NNI

NEUTRAL

$141.7 Live

Nelnet, Inc. · NYSE

Target $135.0 (-4.7%)

$105.12 52W Range $144.38

NNI Nelnet, Inc. - Fundamental Analysis

NEUTRAL

Console Chart News

NNI Stock | Fundamental Analysis & Investment Insights

NYSE • Financial Services • Credit Services

Current Price Live

$141.7

Analyst Target

$135.0

-4.7% Downside

52W High

$144.38

52W Low

$105.12

Overview AI Snowflake Price Valuation Profitability Growth Health Statements Peers Insiders SEC Filings

At a glance

Key valuation, profitability, growth, and risk metrics.

Updated May 01, 2026

Market cap

$5.1B

P/E

12.03

ROE

11.6%

Profit margin

25.6%

Debt/Equity

2.18

Dividend yield

0.88%

AI Analysis

AI-powered fundamental assessment

Confidence

85%

NNI presents a conflicting profile: while the Graham Number ($165.02) suggests defensive value, the Piotroski F-Score of 3/9 indicates weak financial health and deteriorating fundamentals. The stock trades at a low P/E of 12.03 and a very attractive PEG of 0.46, yet it is significantly overpriced relative to its growth-based intrinsic value of $82.46. Negative year-over-year revenue and earnings growth, combined with a bearish technical trend and insider selling, offset the strong liquidity provided by a current ratio of 5.33.

Key Strengths

Low P/E ratio (12.03) relative to the financial services sector average

Very strong short-term liquidity with a current ratio of 5.33

High gross margins (86.47%) and healthy profit margins (25.61%)

Extremely sustainable dividend payout ratio of 10.09%

Low PEG ratio (0.46) suggesting potential undervaluation relative to growth

Key Risks

Weak financial health as indicated by a Piotroski F-Score of 3/9

Negative year-over-year revenue (-8.60%) and earnings (-7.60%) growth

High Debt/Equity ratio (2.18) compared to the sector average of 1.30

Strongly bearish technical trend (10/100) and insider sentiment

Significant gap between current price ($141.70) and intrinsic value ($82.46)

AI Fair Value Estimate

Based on comprehensive analysis

$115.5

-18.5% below current price

Performance Snowflake

Multi-dimensional analysis across 5 key categories

Overall

Moderate

Value

Future

Past

Health

Dividend

AI Verdict

Underperforming Fundamentals

Key drivers: Weak Piotroski Score, Negative YoY Growth, Low Valuation Multiples, High Leverage

Confidence

80%

Value

75/100

Ref P/E 12.03, PEG 0.46, Graham Number $165.02

Positives

P/E is well below sector average
Price is below Graham Number

Watchpoints

Price is significantly above growth-based intrinsic value

Future

35/100

Ref Revenue Growth -8.60%, Earnings Growth -7.60%

Positives

Positive Q/Q revenue growth (13.74%)

Watchpoints

Negative YoY revenue and earnings growth
Bearish technical trend

Past

60/100

Ref 5Y Change +99.8%, 1Y Change +34.9%

Positives

Strong 5-year price appreciation (+99.8%)

Watchpoints

Highly volatile quarterly earnings surprises

Health

30/100

Ref Piotroski F-Score 3/9, Debt/Equity 2.18

Positives

Excellent current and quick ratios

Watchpoints

Piotroski F-Score 3/9 (Weak)
High Debt/Equity ratio (2.18)

Dividend

40/100

Ref Yield 0.88%, Payout 10.09%

Positives

Very low payout ratio (10.09%)

Watchpoints

Low dividend yield (0.88%)

Stock Price & Analyst Targets

Real-time price movements and analyst price targets

Current Price

$141.7

Analyst Target

$135.0

Upside/Downside

-4.7%

Multi-Horizon Performance vs Peers

Price momentum across 5Y → 1W horizons for NNI and closest competitors.

Updated 2026-04-30

Company	5Y	3Y	1Y	6M	1M	1W
NNI Nelnet, Inc. Primary	+99.8%	+51.5%	+34.9%	+11.0%	+9.9%	+0.4%
LMND Lemonade, Inc. Peer	-28.9%	+506.7%	+122.8%	+14.8%	+12.0%	-0.4%
HLNE Hamilton Lane Incorporated Peer	+7.1%	+35.3%	-32.0%	-21.2%	-5.5%	-2.0%
AX Axos Financial, Inc. Peer	+123.1%	+117.6%	+29.3%	+8.3%	+3.2%	-2.9%
IFS Intercorp Financial Services Inc. Peer	+124.9%	+126.2%	+39.4%	+12.6%	-1.6%	-4.4%

NNI

Nelnet, Inc.

