In a report released today, Jaime Perez from R.F. Lafferty maintained a Buy rating on NextNav (NN – Research Report), with a price target of $6.00. The company’s shares closed yesterday at $3.78.
According to TipRanks, Perez is an analyst with an average return of -16.8% and a 28.33% success rate. Perez covers the Technology sector, focusing on stocks such as Arbe Robotics, NextNav, and Luminar Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NextNav with a $6.00 average price target.
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Based on NextNav’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $800 thousand and a GAAP net loss of $15.77 million. In comparison, last year the company earned a revenue of $1.42 million and had a net profit of $827 thousand
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Spartacus Acquisition Corp is a blank check company.
Read More on NN:
- NextNav Inc. Reports Second Quarter 2023 Results
- NextNav Confirms Successful Initial Tests of Accurate 3D Position, Navigation and Timing Service Leveraging Cellular Infrastructure
- NextNav confirms successful initial tests of accurate 3D PNT service
- NextNav files to sell 25.93M shares of common stock for holders
- NextNav Unveils First European Testbed for High-Accuracy Vertical Location Technology
