Telenav Inc (NASDAQ:TNAV) has been assigned a consensus broker rating score of 1.40 (Strong Buy) from the five analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and four have issued a strong buy recommendation on the company.
Brokers have set a 12 month consensus target price of $12.00 for the company and are forecasting that the company will post ($0.28) EPS for the current quarter, according to Zacks. Zacks has also given Telenav an industry rank of 197 out of 265 based on the ratings given to related companies.
A number of equities analysts have weighed in on TNAV shares. Zacks Investment Research downgraded Telenav from a “buy” rating to a “hold” rating in a research report on Saturday, January 28th. Sidoti downgraded Telenav from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research report on Friday, January 20th. Finally, B. Riley reissued a “buy” rating and set a $11.00 price target on shares of Telenav in a research report on Wednesday, January 25th.
Shares of Telenav (NASDAQ:TNAV) traded up 1.73% on Monday, reaching $8.80. The company’s stock had a trading volume of 29,012 shares. Telenav has a 1-year low of $4.47 and a 1-year high of $10.15. The company’s 50 day moving average is $8.51 and its 200-day moving average is $7.37. The stock’s market cap is $381.08 million.
Telenav (NASDAQ:TNAV) last announced its quarterly earnings results on Tuesday, January 31st. The technology company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.15. The business had revenue of $52 million for the quarter, compared to analyst estimates of $51.37 million. Telenav had a negative return on equity of 22.25% and a negative net margin of 20.50%. Telenav’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.16) EPS. On average, equities analysts predict that Telenav will post ($0.65) earnings per share for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in the company. Nokomis Capital L.L.C. boosted its stake in shares of Telenav by 12.1% in the fourth quarter. Nokomis Capital L.L.C. now owns 4,495,750 shares of the technology company’s stock worth $31,695,000 after buying an additional 487,014 shares in the last quarter. Divisar Capital Management LLC purchased a new stake in shares of Telenav during the fourth quarter worth about $12,189,000. Dimensional Fund Advisors LP boosted its stake in shares of Telenav by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,292,912 shares of the technology company’s stock worth $9,115,000 after buying an additional 25,948 shares in the last quarter. Penn Capital Management Co. Inc. boosted its stake in shares of Telenav by 123.4% in the third quarter. Penn Capital Management Co. Inc. now owns 769,678 shares of the technology company’s stock worth $4,410,000 after buying an additional 425,173 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Telenav by 11.4% in the fourth quarter. Renaissance Technologies LLC now owns 502,700 shares of the technology company’s stock worth $3,544,000 after buying an additional 51,300 shares in the last quarter. 47.06% of the stock is currently owned by hedge funds and other institutional investors.
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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