NextNav (NASDAQ:NN) Shares Down 8.8% – What’s Next?

Posted by Stanley Muller on May 15th, 2026

NextNav Inc. (NASDAQ:NN – Get Free Report) shares were down 8.8% during mid-day trading on Friday . The stock traded as low as $19.65 and last traded at $20.2280. Approximately 338,576 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 1,846,863 shares. The stock had previously closed at $22.18.

Wall Street Analyst Weigh In

Several analysts have issued reports on NN shares. UBS Group set a $25.00 target price on NextNav in a research note on Thursday, April 16th. B. Riley Financial reaffirmed a “buy” rating on shares of NextNav in a research note on Thursday, April 23rd. Oppenheimer raised NextNav from a “market perform” rating to an “outperform” rating and set a $25.00 target price for the company in a research note on Thursday, April 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NextNav in a research note on Tuesday, April 21st. Finally, Wall Street Zen lowered NextNav from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 21st. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $25.00.

Read Our Latest Stock Report on NN

NextNav Price Performance

The stock has a market cap of $2.71 billion, a PE ratio of -13.03 and a beta of 1.03. The business has a 50 day moving average price of $17.89 and a two-hundred day moving average price of $16.05.

NextNav (NASDAQ:NN – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.03. The company had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $0.94 million. On average, sell-side analysts forecast that NextNav Inc. will post -0.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, General Counsel James S. Black sold 9,429 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $17.97, for a total transaction of $169,439.13. Following the completion of the transaction, the general counsel owned 93,566 shares in the company, valued at $1,681,381.02. This represents a 9.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Timothy Gray sold 1,405 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $18.11, for a total value of $25,444.55. Following the transaction, the chief financial officer owned 131,786 shares of the company’s stock, valued at approximately $2,386,644.46. This represents a 1.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 101,133 shares of company stock worth $1,733,594 in the last ninety days. Insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On NextNav

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. raised its holdings in shares of NextNav by 6.6% during the fourth quarter. Russell Investments Group Ltd. now owns 10,950 shares of the company’s stock valued at $182,000 after acquiring an additional 675 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in NextNav by 1.5% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,253 shares of the company’s stock worth $733,000 after purchasing an additional 714 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in NextNav by 0.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,213 shares of the company’s stock worth $3,332,000 after purchasing an additional 863 shares in the last quarter. Cannell & Spears LLC raised its holdings in NextNav by 0.7% in the first quarter. Cannell & Spears LLC now owns 122,851 shares of the company’s stock worth $1,961,000 after purchasing an additional 899 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in NextNav by 347.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,217 shares of the company’s stock worth $37,000 after purchasing an additional 1,721 shares in the last quarter. Institutional investors own 79.16% of the company’s stock.

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.

At the core of NextNav’s offering is its TerraPoiNT platform, which enables developers, carriers and emergency response centers to integrate high-accuracy vertical location into their applications and workflows.