NextNav (NASDAQ:NN) Trading Up 11.9% – Here’s Why

Posted by George Bondi on Jun 4th, 2026

NextNav Inc. (NASDAQ:NN – Get Free Report)’s share price was up 11.9% during mid-day trading on Thursday . The stock traded as high as $23.84 and last traded at $24.1390. Approximately 919,640 shares changed hands during trading, a decline of 53% from the average daily volume of 1,955,325 shares. The stock had previously closed at $21.57.

Wall Street Analysts Forecast Growth

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

Get Our Latest Report on NextNav

NextNav Price Performance

The business has a fifty day moving average of $19.16 and a 200 day moving average of $16.94. The stock has a market cap of $3.24 billion, a PE ratio of -19.97 and a beta of 1.04.

NextNav (NASDAQ:NN – Get Free Report) last released its earnings results on Thursday, May 14th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.03. The company had revenue of $1.00 million during the quarter, compared to the consensus estimate of $0.94 million. On average, equities research analysts expect that NextNav Inc. will post -0.51 EPS for the current year.

Insider Activity at NextNav

In other news, General Counsel James S. Black sold 9,429 shares of the business’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $17.97, for a total value of $169,439.13. Following the completion of the sale, the general counsel owned 93,566 shares of the company’s stock, valued at approximately $1,681,381.02. The trade was a 9.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Timothy Gray sold 1,405 shares of the business’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $18.11, for a total transaction of $25,444.55. Following the completion of the sale, the chief financial officer directly owned 131,786 shares of the company’s stock, valued at $2,386,644.46. The trade was a 1.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 101,133 shares of company stock worth $1,943,851 over the last quarter. Company insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On NextNav

Hedge funds and other institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd increased its position in shares of NextNav by 347.0% in the 4th 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 during the last quarter. KBC Group NV bought a new stake in shares of NextNav in the 1st quarter worth about $38,000. Clearstead Advisors LLC bought a new stake in shares of NextNav during the 3rd quarter valued at about $52,000. Kemnay Advisory Services Inc. bought a new stake in shares of NextNav during the 4th quarter valued at about $97,000. Finally, Osterweis Capital Management Inc. bought a new stake in shares of NextNav during the 4th quarter valued at about $109,000. 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.