Zacks: Brokerages Anticipate Telenav Inc (NASDAQ:TNAV) to Announce -$0.09 EPS

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Brokerages expect Telenav Inc (NASDAQ:TNAV) to announce earnings of ($0.09) per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Telenav’s earnings. The highest EPS estimate is ($0.08) and the lowest is ($0.09). Telenav reported 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 Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Telenav.

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

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

Several large investors have recently made changes to their positions in TNAV. BlackRock Inc. increased its position in shares of Telenav by 62.4% during the second quarter. BlackRock Inc. now owns 2,779,478 shares of the technology company’s stock worth $22,238,000 after acquiring an additional 1,068,251 shares during the period. Vanguard Group Inc. lifted its stake in shares of Telenav by 1.1% during the second quarter. Vanguard Group Inc. now owns 1,789,480 shares of the technology company’s stock worth $14,316,000 after buying an additional 20,225 shares during the period. Millennium Management LLC acquired a new stake in shares of Telenav during the third quarter worth $5,490,000. Renaissance Technologies LLC lifted its stake in shares of Telenav by 68.7% during the second quarter. Renaissance Technologies LLC now owns 1,004,869 shares of the technology company’s stock worth $8,039,000 after buying an additional 409,200 shares during the period. Finally, State Street Corp lifted its stake in shares of Telenav by 22.4% during the third quarter. State Street Corp now owns 752,843 shares of the technology company’s stock worth $3,599,000 after buying an additional 138,007 shares during the period. 51.24% of the stock is owned by hedge funds and other institutional investors.

TNAV stock opened at $5.72 on Friday. The stock has a market capitalization of $277.80 million, a PE ratio of -8.80 and a beta of 0.45. Telenav has a 12-month low of $3.35 and a 12-month high of $11.67. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.07. The stock’s 50 day simple moving average is $4.85 and its 200 day simple moving average is $7.16.

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.

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