Credit Suisse analyst Moshe Orenbuch maintained a Hold rating on Nelnet (NNI) yesterday and set a price target of $50.00. The company’s shares closed last Friday at $63.57.
According to TipRanks.com, Orenbuch is a 5-star analyst with an average return of 8.9% and a 64.0% success rate. Orenbuch covers the Financial sector, focusing on stocks such as Discover Financial Services, Santander Consumer USA, and Capital One Financial.
The word on The Street in general, suggests a Hold analyst consensus rating for Nelnet with a $50.00 average price target.
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Based on Nelnet’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $251 million and GAAP net loss of $40.53 million. In comparison, last year the company earned revenue of $239 million and had a net profit of $41.59 million.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is neutral on the stock.
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Nelnet, Inc. engages in the provision of education-related products and services, as well as loan asset management. It operates through the business following segments: Loan Systems & Servicing, Education Technology, Services and Payment Processing, Communications, and Asset Generation and Management. The System & Servicing segment specializes in student loan portfolio and the portfolios of third parties such as loan conversion activities, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliations, and claim processing. The Education Technology, Services and Payment Processing segment provides products and services to help students and families manage the payment of education costs at all levels, as well as school information system software for private and faith-based schools that help schools automate administrative processes such as admissions, scheduling, student billing, attendance, and grade book management. The Communications segment is the operation of Allo Communications LLC which provides pure optic service to homes and businesses for internet, broadband, television, and telephone services. The Asset Generation & Management segment is the acquisition, management, and ownership of student loan assets. The company was founded by Michael S. Dunlap and Stephen F. Butterfield in 1977 and is headquartered in Lincoln, NE.
