Wall Street brokerages expect Telenav Inc (NASDAQ:TNAV) to report earnings of ($0.62) per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Telenav’s earnings, with the lowest EPS estimate coming in at ($0.62) and the highest estimate coming in at ($0.61). Telenav posted earnings of ($0.27) per share in the same quarter last year, which indicates a negative year over year growth rate of 129.6%. The company is scheduled to announce its next quarterly earnings report on Tuesday, May 1st.
Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Telenav.
Telenav (NASDAQ:TNAV) last posted its quarterly earnings results on Thursday, February 1st. The technology company reported ($0.35) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.37) by $0.02. Telenav had a negative net margin of 38.56% and a negative return on equity of 56.00%. The company had revenue of $39.10 million during the quarter, compared to analyst estimates of $39.03 million. During the same period in the prior year, the business posted ($0.26) EPS. The firm’s revenue was down 24.8% compared to the same quarter last year.
A number of equities research analysts recently commented on TNAV shares. B. Riley reiterated a “buy” rating and set a $9.50 price target on shares of Telenav in a report on Monday, January 29th. Zacks Investment Research upgraded shares of Telenav from a “sell” rating to a “hold” rating in a report on Friday, January 5th. Craig Hallum set a $9.00 price target 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. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $10.88.
NASDAQ:TNAV traded down $0.20 during midday trading on Thursday, reaching $5.10. 20,490 shares of the stock traded hands, compared to its average volume of 77,486. Telenav has a 12 month low of $4.50 and a 12 month high of $9.25. The firm has a market capitalization of $227.22, a P/E ratio of -4.68 and a beta of 0.94.
In related news, CEO H.P. Jin acquired 20,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was acquired at an average cost 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 $7,923,173.64. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 24.67% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of TNAV. SG Americas Securities LLC bought a new position in Telenav in the 4th quarter worth $139,000. Stone Ridge Asset Management LLC purchased a new stake in shares of Telenav in the 4th quarter worth about $170,000. King Luther Capital Management Corp purchased a new stake in shares of Telenav in the 4th quarter worth about $242,000. Wells Fargo & Company MN grew its position in shares of Telenav by 33.8% in the 4th quarter. Wells Fargo & Company MN now owns 45,514 shares of the technology company’s stock worth $250,000 after buying an additional 11,487 shares during the period. Finally, Prudential Financial Inc. grew its position in shares of Telenav by 28.4% in the 3rd quarter. Prudential Financial Inc. now owns 69,535 shares of the technology company’s stock worth $442,000 after buying an additional 15,400 shares during the period. Institutional investors and hedge funds own 52.42% of the company’s stock.
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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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