Nokomis Capital, L.L.C. Buys 15,907 Shares of Telenav Inc. (TNAV) Stock
Telenav Inc. (NASDAQ:TNAV) Director Nokomis Capital, L.L.C. bought 15,907 shares of the business’s stock in a transaction on Monday, November 7th. The shares were acquired at an average price of $4.99 per share, for a total transaction of $79,375.93. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Nokomis Capital, L.L.C. also recently made the following trade(s):
- On Tuesday, November 8th, Nokomis Capital, L.L.C. bought 66,718 shares of Telenav stock. The shares were acquired at an average price of $5.05 per share, for a total transaction of $336,925.90.
Telenav Inc. (NASDAQ:TNAV) opened at 5.40 on Friday. The stock’s market capitalization is $232.95 million. Telenav Inc. has a 1-year low of $4.47 and a 1-year high of $7.17. The stock has a 50 day moving average price of $5.61 and a 200-day moving average price of $5.34.
Telenav (NASDAQ:TNAV) last issued its quarterly earnings data on Tuesday, November 1st. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.05. The business earned $42.23 million during the quarter, compared to the consensus estimate of $42.05 million. Telenav had a negative return on equity of 22.85% and a negative net margin of 18.63%. The business’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period last year, the firm earned ($0.27) EPS. Equities research analysts expect that Telenav Inc. will post ($0.62) EPS for the current year.
A number of equities analysts have recently issued reports on TNAV shares. Zacks Investment Research upgraded Telenav from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a research note on Tuesday, October 4th. FBR & Co started coverage on Telenav in a research note on Monday, October 17th. They issued an “outperform” rating and a $15.00 price target on the stock. Finally, B. Riley started coverage on Telenav in a research note on Thursday, August 25th. They issued a “buy” rating and a $15.00 price target on the stock. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.50.
A number of institutional investors have recently modified their holdings of TNAV. Prudential Financial Inc. acquired a new position in shares of Telenav during the first quarter worth approximately $349,000. Keane Capital Partners LLC acquired a new position in shares of Telenav during the first quarter worth approximately $1,319,000. Springbok Capital Management LLC increased its position in shares of Telenav by 0.6% in the first quarter. Springbok Capital Management LLC now owns 81,501 shares of the company’s stock worth $481,000 after buying an additional 450 shares during the period. Bank of New York Mellon Corp increased its position in shares of Telenav by 10.6% in the second quarter. Bank of New York Mellon Corp now owns 96,937 shares of the company’s stock worth $495,000 after buying an additional 9,319 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Telenav by 2.0% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 36,540 shares of the company’s stock worth $186,000 after buying an additional 730 shares during the period. 46.72% of the stock is owned by institutional investors.
TeleNav, Inc provides of location-based platform services consisting of map and navigation platform, and advertising delivery platform. The Company’s map and navigation platform delivers location based services to developers, auto manufacturers and end users. The Company’s uses map and navigation platform as the basis for delivering enhanced mobile applications.
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