Navan, Inc. (NASDAQ:NAVN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Navan, Inc. (NASDAQ:NAVNGet Free Report) has been given a consensus rating of “Moderate Buy” by the seventeen analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, fourteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $29.4286.

A number of equities analysts have recently issued reports on NAVN shares. BTIG Research increased their price objective on shares of Navan from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Bank of America boosted their target price on Navan from $20.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Citizens Jmp upped their price target on Navan from $31.00 to $38.00 and gave the stock a “market outperform” rating in a research note on Thursday, June 11th. Jefferies Financial Group increased their price target on Navan from $18.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Finally, Needham & Company LLC restated a “buy” rating and set a $30.00 price objective on shares of Navan in a report on Monday, June 22nd.

Check Out Our Latest Stock Report on NAVN

Insider Transactions at Navan

In other Navan news, President Michael Eric Sindicich sold 51,169 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $20.20, for a total transaction of $1,033,613.80. Following the transaction, the president owned 549,251 shares in the company, valued at approximately $11,094,870.20. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Arif Janmohamed sold 1,019,900 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $20.00, for a total transaction of $20,398,000.00. Following the transaction, the director owned 3,761,089 shares in the company, valued at approximately $75,221,780. The trade was a 21.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 5,139,153 shares of company stock valued at $102,867,420 in the last 90 days. 63.39% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Navan

Several hedge funds and other institutional investors have recently made changes to their positions in NAVN. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Navan in the 4th quarter worth about $257,000. Vanguard Group Inc. acquired a new position in Navan during the 4th quarter valued at about $56,848,000. Teachers Retirement System of The State of Kentucky bought a new stake in Navan during the 4th quarter worth approximately $223,000. UBS Group AG bought a new stake in Navan during the 4th quarter worth approximately $9,125,000. Finally, Jennison Associates LLC purchased a new stake in shares of Navan in the fourth quarter worth approximately $31,195,000.

Navan Stock Down 0.2%

Navan stock opened at $29.29 on Wednesday. The company has a market capitalization of $7.45 billion and a PE ratio of -13.62. Navan has a 12-month low of $8.10 and a 12-month high of $29.99. The firm’s fifty day moving average is $26.00 and its 200 day moving average is $18.49. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.10.

Navan (NASDAQ:NAVNGet Free Report) last posted its quarterly earnings results on Wednesday, June 10th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.20. The company had revenue of $220.23 million during the quarter. The firm’s revenue was up 39.8% compared to the same quarter last year. As a group, sell-side analysts predict that Navan will post -0.37 EPS for the current fiscal year.

Navan Company Profile

(Get Free Report)

Navan (NASDAQ: NAVN) is a technology company that provides an integrated platform for corporate travel, expense management and business payments. The company combines online travel booking and itinerary management with expense reporting, corporate card services and payment processing to help organizations consolidate travel and T&E (travel and expense) workflows into a single system. Navan emphasizes a mobile-first user experience, automated reconciliation and policy controls to simplify administrative processes for finance and travel teams while improving the experience for travelers.

Navan’s offerings typically include online and mobile travel booking, real-time traveler support and duty-of-care features, automated expense capture and reporting, corporate card and virtual card issuance, and tools for payments and invoice management.

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Analyst Recommendations for Navan (NASDAQ:NAVN)

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