Nelnet (NNI) is Reiterated by Compass Point to Buy, Lowers Price Target to $ 47

Nelnet (NNI) was Reiterated by Compass Point to “Buy” while Lowering the Price Target of the company shares to $ 47 from a previous price target of $50 . Compass Point advised their investors in a research report released on Aug 8, 2016.

On the company’s financial health, Nelnet reported $1.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.14 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $1.27.Analysts expectations of $ 193.85.During the same quarter in the previous year, the company posted $1.38 EPS.

Nelnet closed down -4.29 points or -10.83% at $35.31 with 1,76,422 shares getting traded on Friday. Post opening the session at $38.7, the shares hit an intraday low of $35.05 and an intraday high of $38.7 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 17, 2016, William J Munn (Secy/Chief Legal Off/Gen Coun) sold 1,000 shares at $38.84 per share price. According to the SEC, on Aug 13, 2015, Kathleen Anne Farrell (director) sold 5,000 shares at $41.02 per share price.

Nelnet Inc. is a provider of educational services in loan servicing payment processing education planning and asset management. The Company’s products and services help students and families plan prepare and pay for their education and make the administrative and financial processes more efficient for schools and financial organizations. The company operates through three segments: Student Loan and Guaranty Servicing segment which focuses on student loan servicing student loan servicing-related technology solutions and outsourcing services for lenders guaranty agencies and other entities; Tuition Payment Processing and Campus Commerce segment which provides products and services to help students and families manage the payment of education costs at all levels (K-12 and higher education) and Asset Generation and Management segment which Includes the acquisition and management of the Company’s student loan assets.


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