Analysts Expect Telenav Inc (NASDAQ:TNAV) to Announce -$0.09 EPS

Wall Street analysts expect Telenav Inc (NASDAQ:TNAV) to report earnings of ($0.09) per share for the current quarter, Zacks reports. Two analysts have issued estimates for Telenav’s earnings. The highest EPS estimate is ($0.08) and the lowest is ($0.09). Telenav posted earnings of ($0.06) per share in the same quarter last year, which would suggest a negative year over year growth rate of 50%. The firm is expected to announce its next quarterly earnings report on Thursday, February 6th.

Zacks’ EPS calculations are an average based on a survey of analysts that that provide coverage for Telenav.

Several brokerages recently issued reports on TNAV. B. Riley reduced their price objective on Telenav from $10.50 to $7.50 and set a “buy” rating on the stock in a research note on Friday, September 6th. Craig Hallum lowered shares of Telenav from a “buy” rating to a “hold” rating and dropped their price target for the company from $13.00 to $5.00 in a research note on Thursday, September 5th. BidaskClub upgraded Telenav from a “hold” rating to a “buy” rating in a research report on Monday, November 25th. ValuEngine lowered shares of Telenav from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Finally, Zacks Investment Research upgraded shares of Telenav from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Friday, August 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $8.88.

In other news, SVP Philipp Wolfgang Josef Kandal sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $10.40, for a total transaction of $104,000.00. Following the completion of the sale, the senior vice president now directly owns 164,590 shares of the company’s stock, valued at approximately $1,711,736. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO H.P. Jin bought 50,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average price of $4.90 per share, for a total transaction of $245,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,273,927 shares in the company, valued at $11,142,242.30. The disclosure for this purchase can be found here. Company insiders own 21.32% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can lifted its stake in Telenav by 275.2% in the 2nd quarter. Bank of Montreal Can now owns 3,673 shares of the technology company’s stock worth $30,000 after acquiring an additional 2,694 shares in the last quarter. Quantamental Technologies LLC increased its holdings in shares of Telenav by 1,452.7% in the 2nd quarter. Quantamental Technologies LLC now owns 4,658 shares of the technology company’s stock valued at $37,000 after purchasing an additional 4,358 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of Telenav in the second quarter worth approximately $50,000. Royal Bank of Canada lifted its position in shares of Telenav by 42.1% in the second quarter. Royal Bank of Canada now owns 6,562 shares of the technology company’s stock worth $52,000 after purchasing an additional 1,945 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Telenav during the third quarter worth approximately $64,000. Institutional investors and hedge funds own 51.24% of the company’s stock.

TNAV stock traded down $0.04 during mid-day trading on Friday, hitting $5.27. 12,248 shares of the company were exchanged, compared to its average volume of 379,700. The company has a market capitalization of $277.80 million, a PE ratio of -8.12 and a beta of 0.45. Telenav has a twelve month low of $3.35 and a twelve month high of $11.67. The firm has a fifty day simple moving average of $4.92 and a 200 day simple moving average of $7.13. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.07.

Telenav Company Profile

Telenav, Inc, together with its subsidiaries provides connected car and location-based platform services in the United States and internationally. The company operates through three segments: Automotive, Advertising, and Mobile Navigation. It offers automotive navigation services, including on-board solutions, which consist of software, map, and points of interest data loaded in vehicles that provide voice-guided turn by turn navigation displayed on the vehicle screen; and brought-in navigation services.

See Also: Equal Weight Rating

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