Somewhat Positive Press Coverage Somewhat Unlikely to Impact Telenav (TNAV) Stock Price

News articles about Telenav (NASDAQ:TNAV) have trended somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Telenav earned a news sentiment score of 0.02 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 46.226756746141 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Telenav (TNAV) traded down $0.05 during trading on Friday, hitting $4.90. 49,049 shares of the stock traded hands, compared to its average volume of 91,306. Telenav has a 12 month low of $4.70 and a 12 month high of $10.15.

Telenav (NASDAQ:TNAV) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.37) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.06). The company had revenue of $36.66 million during the quarter, compared to analyst estimates of $36.84 million. Telenav had a negative net margin of 32.94% and a negative return on equity of 41.16%. The firm’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.22) EPS. sell-side analysts expect that Telenav will post -1.4 EPS for the current fiscal year.

Several research firms have recently weighed in on TNAV. B. Riley reiterated a “buy” rating and issued a $11.00 price target on shares of Telenav in a report on Thursday, August 10th. ValuEngine cut shares of Telenav from a “hold” rating to a “sell” rating in a report on Monday, August 14th. BidaskClub cut shares of Telenav from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research cut shares of Telenav from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $12.00.

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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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