Shares of Telenav Inc (NASDAQ:TNAV) have received an average recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $5.08.
TNAV has been the topic of a number of research analyst reports. BidaskClub raised Telenav from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. B. Riley cut Telenav from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $7.50 to $5.00 in a research note on Thursday. Zacks Investment Research raised Telenav from a “hold” rating to a “buy” rating and set a $5.25 target price for the company in a research note on Saturday, February 8th. ValuEngine raised Telenav from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. Finally, TheStreet raised Telenav from a “d” rating to a “c-” rating in a research note on Tuesday, February 18th.
Telenav stock traded down $0.15 during midday trading on Monday, reaching $4.68. The company’s stock had a trading volume of 7,880 shares, compared to its average volume of 460,452. The stock’s 50-day simple moving average is $5.56 and its 200-day simple moving average is $5.07. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.97 and a quick ratio of 1.97. Telenav has a 52-week low of $3.71 and a 52-week high of $11.67. The stock has a market capitalization of $234.01 million, a P/E ratio of -10.61 and a beta of -0.22.
Telenav (NASDAQ:TNAV) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.23. The company had revenue of $67.35 million during the quarter, compared to analysts’ expectations of $56.26 million. Telenav had a negative return on equity of 13.83% and a negative net margin of 8.21%. As a group, equities research analysts expect that Telenav will post 0.08 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the business. Algert Global LLC grew its stake in Telenav by 50.2% in the fourth quarter. Algert Global LLC now owns 68,757 shares of the technology company’s stock worth $334,000 after purchasing an additional 22,970 shares in the last quarter. AXA lifted its position in Telenav by 156.0% during the 4th quarter. AXA now owns 163,300 shares of the technology company’s stock worth $794,000 after acquiring an additional 99,500 shares during the last quarter. Divisar Capital Management LLC lifted its position in Telenav by 14.1% during the 4th quarter. Divisar Capital Management LLC now owns 2,600,136 shares of the technology company’s stock worth $12,637,000 after acquiring an additional 321,512 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Telenav by 94.9% during the fourth quarter. AQR Capital Management LLC now owns 55,379 shares of the technology company’s stock valued at $269,000 after buying an additional 26,972 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Telenav by 14.4% during the fourth quarter. Bank of America Corp DE now owns 17,178 shares of the technology company’s stock valued at $84,000 after buying an additional 2,165 shares during the last quarter. Hedge funds and other institutional investors own 52.70% of the company’s stock.
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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