Telenav Inc (NASDAQ:TNAV) Expected to Post Earnings of -$0.05 Per Share

Analysts forecast that Telenav Inc (NASDAQ:TNAV) will report ($0.05) earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for Telenav’s earnings. The highest EPS estimate is ($0.04) and the lowest is ($0.06). Telenav posted earnings per share of ($0.14) in the same quarter last year, which suggests a positive year-over-year growth rate of 64.3%. The business is expected to issue its next quarterly earnings report on Thursday, November 14th.

Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Telenav.

Telenav (NASDAQ:TNAV) last released its quarterly earnings results on Thursday, August 8th. The technology company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.04). Telenav had a negative net margin of 14.88% and a negative return on equity of 31.39%. The firm had revenue of $58.45 million during the quarter, compared to the consensus estimate of $53.27 million.

Several equities analysts recently commented on the stock. Craig Hallum lowered shares of Telenav from a “buy” rating to a “hold” rating and decreased their price objective for the company from $13.00 to $5.00 in a research report on Thursday, September 5th. ValuEngine lowered shares of Telenav from a “hold” rating to a “sell” rating in a research report on Tuesday, October 15th. Northland Securities lowered shares of Telenav from an “outperform” rating to a “market perform” rating in a research report on Friday, September 6th. BidaskClub lowered shares of Telenav from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 5th. Finally, B. Riley decreased their price objective on shares of Telenav from $10.50 to $7.50 and set a “buy” rating for the company in a research report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $8.88.

Shares of Telenav stock traded up $0.08 during midday trading on Monday, hitting $4.52. The company had a trading volume of 332,200 shares, compared to its average volume of 476,302. The stock has a market cap of $220.57 million, a price-to-earnings ratio of -6.95 and a beta of 0.39. The company has a fifty day simple moving average of $5.45 and a 200 day simple moving average of $7.43. Telenav has a 12-month low of $3.35 and a 12-month high of $11.67.

In other Telenav news, SVP Philipp Wolfgang Josef Kandal sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $10.40, for a total transaction of $104,000.00. Following the completion of the transaction, the senior vice president now directly owns 164,590 shares of the company’s stock, valued at approximately $1,711,736. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Hassan Wahla sold 25,511 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $11.43, for a total transaction of $291,590.73. Following the transaction, the insider now directly owns 92,786 shares of the company’s stock, valued at $1,060,543.98. The disclosure for this sale can be found here. Insiders have sold a total of 521,404 shares of company stock valued at $5,462,082 over the last three months. 21.32% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC grew its stake in shares of Telenav by 1,392.2% during the 2nd quarter. Acadian Asset Management LLC now owns 247,400 shares of the technology company’s stock worth $1,979,000 after purchasing an additional 230,820 shares during the period. Cetera Advisor Networks LLC acquired a new stake in shares of Telenav during the 2nd quarter worth approximately $81,000. Menta Capital LLC acquired a new stake in shares of Telenav during the 2nd quarter worth approximately $94,000. Ellington Management Group LLC acquired a new stake in shares of Telenav during the 2nd quarter worth approximately $184,000. Finally, Algert Global LLC acquired a new stake in shares of Telenav during the 2nd quarter worth approximately $794,000. 49.23% of the stock is owned by institutional investors.

Telenav Company Profile

Telenav, Inc, together with its subsidiaries provides connected car and location-based platform services in the United States and internationally. The company operates through three segments: Automotive, Advertising, and Mobile Navigation. It offers automotive navigation services, including on-board solutions, which consist of software, map, and points of interest data loaded in vehicles that provide voice-guided turn by turn navigation displayed on the vehicle screen; and brought-in navigation services.

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