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.
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.
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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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