Insider Selling: Dariusz Paczuski Sells 6,658 Shares of TeleNav Stock (TNAV)
TeleNav (NASDAQ:TNAV) VP Dariusz Paczuski unloaded 6,658 shares of the stock on the open market in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $7.06, for a total value of $47,005.48. Following the transaction, the vice president now directly owns 10,924 shares in the company, valued at approximately $77,123. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
TNAV has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of TeleNav from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a $7.70 price target on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of TeleNav from $6.50 to $7.00 in a research note to investors on Friday, October 25th. They now have a “neutral” rating on the stock.
Shares of TeleNav (NASDAQ:TNAV) traded up 2.43% on Wednesday, hitting $7.17. 213,180 shares of the company’s stock traded hands. TeleNav has a 52-week low of $4.91 and a 52-week high of $8.43. The stock’s 50-day moving average is $5.75 and its 200-day moving average is $5.80. The company has a market cap of $279.4 million and a price-to-earnings ratio of 28.00.
TeleNav (NASDAQ:TNAV) last announced its earnings results on Thursday, October 24th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.03. The company had revenue of $44.30 million for the quarter, compared to the consensus estimate of $41.50 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts predict that TeleNav will post $-0.12 earnings per share for the current fiscal year.
TeleNav, Inc, formerly TNAV Holdings, Inc, is a provider of location based services (NASDAQ:TNAV), including voice guided navigation on mobile phones.
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