News articles about Telenav (NASDAQ:TNAV) have been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Telenav earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 45.3978127365942 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several equities research analysts have weighed in on TNAV shares. Sidoti raised 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 reaffirmed a “buy” rating and set a $11.00 price target on shares of Telenav in a research report on Thursday, August 10th. Northland Securities set a $15.00 price target on Telenav and gave the stock a “buy” rating in a research report on Monday, July 10th. Zacks Investment Research raised Telenav from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, ValuEngine raised Telenav from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $12.00.
Shares of Telenav (TNAV) remained flat at $6.35 during midday trading on Tuesday. The stock had a trading volume of 55,991 shares. Telenav has a 1-year low of $4.80 and a 1-year high of $10.15. The firm’s market capitalization is $279.06 million. The company’s 50 day moving average price is $6.68 and its 200 day moving average price is $7.99.
Telenav (NASDAQ:TNAV) last announced its earnings results on Thursday, August 3rd. The technology company reported ($0.29) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.02. Telenav had a negative net margin of 27.87% and a negative return on equity of 32.05%. The business had revenue of $40.29 million during the quarter, compared to analysts’ expectations of $39.87 million. During the same period in the prior year, the company earned ($0.19) earnings per share. The business’s revenue was down 15.6% compared to the same quarter last year. On average, equities research analysts forecast that Telenav will post ($1.08) EPS for the current year.
In other news, CFO Michael Strambi sold 5,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $8.31, for a total value of $41,550.00. Following the completion of the sale, the chief financial officer now directly owns 37,613 shares of the company’s stock, valued at $312,564.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 24.60% of the stock is currently owned by corporate insiders.
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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.
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