Telenav, Inc. (TNAV) Scheduled to Post Earnings on Monday

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.

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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.

Earnings History for Telenav (NASDAQ:TNAV)

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