NextNav (NASDAQ:NN) Raised to “Hold” at Wall Street Zen

NextNav (NASDAQ:NN) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of NextNav in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce”.

NextNav Stock Performance

Shares of NN stock opened at $16.33 on Friday. The stock’s fifty day moving average is $15.79 and its two-hundred day moving average is $15.21. The firm has a market capitalization of $2.20 billion, a P/E ratio of -12.56 and a beta of 0.96. NextNav has a fifty-two week low of $9.48 and a fifty-two week high of $18.25.

Insider Activity at NextNav

In other NextNav news, CAO Sammaad Shams sold 1,576 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $16.24, for a total transaction of $25,594.24. Following the transaction, the chief accounting officer owned 65,995 shares of the company’s stock, valued at approximately $1,071,758.80. The trade was a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Mariam Sorond sold 69,853 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $16.91, for a total value of $1,181,214.23. Following the completion of the sale, the chief executive officer owned 1,270,946 shares of the company’s stock, valued at approximately $21,491,696.86. The trade was a 5.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 71,544 shares of company stock valued at $1,208,753. Insiders own 7.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. grew its position in NextNav by 6.6% in the fourth quarter. Russell Investments Group Ltd. now owns 10,950 shares of the company’s stock worth $182,000 after acquiring an additional 675 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in NextNav by 1.5% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,253 shares of the company’s stock worth $733,000 after acquiring an additional 714 shares during the last quarter. ProShare Advisors LLC raised its position in NextNav by 4.4% in the second quarter. ProShare Advisors LLC now owns 18,056 shares of the company’s stock valued at $274,000 after purchasing an additional 765 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in NextNav by 0.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,213 shares of the company’s stock valued at $3,332,000 after purchasing an additional 863 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its stake in shares of NextNav by 11.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,990 shares of the company’s stock valued at $137,000 after purchasing an additional 892 shares during the last quarter. Hedge funds and other institutional investors own 79.16% of the company’s stock.

About NextNav

NextNav, Inc is a provider of advanced 3D geolocation infrastructure and positioning services in the United States. The company operates a nationwide network designed to deliver real-time horizontal and vertical location data for consumer, enterprise and public safety applications. By leveraging spectrum holdings in the 900 MHz band, NextNav’s network offers precise altitude and position information that complements GPS and other satellite systems, particularly in urban canyons, indoors or underground environments where traditional signals struggle.

At the core of NextNav’s offering is its TerraPoiNT platform, which enables developers, carriers and emergency response centers to integrate high-accuracy vertical location into their applications and workflows.