News stories about Telenav (NASDAQ:TNAV) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Telenav earned a news sentiment score of 0.04 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 46.957567573691 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Shares of Telenav (NASDAQ:TNAV) remained flat at $6.65 during trading on Thursday. The company had a trading volume of 75,215 shares. The company’s 50 day moving average price is $6.46 and its 200-day moving average price is $7.68. The company’s market cap is $292.24 million. Telenav has a 12-month low of $4.80 and a 12-month high of $10.15.

Telenav (NASDAQ:TNAV) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.29) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.31) by $0.02. The company had revenue of $40.29 million for the quarter, compared to analysts’ expectations of $39.87 million. Telenav had a negative return on equity of 32.05% and a negative net margin of 27.87%. The business’s revenue for the quarter was down 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.19) earnings per share. Analysts forecast that Telenav will post ($1.08) earnings per share for the current fiscal year.

Several analysts have commented on TNAV shares. B. Riley reaffirmed a “buy” rating and set a $11.00 price objective on shares of Telenav in a research note on Thursday, August 10th. Northland Securities set a $15.00 target price on Telenav and gave the stock a “buy” rating in a research note on Monday, July 10th. Zacks Investment Research raised Telenav from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub downgraded Telenav from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, ValuEngine downgraded Telenav from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. Telenav presently has a consensus rating of “Hold” and a consensus target price of $12.75.

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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.

Insider Buying and Selling by Quarter for Telenav (NASDAQ:TNAV)

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