News coverage about Telenav (NASDAQ:TNAV) has been trending somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Telenav earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 47.6490526537196 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several equities research analysts have recently issued reports on the company. ValuEngine cut Telenav from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. B. Riley reaffirmed a “buy” rating and issued a $9.50 target price on shares of Telenav in a report on Monday, January 29th. Zacks Investment Research raised Telenav from a “sell” rating to a “hold” rating in a report on Friday, January 5th. Finally, Craig Hallum set a $9.00 price objective on Telenav and gave the stock a “buy” rating in a research note on Thursday, December 21st. Two equities 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. Telenav has an average rating of “Hold” and an average target price of $10.88.
Shares of Telenav (NASDAQ:TNAV) traded down $0.05 during trading hours on Wednesday, hitting $6.10. The company’s stock had a trading volume of 26,256 shares, compared to its average volume of 80,362. Telenav has a fifty-two week low of $4.50 and a fifty-two week high of $9.25. The stock has a market capitalization of $276.22, a price-to-earnings ratio of -4.62 and a beta of 0.89.
In related news, CEO H.P. Jin bought 20,000 shares of the stock in a transaction on Tuesday, February 20th. The stock was bought at an average price of $5.66 per share, for a total transaction of $113,200.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,399,854 shares in the company, valued at $7,923,173.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 24.67% of the stock is owned by corporate insiders.
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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