Telenav, Inc. (NASDAQ:TNAV) has been given a consensus rating of “Hold” by the six analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $12.00.

A number of research firms have recently weighed in on TNAV. B. Riley restated a “buy” rating and issued a $11.00 price target on shares of Telenav in a research note on Thursday, August 10th. Zacks Investment Research upgraded shares of Telenav from a “sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine downgraded shares of Telenav from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Finally, BidaskClub upgraded shares of Telenav from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th.

A number of hedge funds and other institutional investors have recently modified their holdings of TNAV. Voya Investment Management LLC bought a new position in Telenav during the 2nd quarter worth approximately $111,000. Susquehanna International Group LLP raised its holdings in Telenav by 21.0% during the 2nd quarter. Susquehanna International Group LLP now owns 20,676 shares of the technology company’s stock worth $167,000 after purchasing an additional 3,595 shares during the last quarter. Alliancebernstein L.P. bought a new position in Telenav during the 2nd quarter worth approximately $179,000. Strs Ohio raised its holdings in Telenav by 63.3% during the 2nd quarter. Strs Ohio now owns 24,500 shares of the technology company’s stock worth $198,000 after purchasing an additional 9,500 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Telenav by 17.0% during the 2nd quarter. Wells Fargo & Company MN now owns 25,063 shares of the technology company’s stock worth $202,000 after purchasing an additional 3,633 shares during the last quarter. Institutional investors and hedge funds own 53.75% of the company’s stock.

Telenav (NASDAQ TNAV) traded down $0.15 on Thursday, hitting $4.85. 124,200 shares of the stock were exchanged, compared to its average volume of 129,280. Telenav has a one year low of $4.70 and a one year high of $10.15.

Telenav (NASDAQ:TNAV) last posted its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.06). Telenav had a negative net margin of 32.94% and a negative return on equity of 41.16%. The company had revenue of $36.66 million during the quarter, compared to analyst estimates of $36.84 million. During the same quarter in the previous year, the business posted ($0.22) earnings per share. The company’s revenue for the quarter was down 13.2% on a year-over-year basis. sell-side analysts anticipate that Telenav will post -1.4 earnings per share for the current year.

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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.

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