BidaskClub lowered shares of Telenav, Inc. (NASDAQ:TNAV) from a hold rating to a sell rating in a research note published on Tuesday.

Other equities research analysts have also recently issued research reports about the company. B. Riley reiterated a buy rating and set a $11.00 target price on shares of Telenav in a report on Monday, May 8th. Sidoti upgraded Telenav from a neutral rating to a buy rating and set a $10.00 target price on the stock in a report on Friday, May 19th. Northland Securities set a $15.00 target price on Telenav and gave the company a buy rating in a report on Monday, July 10th. Zacks Investment Research upgraded Telenav from a sell rating to a hold rating in a report on Wednesday, July 5th. Finally, ValuEngine upgraded Telenav from a sell rating to a hold rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $12.00.

Telenav (TNAV) traded up 2.05% during trading on Tuesday, reaching $7.45. The company’s stock had a trading volume of 71,213 shares. The company has a 50 day moving average price of $8.18 and a 200-day moving average price of $8.44. Telenav has a 52 week low of $4.64 and a 52 week high of $10.15. The company’s market capitalization is $325.82 million.

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In other news, VP Evan Berg sold 5,329 shares of the firm’s 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Strambi sold 10,000 shares of the firm’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $8.70, for a total value of $87,000.00. Following the sale, the chief financial officer now owns 41,578 shares in the company, valued at approximately $361,728.60. The disclosure for this sale can be found here. Insiders have sold 20,329 shares of company stock worth $175,445 in the last 90 days. Insiders own 24.60% of the company’s stock.

Large investors have recently bought and sold shares of the company. Thompson Davis & CO. Inc. boosted its stake in Telenav by 4.9% in the first quarter. Thompson Davis & CO. Inc. now owns 14,950 shares of the technology company’s stock valued at $129,000 after buying an additional 700 shares during the period. American International Group Inc. boosted its stake in Telenav by 7.1% in the first quarter. American International Group Inc. now owns 20,066 shares of the technology company’s stock valued at $174,000 after buying an additional 1,328 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in Telenav by 17.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 24,462 shares of the technology company’s stock valued at $212,000 after buying an additional 3,691 shares during the period. Parkwood LLC boosted its stake in Telenav by 42.5% in the first quarter. Parkwood LLC now owns 14,680 shares of the technology company’s stock valued at $127,000 after buying an additional 4,375 shares during the period. Finally, Teachers Advisors LLC boosted its stake in Telenav by 8.3% in the first quarter. Teachers Advisors LLC now owns 80,438 shares of the technology company’s stock valued at $696,000 after buying an additional 6,148 shares during the period. Institutional investors and hedge funds own 51.72% 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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