In Thursday’s Wall Street session, Navient Corp (NASDAQ:NAVI) shares traded at $11.21, up 1.26% from the previous session.
NAVI stock price is now -14.10% away from the 50-day moving average and -22.61% away from the 200-day moving average. The market capitalization of the company currently stands at $1.15B.
With the price target maintained at $18, Seaport Research Partners recently Upgraded its rating from Neutral to Buy for Navient Corp (NASDAQ: NAVI). On September 30, 2024, BofA Securities recently initiated its ‘Neutral’ rating on the stock quoting a target price of $17, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, HAUBER STEPHEN M, EVP & Chief Admin Officer sold 10,000 shares of the company’s stock on Nov 06 ’24. The stock was sold for $150,000 at an average price of $15.00. Upon completion of the transaction, the EVP & Chief Admin Officer now directly owns 256,883 shares in the company, valued at $2.88 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 06 ’24, Officer HAUBER STEPHEN M bought 10,000 shares of the business’s stock. A total of $150,000 was incurred on buying the stock at an average price of $15.00. A total of 2.77% of the company’s stock is owned by insiders.
During the past 12 months, Navient Corp has had a low of $10.53 and a high of $16.97. The fifty day moving average price for NAVI is $13.0503 and a two-hundred day moving average price translates $14.484275 for the stock.
The latest earnings results from Navient Corp (NASDAQ: NAVI) was released for 2024-12-31. The net profit margin was 3.09% and return on equity was 4.85% for NAVI. The company reported revenue of $861.0 million for the quarter, compared to $1.08 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -20.35 percent. For the current quarter, analysts expect NAVI to generate $163.5M in revenue.
