Insider Selling: Navient Corp Director Unloads 14,450 Shares of Stock (NAVI)
Navient Corp (NASDAQ:NAVI) Director Barry Lawson Williams sold 14,450 shares of the company’s stock on the open market in a transaction dated Friday, August 1st. The shares were sold at an average price of $17.42, for a total transaction of $251,719.00. Following the completion of the transaction, the director now directly owns 32,816 shares in the company, valued at approximately $571,655. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Compass Point raised their price target on shares of Navient Corp from $19.00 to $21.00 in a research note on Monday, July 14th. They now have a “buy” rating on the stock. Finally, analysts at TheStreet downgraded shares of Navient Corp from a “hold” rating to a “sell” rating in a research note on Tuesday, June 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $18.60.
Navient Corp (NASDAQ:NAVI) traded down 0.98% during mid-day trading on Monday, hitting $17.17. 1,700,359 shares of the company’s stock traded hands. Navient Corp has a 1-year low of $15.00 and a 1-year high of $18.28. The stock’s 50-day moving average is $17.61 and its 200-day moving average is $16.94. The company has a market cap of $7.194 billion and a P/E ratio of 7.27.
Navient Corp (NASDAQ:NAVI) last issued its quarterly earnings data on Wednesday, July 16th. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.53 by $0.03. The company had revenue of $662.00 million for the quarter, compared to the consensus estimate of $572.33 million. The company’s quarterly revenue was down 15.6% on a year-over-year basis. On average, analysts predict that Navient Corp will post $2.05 earnings per share for the current fiscal year.
Navient Corporation holds the portfolio of education loans insured or guaranteed under the Federal Family Education Loan Program (NASDAQ:NAVI), as well as the portfolio of private education loans (Private Education Loans).
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