Telenav (NASDAQ:TNAV) Receiving Somewhat Favorable News Coverage, Report Shows

Share on StockTwits

Media coverage about Telenav (NASDAQ:TNAV) has been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. 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 0.07 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 47.8177416712756 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

TNAV has been the subject of several research analyst reports. Craig Hallum set a $9.00 target price on Telenav and gave the stock a “buy” rating in a research note on Thursday, December 21st. B. Riley reissued a “buy” rating and set a $9.50 target price on shares of Telenav in a research note on Monday, January 29th. Zacks Investment Research raised Telenav from a “sell” rating to a “hold” rating in a research note on Friday, January 5th. Finally, ValuEngine downgraded Telenav from a “sell” rating to a “strong sell” rating in a research note on Friday, March 23rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $10.88.

Shares of NASDAQ:TNAV traded up $0.05 during midday trading on Thursday, hitting $5.30. 80,219 shares of the stock were exchanged, compared to its average volume of 83,190. The stock has a market cap of $227.21, a P/E ratio of -4.86 and a beta of 0.94. Telenav has a 12 month low of $4.50 and a 12 month high of $9.25.

Telenav (NASDAQ:TNAV) last released its quarterly earnings results on Thursday, February 1st. The technology company reported ($0.35) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.37) by $0.02. The company had revenue of $39.10 million for the quarter, compared to analysts’ expectations of $39.03 million. Telenav had a negative return on equity of 56.00% and a negative net margin of 38.56%. The business’s quarterly revenue was down 24.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.26) earnings per share. equities analysts forecast that Telenav will post -2.03 earnings per share for the current fiscal year.

In other news, CEO H.P. Jin purchased 20,000 shares of Telenav stock in a transaction dated Tuesday, February 20th. The shares were bought at an average cost of $5.66 per share, for a total transaction of $113,200.00. Following the completion of the acquisition, the chief executive officer now owns 1,399,854 shares in the company, valued at approximately $7,923,173.64. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 24.67% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was first published by BBNS and is owned by of BBNS. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://baseballnewssource.com/2018/04/05/somewhat-favorable-media-coverage-somewhat-unlikely-to-affect-telenav-tnav-share-price/2028628.html.

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.

Insider Buying and Selling by Quarter for Telenav (NASDAQ:TNAV)

Receive News & Ratings for Telenav Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telenav and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.