Telenav (NASDAQ:TNAV) was upgraded by ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Saturday, June 2nd.
Separately, Zacks Investment Research raised shares of Telenav from a “sell” rating to a “hold” rating in a research report on Thursday, April 5th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $11.17.
Telenav opened at $6.20 on Friday, according to MarketBeat Ratings. Telenav has a twelve month low of $4.50 and a twelve month high of $8.65. The stock has a market capitalization of $277.41 million, a price-to-earnings ratio of -5.69 and a beta of 1.00.
Telenav (NASDAQ:TNAV) last posted its quarterly earnings results on Thursday, May 3rd. The technology company reported ($0.58) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.60) by $0.02. Telenav had a negative net margin of 58.01% and a negative return on equity of 83.65%. The company had revenue of $13.82 million for the quarter, compared to analyst estimates of $13.52 million. equities research analysts anticipate that Telenav will post -1.97 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of TNAV. SG Americas Securities LLC bought a new stake in Telenav during the 4th quarter worth approximately $139,000. The Manufacturers Life Insurance Company increased its holdings in Telenav by 180.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 26,744 shares of the technology company’s stock worth $145,000 after acquiring an additional 17,217 shares during the period. Stone Ridge Asset Management LLC bought a new stake in Telenav during the 4th quarter worth approximately $170,000. King Luther Capital Management Corp bought a new stake in Telenav during the 4th quarter worth approximately $242,000. Finally, Wells Fargo & Company MN increased its holdings in Telenav by 33.8% during the 4th quarter. Wells Fargo & Company MN now owns 45,514 shares of the technology company’s stock worth $250,000 after acquiring an additional 11,487 shares during the period. 52.79% of the stock is currently 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 mobile phone-based wireless connectivity and brought-in navigation services.
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