Telenav, Inc. (TNAV) Set to Announce Earnings on Monday
Telenav, Inc. (NASDAQ:TNAV) is scheduled to be releasing its earnings data after the market closes on Monday, July 31st. Analysts expect Telenav to post earnings of ($0.25) per share for the quarter.
Shares of Telenav, Inc. (NASDAQ:TNAV) opened at 7.95 on Monday. The stock’s market cap is $347.69 million. The stock’s 50 day moving average price is $8.33 and its 200 day moving average price is $8.42. Telenav, Inc. has a 1-year low of $4.64 and a 1-year high of $10.15.
In other Telenav news, VP Evan Berg sold 5,329 shares of Telenav stock in a transaction on Friday, May 5th. The stock was sold at an average price of $8.80, for a total transaction of $46,895.20. Following the sale, the vice president now owns 21,766 shares of the company’s stock, valued at approximately $191,540.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael Strambi sold 10,000 shares of Telenav stock in a transaction on Monday, May 8th. The shares were sold at an average price of $8.70, for a total value of $87,000.00. Following the sale, the chief financial officer now directly owns 41,578 shares in the company, valued at approximately $361,728.60. The disclosure for this sale can be found here. Insiders have sold a total of 20,329 shares of company stock worth $175,445 in the last ninety days. 24.60% of the stock is owned by company insiders.
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A number of research firms recently issued reports on TNAV. B. Riley restated a “buy” rating and set a $11.00 price objective on shares of Telenav in a research report on Wednesday, May 3rd. Northland Securities set a $15.00 price objective on Telenav and gave the company a “buy” rating in a research report on Monday, July 10th. Zacks Investment Research upgraded Telenav from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. ValuEngine upgraded Telenav from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Sidoti upgraded Telenav from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Friday, May 19th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $12.00.
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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