B. Riley Issues Pessimistic Forecast for NextNav Earnings

NextNav Inc. (NASDAQ:NN) – B. Riley dropped their FY2026 earnings estimates for NextNav in a report released on Tuesday, May 6th. B. Riley analyst M. Crawford now anticipates that the company will post earnings per share of ($0.58) for the year, down from their prior estimate of ($0.57). The consensus estimate for NextNav’s current full-year earnings is ($0.74) per share.

NextNav Price Performance

Shares of NASDAQ NN opened at $13.12 on Thursday. NextNav has a 52 week low of $6.47 and a 52 week high of $18.54. The business’s 50 day moving average price is $12.03 and its 200 day moving average price is $13.19. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.81. The firm has a market cap of $1.74 billion, a P/E ratio of -17.49 and a beta of 1.03.

NextNav (NASDAQ:NN) last posted its quarterly earnings results on Friday, May 9th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.01). NextNav had a negative net margin of 1,732.92% and a negative return on equity of 128.95%.

Institutional Trading of NextNav

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. grew its position in shares of NextNav by 170.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 27,000 shares of the company’s stock valued at $420,000 after acquiring an additional 17,000 shares during the period. Commonwealth Equity Services LLC grew its holdings in NextNav by 1,580.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 216,625 shares of the company’s stock valued at $3,371,000 after purchasing an additional 203,734 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of NextNav by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 576,254 shares of the company’s stock valued at $8,967,000 after buying an additional 29,448 shares in the last quarter. Rhumbline Advisers raised its stake in shares of NextNav by 3.2% during the 4th quarter. Rhumbline Advisers now owns 99,516 shares of the company’s stock worth $1,548,000 after buying an additional 3,075 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of NextNav by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 1,731,051 shares of the company’s stock worth $26,941,000 after buying an additional 39,543 shares during the period. Institutional investors and hedge funds own 79.16% of the company’s stock.

Insider Activity

In other news, CEO Mariam Sorond sold 62,868 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $11.23, for a total value of $706,007.64. Following the sale, the chief executive officer now owns 1,550,358 shares in the company, valued at $17,410,520.34. This represents a 3.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Christian D. Gates sold 5,730 shares of NextNav stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $11.24, for a total value of $64,405.20. Following the transaction, the chief financial officer now owns 857,206 shares of the company’s stock, valued at approximately $9,634,995.44. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 72,705 shares of company stock valued at $816,495 in the last ninety days. Insiders own 7.70% 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.