Navan, Inc. (NASDAQ:NAVN) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Navan, Inc. (NASDAQ:NAVN) have earned an average rating of “Moderate Buy” from the seventeen brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, fourteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $22.0714.

Several equities research analysts recently weighed in on the company. BMO Capital Markets boosted their target price on Navan from $18.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Citigroup decreased their target price on Navan from $26.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, March 26th. Morgan Stanley boosted their target price on Navan from $20.00 to $25.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Bank of America assumed coverage on Navan in a research note on Tuesday, April 7th. They set a “buy” rating and a $17.00 target price for the company. Finally, The Goldman Sachs Group boosted their target price on Navan from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, March 27th.

Navan Stock Up 7.2%

NAVN stock opened at $19.88 on Monday. The stock’s 50 day simple moving average is $14.30. The stock has a market capitalization of $4.99 billion and a PE ratio of -9.51. Navan has a fifty-two week low of $8.10 and a fifty-two week high of $22.75. 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 (NASDAQ:NAVN) last posted its earnings results on Wednesday, March 25th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.26. The business had revenue of $177.92 million for the quarter. Navan’s revenue was up 34.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Navan will post -0.33 EPS for the current year.

Insider Buying and Selling at Navan

In other Navan news, CTO Ilan Ezra Twig sold 49,210 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $8.62, for a total value of $424,190.20. Following the completion of the sale, the chief technology officer owned 538,012 shares in the company, valued at approximately $4,637,663.44. The trade was a 8.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ariel M. Cohen sold 151,007 shares of the business’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 value of $1,301,680.34. Following the completion of the sale, the chief executive officer owned 1,003,918 shares of the company’s stock, valued at approximately $8,653,773.16. This represents a 13.08% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 233,573 shares of company stock worth $2,041,434.

Institutional Investors Weigh In On Navan

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada acquired a new position in shares of Navan in the fourth quarter valued at approximately $35,000. California State Teachers Retirement System acquired a new position in shares of Navan in the fourth quarter valued at approximately $39,000. Russell Investments Group Ltd. acquired a new position in shares of Navan in the fourth quarter valued at approximately $51,000. Sunbelt Securities Inc. acquired a new position in shares of Navan in the first quarter valued at approximately $71,000. Finally, Strs Ohio increased its holdings in shares of Navan by 86.4% in the first quarter. Strs Ohio now owns 12,300 shares of the company’s stock valued at $163,000 after purchasing an additional 5,700 shares during the period.

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.