News headlines about Telenav (NASDAQ:TNAV) have been trending somewhat positive recently, according to Accern. Accern scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Telenav earned a news impact score of 0.12 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 45.0575719338554 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment’s rankings:
TNAV has been the subject of a number of recent analyst reports. B. Riley reiterated a “buy” rating and issued a $9.50 price target on shares of Telenav in a research report on Monday, January 29th. ValuEngine lowered shares of Telenav from a “sell” rating to a “strong sell” rating in a research report on Friday, March 23rd. Zacks Investment Research upgraded shares of Telenav from a “sell” rating to a “hold” rating in a research report on Thursday, April 5th. Finally, Craig Hallum set a $9.00 price target on shares of Telenav and gave the stock a “buy” rating in a research report on Thursday, December 21st. Two investment 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. The stock currently has an average rating of “Hold” and a consensus price target of $10.88.
Shares of TNAV traded down $0.03 during mid-day trading on Friday, reaching $5.17. The stock had a trading volume of 6,540 shares, compared to its average volume of 77,799. The firm has a market cap of $233.90, a P/E ratio of -4.74 and a beta of 0.94. Telenav has a 12 month low of $4.50 and a 12 month high of $9.25.
Telenav (NASDAQ:TNAV) last posted its quarterly earnings results on Thursday, February 1st. The technology company reported ($0.35) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.37) by $0.02. The business had revenue of $39.10 million during 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%. The company’s revenue was down 24.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.26) earnings per share. equities research analysts expect that Telenav will post -2.03 EPS for the current year.
In related news, CEO H.P. Jin bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was purchased at an average price of $5.07 per share, for a total transaction of $50,700.00. Following the completion of the transaction, the chief executive officer now owns 1,389,854 shares in the company, valued at $7,046,559.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 24.67% 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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