Telenav, Inc. (NASDAQ:TNAV) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

A number of other analysts also recently commented on the company. Northland Securities set a $15.00 target price on Telenav and gave the stock a “buy” rating in a research note on Monday, July 10th. Zacks Investment Research upgraded Telenav from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. ValuEngine upgraded Telenav from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Sidoti upgraded Telenav from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Friday, May 19th. Finally, B. Riley restated a “buy” rating and issued a $11.00 target price on shares of Telenav in a research note on Monday, May 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Telenav presently has a consensus rating of “Hold” and an average price target of $12.00.

Telenav (TNAV) traded up 0.962% on Tuesday, hitting $7.875. The stock had a trading volume of 32,633 shares. Telenav has a 12 month low of $4.64 and a 12 month high of $10.15. The stock’s market cap is $344.41 million. The company’s 50 day moving average is $8.30 and its 200-day moving average is $8.45.

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In other Telenav news, CFO Michael Strambi sold 5,000 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $8.31, for a total transaction of $41,550.00. Following the transaction, the chief financial officer now owns 37,613 shares in the company, valued at $312,564.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Evan Berg sold 5,329 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $8.80, for a total value of $46,895.20. Following the completion of the transaction, the vice president now owns 21,766 shares in the company, valued at approximately $191,540.80. The disclosure for this sale can be found here. Insiders have sold 20,329 shares of company stock worth $175,445 in the last quarter. 24.60% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Driehaus Capital Management LLC purchased a new position in Telenav during the first quarter valued at $3,649,000. Lyon Street Capital LLC increased its position in Telenav by 99.3% in the first quarter. Lyon Street Capital LLC now owns 519,619 shares of the technology company’s stock valued at $4,495,000 after buying an additional 258,843 shares during the period. Metropolitan Life Insurance Co. NY increased its position in Telenav by 17.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 24,462 shares of the technology company’s stock valued at $212,000 after buying an additional 3,691 shares during the period. Divisar Capital Management LLC increased its position in Telenav by 20.6% in the first quarter. Divisar Capital Management LLC now owns 2,085,982 shares of the technology company’s stock valued at $18,044,000 after buying an additional 357,012 shares during the period. Finally, Geode Capital Management LLC increased its position in Telenav by 22.1% in the first quarter. Geode Capital Management LLC now owns 255,625 shares of the technology company’s stock valued at $2,211,000 after buying an additional 46,266 shares during the period. Institutional investors and hedge funds own 51.72% of the company’s stock.

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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