NextNav (NN) to Release Quarterly Earnings on Wednesday

NextNav (NASDAQ:NN – Get Rating) is set to announce its earnings results after the market closes on Wednesday, March 22nd. Analysts expect the company to announce earnings of ($0.17) per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

NextNav Price Performance

Shares of NN stock opened at $2.16 on Wednesday. The business’s fifty day moving average price is $2.87 and its 200 day moving average price is $3.00. NextNav has a 1-year low of $1.85 and a 1-year high of $8.47. The firm has a market capitalization of $229.78 million, a PE ratio of -1.41 and a beta of 1.88.

Insider Buying and Selling

In related news, SVP David L. Knutson sold 10,000 shares of the company’s stock in a transaction on Thursday, January 12th. The stock was sold at an average price of $3.04, for a total transaction of $30,400.00. Following the transaction, the senior vice president now owns 582,456 shares of the company’s stock, valued at $1,770,666.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 19,062 shares of company stock valued at $55,321 over the last quarter. Company insiders own 15.70% of the company’s stock.

Institutional Trading of NextNav

Large investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SNC acquired a new stake in NextNav in the third quarter valued at $64,000. Jane Street Group LLC purchased a new stake in shares of NextNav in the third quarter valued at $62,000. JPMorgan Chase & Co. purchased a new stake in shares of NextNav in the second quarter valued at $59,000. Alliancebernstein L.P. lifted its position in shares of NextNav by 83.6% in the third quarter. Alliancebernstein L.P. now owns 20,200 shares of the company’s stock valued at $54,000 after acquiring an additional 9,200 shares in the last quarter. Finally, American International Group Inc. purchased a new stake in shares of NextNav in the second quarter valued at $52,000. Institutional investors and hedge funds own 60.66% of the company’s stock.

About NextNav

(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.