourth quarter worth about $34,000. B. Riley Financial Inc. acquired a new position in shares of NextNav in the 4th quarter valued at $88,000. Bank of America Corp DE acquired a new position in shares of NextNav in the 4th quarter valued at $88,000. Victory Capital Management Inc. acquired a new position in shares of NextNav in the 4th quarter valued at $91,000. Finally, Yakira Capital Management Inc. purchased a new position in NextNav in the 4th quarter valued at $103,000.

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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