How to Buy Nelnet Stock
Nelnet Inc
Nelnet is a credit service company located in Nebraska, United States, which is part of the Financial Services sector, and is traded under the ticker NNI on the NYSE exchange.
Nelnet stock last closed at $94.41, up 0.44% from the previous day, and has increased 2.69% in one year. It has underperformed other stocks in the Credit Services industry by 0.13 percentage points. Nelnet stock is currently +15.6% from its 52-week low of $81.67, and -7.08% from its 52-week high of $101.60.
There are currently 37.04M shares of NNI outstanding. The market value of NNI is $3.50B. In the last 24 hours, 96,791 NNI shares were traded.
How to Buy Nelnet Stock
Wondering how to invest in Nelnet stock? Here's how.
- Decide where to buy Nelnet stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you figure out where to buy Nelnet stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your investment account: Select your method of payment and add your info.
- Analyze Nelnet stock: The Nelnet ticker symbol is NNI. Is Nelnet stock a good investment? Should you buy shares of NNI? How do NNI's underlying business fundamentals look? Do top analysts think Nelnet is a good buy? Why has NNI's stock price moved recently? (Hint: Our stock research website can help you evaluate if NNI is a good stock to buy).
- Execute your NNI buy order: Decide if you will purchase NNI shares at the current market price or use a limit order to purchase NNI shares at a given price.
- Get key alerts regarding your NNI position: Create a watchlist to key updates about your new investment in Nelnet stock.
Step 1: Decide where to buy Nelnet stock
You need an online brokerage account to access the NYSE market and buy NNI stock.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best brokerage. Here's why:
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- Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
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- Social investing: eToro boasts a community with more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by creating an account with eToro today.
Open eToro AccountStep 2: Open a brokerage account
Now that you've picked your brokerage, you'll need to fill out some personal details so you can invest in NNI today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to open your new trading account.
- Submit your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have created your account on the best stock market app, your next step is to transfer the money for your investment:
Watch the walkthrough below if you need help depositing money into your new brokerage account.
Step 4: Analyze Nelnet stock
Once you have decided on the best place to buy Nelnet stock, it's important to analyze their stock prior to investing, so you can understand the risk and upside.
Nelnet stock data
Nelnet Due Diligence Checks
WallStreetZen was created to help average investors perform more accurate fundamental analysis quickly.
You can see all of the due diligence checks on NNI's stock page.
What is the fair value of NNI stock?
Analysts use many financial metrics, analyses, models, and charts to gauge NNI's true value.
Using relative valuations metrics:
- NNI could be overvalued based on its P/E ratio of 38.53x, relative to Credit Services industry P/E ratio of 28.26x
- NNI could be undervalued based on its P/B ratio of 1.07x, relative to Credit Services industry P/B ratio of 4.8x
You can access additional valuation research on NNI's stock here.
NNI Financial Overview
Passed Financial Due Diligence Checks:
- NNI earnings of $111.29M is not enough to cover its interest payments.
- Total NNI debt is lower than 5 years ago, relative to shareholder equity.
Failed Financial Due Diligence Checks:
- NNI profit margin has gone down from 26.9% to 7.9% in the past year.
- NNI's operating cash flow of $432.98M allows it to safely service it's debt of $11.83B.
- NNI has a relatively high debt to equity ratio of 4.14.
Is it a good time to buy NNI stock, according to Wall Street analysts?
Out of 1 sell side analysts who track NNI, the consensus analyst rating on NNI is a Hold
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are projecting on the Nelnet stock forecast page.
NNI Momentum
Is NNI Growing Revenue?
Last year, NNI earnings were $91.53M. In the last five year, NNI's earnings have increased by -15.15% per year. This was slower than the Credit Services industry average of 11.95%.
Last year, NNI revenue was $1.15B. In the last five year, NNI's revenue has increased by 1.87% per year. This was slower than the Credit Services industry average of 9.58%.
You can analyze NNI's earnings and revenue performance here.
Who is buying/selling NNI?
Over the last year, executives and large shareholders at NNI have sold more shares than they have bought.
Matthew W. Dunlap, Chief Business Develop. Off. of NNI, was the latest NNI insider to sell. They sold $5,938.21 worth of NNI shares on Mar 10, 2024.
Get more info about who owns NNI shares here.
Does NNI provide a stable income stream?
Nelnet pays a dividend of 1.14%, compared to the Credit Services industry's average dividend yield of 4.12%. If you owned $1,000 worth of NNI stock, you would have received $11.44 in the past year.
Nelnet dividend payments have consistently grown over the past decade and have remained stable.
Find more analysis about Nelnet dividend yield and history here.
Get analysis from other traders
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Execute your NNI buy order
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally the easiest way to buy. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount limit, place a limit order.
Press the Open Trade button and your broker will execute the order.
If you require more info about buying stocks on eToro, click the helpful video below:
Step 6: Get key alerts regarding your NNI position
Now that you own some shares in NNI, you'll want to keep up with your new investment.
Create a watchlist to keep tabs on your NNI stock.
NNI Feed
How to Buy Stock in Nelnet
To reiterate, here are the 6 steps to buy Nelnet stock:
- Decide where to buy Nelnet stock
- Open a brokerage account
- Fund your investment account
- Analyze Nelnet stock
- Execute your NNI buy order
- Get key alerts regarding your NNI position
If you are looking for a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to monitor your new investment in Nelnet, click the button below.
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