Telenav (NASDAQ:TNAV) received a $9.00 price objective from stock analysts at Craig Hallum in a research report issued to clients and investors on Thursday, December 21st. The firm presently has a “buy” rating on the technology company’s stock. Craig Hallum’s price objective indicates a potential upside of 60.71% from the company’s current price.
A number of other equities research analysts also recently commented on TNAV. BidaskClub raised shares of Telenav from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. B. Riley reissued a “buy” rating and set a $11.00 price objective on shares of Telenav in a research report on Monday, October 30th. Finally, Zacks Investment Research downgraded shares of Telenav from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $11.25.
Telenav (TNAV) opened at $5.60 on Thursday. The stock has a market cap of $248.15, a P/E ratio of -4.52 and a beta of 0.87. Telenav has a 1-year low of $4.50 and a 1-year high of $10.15.
Telenav (NASDAQ:TNAV) last announced its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.37) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.06). The firm had revenue of $36.66 million for the quarter, compared to the consensus estimate of $36.84 million. Telenav had a negative net margin of 32.94% and a negative return on equity of 41.16%. Telenav’s revenue was down 13.2% on a year-over-year basis. During the same period last year, the business earned ($0.22) EPS. analysts expect that Telenav will post -1.4 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the business. Prudential Financial Inc. lifted its stake in Telenav by 2.8% in the 2nd quarter. Prudential Financial Inc. now owns 54,135 shares of the technology company’s stock worth $438,000 after purchasing an additional 1,500 shares in the last quarter. Susquehanna International Group LLP raised its position in shares of Telenav by 21.0% during the 2nd quarter. Susquehanna International Group LLP now owns 20,676 shares of the technology company’s stock valued at $167,000 after buying an additional 3,595 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Telenav by 17.0% during the 2nd quarter. Wells Fargo & Company MN now owns 25,063 shares of the technology company’s stock valued at $202,000 after buying an additional 3,633 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of Telenav by 17.8% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 24,462 shares of the technology company’s stock valued at $212,000 after buying an additional 3,691 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in shares of Telenav by 8.3% during the 1st quarter. Teachers Advisors LLC now owns 80,438 shares of the technology company’s stock valued at $696,000 after buying an additional 6,148 shares in the last quarter. Institutional investors and hedge funds own 53.75% 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.
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