Primary

+99.8%

+51.5%

+34.9%

+11.0%

+9.9%

+0.4%

LMN

Lemonade, Inc.

Peer

-28.9%

+506.7%

+122.8%

+14.8%

+12.0%

-0.4%

HLN

Hamilton Lane Incorporated

Peer

+7.1%

+35.3%

-32.0%

-21.2%

-5.5%

-2.0%

Axos Financial, Inc.

Peer

+123.1%

+117.6%

+29.3%

+8.3%

+3.2%

-2.9%

IFS

Intercorp Financial Services Inc.

Peer

+124.9%

+126.2%

+39.4%

+12.6%

-1.6%

-4.4%

Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.

Historical Performance Trends

Long-term financial metrics and growth patterns

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Historical data shows last 12 quarters (3 years)

Valuation Metrics

Key valuation ratios and pricing indicators

12.03

14.17

0.46

1.38

3.05

7.46

N/A

$5.1B

Profitability

Profit margins and return metrics

Profit Margin 25.61%

Operating Margin 17.74%

Gross Margin 86.47%

ROE 11.59%

ROA 2.86%

Growth

Revenue and earnings growth rates

Revenue Growth -8.6%

Earnings Growth -7.6%

Q/Q Revenue Growth +13.74%

Q/Q Earnings Growth -8.5%

Financial Health

Balance sheet strength and liquidity metrics

Debt/Equity

2.18

High debt

Current Ratio

5.33

Strong

Quick Ratio

5.02

Excellent

Cash/Share

$8.27

Financial Statement Flow

Interactive flow visualization showing how money moves through the company Q4 2025

Revenue

$0.3B

Net Margin

17.3%

Total Assets

$14.1B

Liabilities

$10.5B

Equity

$3.7B

Debt/Equity

2.85x

Operating CF

$0.1B

CapEx

$-0.0B

Free Cash Flow

$0.1B

FCF Yield

95%

Quarterly Earnings History

EPS performance vs analyst estimates

2026-05-07

$N/A

2026-02-26

$1.56

-4.3% surprise

2025-11-06

$2.95

+94.1% surprise

2025-08-06

$5.05

+164.4% surprise

Financial Services Sector Comparison

Comparing NNI against 956 companies in the Financial Services sector (153 bullish, 417 neutral, 386 bearish)

P/E Ratio

12.03

This Stock

35.14

Sector Avg

-65.8% (Discount)

Return on Equity (ROE)

11.59%

This Stock

0.3%

Sector Avg

+3736.3% (Excellent)

Profit Margin

25.61%

This Stock

89.71%

Sector Avg

-71.4% (Weaker)

Debt to Equity

2.18

This Stock

1.28

Sector Avg

+70.9% (Higher)

Revenue Growth

-8.6%

This Stock

33.39%

Sector Avg

-125.8% (Slower)

Current Ratio

5.33

This Stock

2.99

Sector Avg

+78.5% (Stronger)

Similar Companies

Peer comparison within the same industry

Company	AI Rating	Market Cap	P/E	ROE	Profit Margin	Price
NNI Nelnet, Inc.	NEUTRAL	$5.1B	12.03	11.6%	25.6%	$141.7
LMND Lemonade, Inc.	BEARISH	$5.05B	-	-29.4%	-22.4%	$65.77	Compare
HLNE Hamilton Lane Incorporated	BULLISH	$5.15B	16.9	31.7%	30.6%	$92.28	Compare
AX Axos Financial, Inc.	NEUTRAL	$5.2B	12.94	16.7%	36.0%	$91.75	Compare
IFS Intercorp Financial Services Inc.	NEUTRAL	$5.0B	9.38	16.6%	35.2%	$45.01	Compare

NNI Nelnet, Inc.

NEUTRAL

Mkt Cap

$5.1B

P/E

12.0

ROE

11.6%

Price

$141.7

Compare with NNI

HLNE Hamilton Lane...

Compare with NNI

AX Axos Financial, Inc.

