Telenav Inc (NASDAQ:TNAV) traded up 13.5% on Thursday . The company traded as high as $5.80 and last traded at $5.45. 514,956 shares traded hands during trading, an increase of 285% from the average session volume of 133,715 shares. The stock had previously closed at $4.80.
A number of equities research analysts recently weighed in on the stock. Craig Hallum set a $9.00 price objective on shares of Telenav and gave the company a “buy” rating in a research note on Thursday. Zacks Investment Research upgraded shares of Telenav from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. B. Riley restated a “buy” rating and set a $11.00 price objective on shares of Telenav in a research note on Monday, October 30th. Finally, BidaskClub upgraded shares of Telenav from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $11.25.
Telenav (NASDAQ:TNAV) last released its earnings results on Thursday, November 2nd. The technology company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.06). The firm had revenue of $36.66 million for the quarter, compared to analyst estimates of $36.84 million. Telenav had a negative return on equity of 41.16% and a negative net margin of 32.94%. Telenav’s revenue was down 13.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.22) earnings per share. analysts predict that Telenav Inc will post -1.4 EPS for the current fiscal year.
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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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