Telenav, Inc. (NASDAQ:TNAV) posted its quarterly earnings results on Thursday. The technology company reported ($0.37) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.06), reports. Telenav had a negative net margin of 32.94% and a negative return on equity of 39.14%. The business had revenue of $36.66 million during the quarter, compared to analysts’ expectations of $36.84 million. During the same quarter in the previous year, the business posted ($0.22) EPS. The company’s quarterly revenue was down 13.2% on a year-over-year basis.

Telenav (NASDAQ TNAV) traded down $0.35 during midday trading on Friday, reaching $5.75. 101,954 shares of the company traded hands, compared to its average volume of 66,952.

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TNAV has been the topic of several research reports. Northland Securities set a $15.00 price target on shares of Telenav and gave the company a “buy” rating in a report on Monday, July 10th. BidaskClub lowered shares of Telenav from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. B. Riley restated a “buy” rating and issued a $11.00 price target on shares of Telenav in a report on Monday. Finally, ValuEngine lowered shares of Telenav from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” 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.

Earnings History for Telenav (NASDAQ:TNAV)

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