Telenav, Inc. (NASDAQ:TNAV) is scheduled to announce its earnings results after the market closes on Monday, July 31st. Analysts expect the company to announce earnings of ($0.25) per share for the quarter.
Telenav, Inc. (NASDAQ:TNAV) opened at 7.45 on Friday. Telenav, Inc. has a 52 week low of $4.64 and a 52 week high of $10.15. The company’s market cap is $325.82 million. The stock’s 50 day moving average price is $8.18 and its 200-day moving average price is $8.44.
Several equities analysts recently commented on the company. Zacks Investment Research upgraded Telenav from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. B. Riley reiterated a “buy” rating and issued a $11.00 price objective on shares of Telenav in a research note on Wednesday, May 3rd. Sidoti upgraded Telenav from a “neutral” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Friday, May 19th. Northland Securities set a $15.00 price objective on Telenav and gave the company a “buy” rating in a research note on Monday, July 10th. Finally, BidaskClub downgraded Telenav from a “hold” rating to a “sell” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $12.00.
In other Telenav news, VP Evan Berg sold 5,329 shares of the stock in a transaction on Friday, May 5th. The stock was sold at an average price of $8.80, for a total transaction of $46,895.20. Following the sale, the vice president now owns 21,766 shares in the company, valued at $191,540.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Michael Strambi sold 5,000 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $8.31, for a total value of $41,550.00. Following the sale, the chief financial officer now owns 37,613 shares in the company, valued at approximately $312,564.03. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,329 shares of company stock worth $175,445. Company insiders own 24.60% of the company’s stock.
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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