NextNav (NASDAQ:NN) Trading Down 6.3% – What’s Next?

22 Jun 2026, 17:41 by Kim Johansen · The Markets Daily

Shares of NextNav Inc. (NASDAQ:NN – Get Free Report) were down 6.3% on Monday . The company traded as low as $17.10 and last traded at $17.0350. Approximately 234,796 shares were traded during trading, a decline of 88% from the average session volume of 2,012,735 shares. The stock had previously closed at $18.18.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Oppenheimer raised their price objective on NextNav from $25.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. Wall Street Zen raised NextNav from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 16th. B. Riley Financial reissued a “buy” rating on shares of NextNav in a research report on Thursday, April 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of NextNav in a report on Tuesday, April 21st. Finally, UBS Group set a $25.00 price objective on shares of NextNav in a report on Thursday, April 16th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, NextNav has an average rating of “Hold” and an average price target of $37.50.

Check Out Our Latest Analysis on NextNav

NextNav Stock Performance

The firm has a market capitalization of $2.22 billion, a P/E ratio of -13.39 and a beta of 1.04. The firm has a 50 day simple moving average of $20.06 and a two-hundred day simple moving average of $17.57.

NextNav (NASDAQ:NN – Get Free Report) last posted its earnings results on Thursday, May 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.03. The firm had revenue of $0.99 million during the quarter, compared to the consensus estimate of $0.94 million. Sell-side analysts anticipate that NextNav Inc. will post -0.5 earnings per share for the current year.

Insider Buying and Selling

In other news, General Counsel James S. Black sold 1,878 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $22.96, for a total value of $43,118.88. Following the transaction, the general counsel owned 91,688 shares in the company, valued at $2,105,156.48. The trade was a 2.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Mariam Sorond sold 69,853 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $19.92, for a total value of $1,391,471.76. Following the completion of the transaction, the chief executive officer directly owned 1,244,495 shares of the company’s stock, valued at approximately $24,790,340.40. This represents a 5.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 78,506 shares of company stock worth $1,563,550. 7.80% of the stock is owned by insiders.

Institutional Trading of NextNav

Hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in NextNav by 8.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,539 shares of the company’s stock valued at $579,000 after purchasing an additional 3,543 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of NextNav by 34.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 468,748 shares of the company’s stock worth $5,705,000 after purchasing an additional 120,123 shares during the period. Creative Planning boosted its holdings in shares of NextNav by 81.5% in the 2nd quarter. Creative Planning now owns 29,184 shares of the company’s stock worth $444,000 after buying an additional 13,109 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of NextNav by 33.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 61,772 shares of the company’s stock worth $939,000 after buying an additional 15,565 shares during the last quarter. Finally, Legal & General Group Plc grew its position in NextNav by 23.3% during the second quarter. Legal & General Group Plc now owns 68,946 shares of the company’s stock valued at $1,048,000 after buying an additional 13,027 shares during the period. 79.16% of the stock is currently owned by institutional investors.

NextNav Company Profile

(Get Free Report)

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.