News headlines about Telenav (NASDAQ:TNAV) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Telenav earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 47.8177416712756 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Telenav from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. ValuEngine cut shares of Telenav from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. 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, December 21st. Finally, B. Riley reiterated a “buy” rating and issued a $9.50 price objective on shares of Telenav in a research note on Monday, January 29th. 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 currently has an average rating of “Hold” and an average target price of $10.88.
Shares of TNAV stock traded down $0.05 during trading hours on Wednesday, reaching $5.60. 1,183 shares of the company traded hands, compared to its average volume of 77,956. Telenav has a one year low of $4.50 and a one year high of $9.25.
In other news, CEO H.P. Jin acquired 20,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was purchased at an average cost of $5.66 per share, with a total value of $113,200.00. Following the completion of the purchase, the chief executive officer now owns 1,399,854 shares in the company, valued at approximately $7,923,173.64. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 24.67% of the company’s stock.
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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