Navan, Inc. (NASDAQ:NAVN) Given Average Recommendation of “Moderate Buy” by Analysts

Navan, Inc. (NASDAQ:NAVN) has been assigned a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, fourteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $22.0714.

NAVN has been the topic of several recent analyst reports. Rosenblatt Securities dropped their target price on Navan from $30.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. Morgan Stanley boosted their target price on Navan from $20.00 to $25.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Citigroup lowered their target price on Navan from $26.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, March 26th. Weiss Ratings raised Navan from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 7th. Finally, TD Cowen started coverage on Navan in a report on Wednesday, April 15th. They set a “buy” rating and a $18.00 target price on the stock.

Insider Buying and Selling

In related news, CEO Ariel M. Cohen sold 151,007 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $8.62, for a total transaction of $1,301,680.34. Following the completion of the sale, the chief executive officer directly owned 1,003,918 shares in the company, valued at approximately $8,653,773.16. This trade represents a 13.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Anne Mary Giviskos sold 31,150 shares of the firm’s stock in a transaction that occurred 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 sale, the insider owned 74,940 shares of the company’s stock, valued at $713,428.80. The trade was a 29.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 233,573 shares of company stock valued at $2,041,434 over the last three months.

Institutional Trading of Navan

A number of large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its holdings in shares of Navan by 160.3% during the first quarter. The Manufacturers Life Insurance Company now owns 38,212 shares of the company’s stock valued at $506,000 after purchasing an additional 23,534 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in shares of Navan during the first quarter valued at $1,531,000. Weiss Asset Management LP purchased a new stake in shares of Navan during the first quarter valued at $2,525,000. Renaissance Technologies LLC purchased a new stake in shares of Navan during the first quarter valued at $3,978,000. Finally, Swiss National Bank purchased a new stake in shares of Navan during the first quarter valued at $1,222,000.

Navan Price Performance

NAVN stock opened at $18.46 on Monday. The firm has a market capitalization of $4.63 billion and a P/E ratio of -8.83. The business has a 50-day moving average of $13.42. Navan has a fifty-two week low of $8.10 and a fifty-two week high of $22.75. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.10.

Navan (NASDAQ:NAVN) last announced its earnings results on Wednesday, March 25th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.24) by $0.26. The firm had revenue of $177.92 million for the quarter. The company’s revenue was up 34.8% on a year-over-year basis. Equities analysts anticipate that Navan will post -0.33 EPS for the current year.

Navan Company Profile

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.