Telenav, Inc. (TNAV) Receives $12.00 Average Price Target from Analysts

Telenav, Inc. (NASDAQ:TNAV) has earned an average rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $12.00.

A number of equities research analysts recently weighed in on TNAV shares. Zacks Investment Research downgraded shares of Telenav from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. B. Riley reissued a “buy” rating and set a $11.00 price target on shares of Telenav in a research note on Monday, October 30th. BidaskClub raised shares of Telenav from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Finally, ValuEngine downgraded shares of Telenav from a “hold” rating to a “sell” rating in a research note on Monday, August 14th.

Telenav (TNAV) remained flat at $$4.85 during mid-day trading on Thursday. 27,711 shares of the company traded hands, compared to its average volume of 74,186. 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 data on Thursday, November 2nd. The technology company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.06). The firm had revenue of $36.66 million during the quarter, compared to the consensus estimate of $36.84 million. Telenav had a negative net margin of 32.94% and a negative return on equity of 41.16%. Telenav’s revenue was down 13.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.22) earnings per share. equities analysts forecast that Telenav will post -1.4 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of TNAV. Divisar Capital Management LLC grew its holdings in shares of Telenav by 26.6% in the second quarter. Divisar Capital Management LLC now owns 2,640,381 shares of the technology company’s stock worth $21,387,000 after purchasing an additional 554,399 shares during the last quarter. B. Riley Financial Inc. boosted its holdings in Telenav by 131.7% in the third quarter. B. Riley Financial Inc. now owns 869,660 shares of the technology company’s stock valued at $5,522,000 after acquiring an additional 494,267 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Telenav by 15.0% in the first quarter. Vanguard Group Inc. now owns 1,200,607 shares of the technology company’s stock valued at $10,385,000 after acquiring an additional 156,248 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Telenav by 28.9% in the third quarter. New York State Common Retirement Fund now owns 347,305 shares of the technology company’s stock valued at $2,205,000 after acquiring an additional 77,900 shares in the last quarter. Finally, Essex Investment Management Co. LLC boosted its holdings in Telenav by 44.4% in the third quarter. Essex Investment Management Co. LLC now owns 244,268 shares of the technology company’s stock valued at $1,551,000 after acquiring an additional 75,088 shares in the last quarter. Hedge funds and other institutional investors own 53.75% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Telenav, Inc. (TNAV) Receives $12.00 Average Price Target from Analysts” was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://sportsperspectives.com/2017/12/10/telenav-inc-tnav-receives-12-00-average-price-target-from-analysts.html.

About Telenav

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.

Receive News & Ratings for Telenav Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telenav Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply