News headlines about Telenav (NASDAQ:TNAV) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Telenav earned a daily sentiment score of 0.04 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 47.0801297110393 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several equities research analysts recently issued reports on TNAV shares. Zacks Investment Research raised Telenav from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Northland Securities set a $15.00 price objective on Telenav and gave the stock a “buy” rating in a research note on Monday, July 10th. BidaskClub downgraded Telenav from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. B. Riley reissued a “buy” rating and issued a $11.00 price objective on shares of Telenav in a research note on Monday, July 31st. Finally, ValuEngine downgraded Telenav from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Telenav currently has a consensus rating of “Hold” and an average target price of $12.75.
Telenav (NASDAQ TNAV) traded down 0.79% during midday trading on Friday, hitting $6.25. The stock had a trading volume of 237,981 shares. The firm’s market cap is $274.66 million. Telenav has a 52 week low of $4.80 and a 52 week high of $10.15. The stock has a 50-day moving average of $6.43 and a 200-day moving average of $7.53.
Telenav (NASDAQ:TNAV) last posted its earnings results on Thursday, August 3rd. The technology company reported ($0.29) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.02. The firm had revenue of $40.29 million for the quarter, compared to analysts’ expectations of $39.87 million. Telenav had a negative net margin of 27.87% and a negative return on equity of 32.05%. The company’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.19) EPS. Analysts forecast that Telenav will post ($1.08) EPS for the current fiscal year.
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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.
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