Compare with NNI

Compare with NNI

Recent Insider Trading

Insider buy and sell transactions from the last 6 months

Date	Insider	Position	Transaction	Shares	Value
2026-04-15	MUNN WILLIAM J	General Counsel	Gift	1,052	-
2026-03-30	PETERSON ADAM K	Beneficial Owner of more than 10% of a Class of Security	Stock Award	9,544	-
2026-03-10	HEIMES TERRY J	Chief Operating Officer	Stock Award	14,019	-
2026-03-10	NOORDHOEK JEFFREY R	Chief Executive Officer	Stock Award	7,527	-
2026-03-10	KRUGER JAMES D	Chief Financial Officer	Stock Award	16,183	-
2026-03-10	DUNLAP MATTHEW W	Officer and Director	Stock Award	3,764	-
2026-03-10	OLINGER EMILY	Officer	Stock Award	3,990	-
2026-03-10	WENGER DEEANN	Officer	Stock Award	5,928	-
2026-03-10	MUNN WILLIAM J	General Counsel	Stock Award	5,608	-
2026-03-10	TEWES TIMOTHY A	President	Stock Award	16,183	-
2025-12-09	VAN DEUN JONA M	Director	Sale	400	$51,580
2025-11-19	DUNLAP MICHAEL S	Officer, Director and Beneficial Owner	Gift	35,000	-

MUNN WILLIAM J

General Counsel

Gift

2026-04-15

1,052 shares

PETERSON ADAM K

Beneficial Owner of more than 10% of a Class of Security

Stock Award

2026-03-30

9,544 shares

HEIMES TERRY J

Chief Operating Officer

Stock Award

2026-03-10

14,019 shares

NOORDHOEK JEFFREY R

Chief Executive Officer

Stock Award

2026-03-10

7,527 shares

KRUGER JAMES D

Chief Financial Officer

Stock Award

2026-03-10

16,183 shares

DUNLAP MATTHEW W

Officer and Director

Stock Award

2026-03-10

3,764 shares

OLINGER EMILY

Officer

Stock Award

2026-03-10

3,990 shares

WENGER DEEANN

Officer

Stock Award

2026-03-10

5,928 shares

MUNN WILLIAM J

General Counsel

Stock Award

2026-03-10

5,608 shares

TEWES TIMOTHY A

President

Stock Award

2026-03-10

16,183 shares

VAN DEUN JONA M

Director

Sell

2025-12-09

400 shares · $51,580

DUNLAP MICHAEL S

Officer, Director and Beneficial Owner

Gift

2025-11-19

35,000 shares

Insider transactions can signal confidence or concerns about company prospects

SEC Filings

Recent regulatory filings from the SEC EDGAR database

8-K

2026-04-30

DEF 14A

2026-04-02

NNI filed a Definitive Proxy Statement on April 2, 2026, providing shareholders with necessary information and voting materials for its upcoming annual meeting.

8-K

2026-04-02

NNI filed an 8-K on April 2, 2026, likely to announce its quarterly financial results.

8-K

2026-03-23

10-K

2026-02-26

NNI filed its annual 10-K report on February 26, 2026. Due to the absence of detailed text in the provided excerpts, specific financial highlights and risk factors cannot be determined.

8-K

2026-02-26

8-K

2026-02-02

NNI filed an 8-K on February 2, 2026, likely to announce its fourth-quarter and full-year financial results for the 2025 fiscal year.

8-K

2026-01-30

NNI likely reported its fourth-quarter and full-year financial results in this 8-K filing dated January 30, 2026.

8-K

2026-01-15

NNI filed an 8-K on January 15, 2026, likely to report preliminary year-end financial results.

8-K

2025-11-06

NNI filed an 8-K on November 6, 2025, likely to announce its third-quarter financial results.

10-Q

2025-11-06

8-K

2025-10-30

8-K

2025-10-23

8-K

2025-08-18

10-Q

2025-08-06

Data sourced from SEC EDGAR. AI summaries generated automatically.

Wall Street Analysts

Professional analyst ratings and price targets

Consensus

NONE

1 analysts

TD Cowen

2026-01-08

Maintains

Hold Hold

TD Cowen

2025-11-10

Maintains

Hold Hold

Past News Coverage

Recent headlines mentioning NNI from our newsroom.

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NNI

NNI Nelnet, Inc. - Fundamental Analysis

At a glance

AI Analysis

Key Strengths

Key Risks

Performance Snowflake

Stock Price & Analyst Targets

Multi-Horizon Performance vs Peers

Historical Performance Trends

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Valuation Metrics

Profitability

Growth

Financial Health

Financial Statement Flow

Quarterly Earnings History

Financial Services Sector Comparison

Similar Companies

Recent Insider Trading

SEC Filings

Wall Street Analysts

Past News Coverage

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