Navan (NASDAQ:NAVN) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Navan (NASDAQ:NAVNGet Free Report) had its price objective lifted by investment analysts at BMO Capital Markets from $18.00 to $22.00 in a note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 19.18% from the company’s previous close.

Several other research analysts have also recently weighed in on NAVN. Citigroup reduced their price target on shares of Navan from $26.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, March 26th. Jefferies Financial Group reduced their price target on shares of Navan from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, March 26th. TD Cowen assumed coverage on shares of Navan in a report on Wednesday, April 15th. They issued a “buy” rating and a $18.00 price target for the company. Oppenheimer upped their price target on shares of Navan from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. Finally, The Goldman Sachs Group upped their price target on shares of Navan from $22.00 to $23.00 and gave the company a “buy” rating in a report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Navan presently has an average rating of “Moderate Buy” and a consensus target price of $22.07.

Get Our Latest Report on NAVN

Navan Stock Performance

Shares of NASDAQ NAVN opened at $18.46 on Thursday. The firm has a market capitalization of $4.63 billion and a PE ratio of -8.83. The firm’s 50 day moving average price is $13.42. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.07 and a current ratio of 4.07. Navan has a 52-week low of $8.10 and a 52-week high of $22.75.

Navan (NASDAQ:NAVNGet Free Report) last issued its quarterly earnings data on Wednesday, March 25th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.26. The firm had revenue of $177.92 million for the quarter. The firm’s revenue was up 34.8% on a year-over-year basis. Analysts predict that Navan will post -0.33 earnings per share for the current fiscal year.

Insider Transactions at Navan

In other news, CTO Ilan Ezra Twig sold 49,210 shares of the business’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $8.62, for a total value of $424,190.20. Following the sale, the chief technology officer owned 538,012 shares of the company’s stock, valued at $4,637,663.44. The trade was a 8.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Anne Mary Giviskos sold 31,150 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $9.52, for a total transaction of $296,548.00. Following the completion of the sale, the insider directly owned 74,940 shares in the company, valued at approximately $713,428.80. This represents a 29.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 233,573 shares of company stock valued at $2,041,434 over the last 90 days.

Institutional Trading of Navan

A number of institutional investors have recently made changes to their positions in NAVN. SG Americas Securities LLC bought a new stake in shares of Navan in the fourth quarter worth $270,000. FNY Investment Advisers LLC bought a new stake in shares of Navan in the fourth quarter worth $115,000. Lunate Capital Ltd bought a new stake in shares of Navan in the fourth quarter worth $3,416,000. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of Navan in the fourth quarter worth $256,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Navan in the fourth quarter worth $257,000.

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.

Further Reading

Analyst Recommendations for Navan (NASDAQ:NAVN)

Receive News & Ratings for Navan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navan and related companies with MarketBeat.com's FREE daily email newsletter.