Susquehanna International Group LLP Buys 3,595 Shares of Telenav, Inc. (TNAV)

Susquehanna International Group LLP boosted its stake in shares of Telenav, Inc. (NASDAQ:TNAV) by 21.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,676 shares of the technology company’s stock after purchasing an additional 3,595 shares during the period. Susquehanna International Group LLP’s holdings in Telenav were worth $167,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of TNAV. Divisar Capital Management LLC boosted its position in Telenav by 26.6% during the second quarter. Divisar Capital Management LLC now owns 2,640,381 shares of the technology company’s stock valued at $21,387,000 after purchasing an additional 554,399 shares during the last quarter. Driehaus Capital Management LLC acquired a new position in Telenav during the first quarter valued at approximately $3,649,000. B. Riley Financial Inc. boosted its position in Telenav by 171.9% during the second quarter. B. Riley Financial Inc. now owns 375,393 shares of the technology company’s stock valued at $3,041,000 after purchasing an additional 237,321 shares during the last quarter. Vanguard Group Inc. boosted its position in Telenav by 15.0% during the first quarter. Vanguard Group Inc. now owns 1,200,607 shares of the technology company’s stock valued at $10,385,000 after purchasing an additional 156,248 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Telenav by 33.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 264,910 shares of the technology company’s stock valued at $2,146,000 after purchasing an additional 66,278 shares during the last quarter. 53.48% of the stock is owned by hedge funds and other institutional investors.

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Shares of Telenav, Inc. (NASDAQ TNAV) opened at 6.40 on Thursday. Telenav, Inc. has a 52-week low of $4.80 and a 52-week high of $10.15. The firm’s market capitalization is $281.25 million. The stock has a 50 day moving average price of $6.46 and a 200-day moving average price of $7.61.

Telenav (NASDAQ:TNAV) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.29) EPS for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.02. The firm had revenue of $40.29 million during the quarter, compared to analyst estimates of $39.87 million. Telenav had a negative return on equity of 32.05% and a negative net margin of 27.87%. The company’s revenue for the quarter was down 15.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.19) EPS. Equities analysts forecast that Telenav, Inc. will post ($1.08) EPS for the current year.

Several brokerages recently commented on TNAV. B. Riley reissued a “buy” rating and set a $11.00 price target on shares of Telenav in a research report on Monday, July 31st. BidaskClub cut Telenav from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. ValuEngine cut Telenav from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Northland Securities set a $15.00 price target on Telenav and gave the company a “buy” rating in a research report on Monday, July 10th. Finally, Zacks Investment Research raised Telenav from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $12.75.

Telenav 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.

Institutional Ownership by Quarter for Telenav (NASDAQ:TNAV)

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