Telenav Inc (NASDAQ:TNAV) has received an average rating of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. 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. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $10.88.
TNAV has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Telenav from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. B. Riley reiterated a “buy” rating and issued a $9.50 price target on shares of Telenav in a report on Monday, January 29th. Craig Hallum set a $9.00 target price on shares of Telenav and gave the company a “buy” rating in a report on Thursday, December 21st. Finally, ValuEngine lowered shares of Telenav from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd.
In other Telenav news, CEO H.P. Jin bought 20,000 shares of Telenav stock in a transaction that occurred on Tuesday, February 20th. The shares were acquired at an average price of $5.66 per share, for a total transaction of $113,200.00. Following the acquisition, the chief executive officer now owns 1,399,854 shares of the company’s stock, valued at approximately $7,923,173.64. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 24.67% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Millennium Management LLC lifted its holdings in shares of Telenav by 288.9% during the 4th quarter. Millennium Management LLC now owns 149,613 shares of the technology company’s stock valued at $823,000 after acquiring an additional 111,141 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new stake in Telenav during the 4th quarter worth $170,000. Deutsche Bank AG increased its stake in Telenav by 193.7% during the 4th quarter. Deutsche Bank AG now owns 82,258 shares of the technology company’s stock worth $451,000 after buying an additional 54,254 shares during the period. Divisar Capital Management LLC increased its stake in Telenav by 5.0% during the 4th quarter. Divisar Capital Management LLC now owns 3,728,204 shares of the technology company’s stock worth $20,505,000 after buying an additional 178,013 shares during the period. Finally, Ariel Investments LLC increased its stake in Telenav by 21.2% during the 4th quarter. Ariel Investments LLC now owns 3,609,773 shares of the technology company’s stock worth $19,854,000 after buying an additional 632,037 shares during the period. Institutional investors and hedge funds own 52.42% of the company’s stock.
Shares of Telenav (NASDAQ:TNAV) traded up $0.05 on Friday, hitting $6.00. 149,619 shares of the company’s stock were exchanged, compared to its average volume of 52,875. The firm has a market cap of $265.08, a price-to-earnings ratio of -4.55 and a beta of 0.89. Telenav has a 52 week low of $4.50 and a 52 week high of $9.25.
Telenav (NASDAQ:TNAV) last announced its quarterly earnings results on Thursday, February 1st. The technology company reported ($0.35) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.37) by $0.02. The company had revenue of $39.10 million for the quarter, compared to analyst estimates of $39.03 million. Telenav had a negative net margin of 38.56% and a negative return on equity of 56.00%. Telenav’s revenue for the quarter was down 24.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.26) EPS. analysts predict that Telenav will post -2.03 EPS for the current fiscal year.
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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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