Telenav, Inc. (NASDAQ:TNAV) Set to Announce Earnings on Monday

Telenav, Inc. (NASDAQ:TNAV) will be releasing its earnings data after the market closes on Monday, July 31st. Analysts expect Telenav to post earnings of ($0.25) per share for the quarter.

Shares of Telenav, Inc. (TNAV) opened at 7.95 on Monday. The company’s market cap is $347.69 million. Telenav, Inc. has a 52 week low of $4.64 and a 52 week high of $10.15. The firm’s 50-day moving average price is $8.33 and its 200 day moving average price is $8.42.

A number of equities research analysts recently commented on TNAV shares. Zacks Investment Research lowered Telenav from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. ValuEngine upgraded Telenav from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Sidoti upgraded Telenav from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Friday, May 19th. B. Riley restated a “buy” rating and set a $11.00 price target on shares of Telenav in a research report on Monday, May 8th. Finally, Northland Securities set a $15.00 price objective on Telenav and gave the stock a “buy” rating in a report on Monday, July 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $12.00.

In other Telenav news, CFO Michael Strambi sold 10,000 shares of the company’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $8.70, for a total transaction of $87,000.00. Following the transaction, the chief financial officer now owns 41,578 shares of the company’s stock, valued at approximately $361,728.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Evan Berg sold 5,329 shares of the company’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $8.80, for a total value of $46,895.20. Following the transaction, the vice president now directly owns 21,766 shares in the company, valued at approximately $191,540.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,329 shares of company stock worth $175,445. Company insiders own 24.60% of the company’s stock.

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Telenav Company Profile

TeleNav, Inc (Telenav) is a provider of location-based platform services. The Company’s services consist of its automotive and mobile navigation platform and its advertising delivery platform. The Company operates through three segments: automotive, advertising and mobile navigation. The automotive segment provides its map and navigation platform to auto manufacturers and original equipment manufacturers (OEMs) for distribution with their vehicles.