Telenav (TNAV) Given Daily News Sentiment Score of 0.14
Media stories about Telenav (NASDAQ:TNAV) have been trending somewhat positive on Saturday, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Telenav earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 46.2840931197068 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of research firms have weighed in on TNAV. B. Riley restated a “buy” rating and issued a $11.00 price target on shares of Telenav in a report on Thursday, August 10th. ValuEngine cut Telenav from a “hold” rating to a “sell” rating in a report on Monday, August 14th. BidaskClub cut Telenav from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Northland Securities set a $15.00 price target on Telenav and gave the stock a “buy” rating in a report on Monday, July 10th. Finally, Zacks Investment Research upgraded Telenav from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Telenav has a consensus rating of “Hold” and a consensus price target of $12.00.
Telenav (TNAV) traded up 0.81% during trading on Friday, hitting $6.20. The stock had a trading volume of 65,774 shares. The company’s 50-day moving average is $7.45 and its 200 day moving average is $8.24. Telenav has a 52 week low of $4.80 and a 52 week high of $10.15. The firm’s market cap is $272.46 million.
Telenav (NASDAQ:TNAV) last released its earnings results on Thursday, August 3rd. The technology company reported ($0.29) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.31) by $0.02. The firm had revenue of $40.29 million for the quarter, compared to analyst estimates of $39.87 million. Telenav had a negative return on equity of 30.87% and a negative net margin of 27.87%. The company’s revenue was down 15.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.19) EPS. Equities analysts expect that Telenav will post ($1.08) EPS for the current fiscal year.
In other Telenav news, CFO Michael Strambi sold 5,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $312,564.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 24.60% of the company’s stock.
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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.
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