Telenav Inc. (NASDAQ:TNAV) Director Nokomis Capital, L.L.C. acquired 44,201 shares of the stock in a transaction dated Friday, November 11th. The shares were acquired at an average cost of $5.29 per share, with a total value of $233,823.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Nokomis Capital, L.L.C. also recently made the following trade(s):

  • On Wednesday, November 9th, Nokomis Capital, L.L.C. acquired 58,332 shares of Telenav stock. The shares were acquired at an average cost of $5.18 per share, with a total value of $302,159.76.
  • On Tuesday, November 8th, Nokomis Capital, L.L.C. acquired 66,718 shares of Telenav stock. The shares were acquired at an average cost of $5.05 per share, with a total value of $336,925.90.
  • On Monday, November 7th, Nokomis Capital, L.L.C. acquired 15,907 shares of Telenav stock. The shares were acquired at an average cost of $4.99 per share, with a total value of $79,375.93.

Shares of Telenav Inc. (NASDAQ:TNAV) opened at 5.95 on Tuesday. The stock has a 50 day moving average price of $5.64 and a 200 day moving average price of $5.34. The stock’s market capitalization is $256.68 million. Telenav Inc. has a 12-month low of $4.47 and a 12-month high of $7.17.

Telenav (NASDAQ:TNAV) last released its quarterly earnings data on Tuesday, November 1st. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.17) by $0.05. Telenav had a negative net margin of 18.63% and a negative return on equity of 22.85%. The company earned $42.23 million during the quarter, compared to analysts’ expectations of $42.05 million. During the same period last year, the business earned ($0.27) earnings per share. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, equities analysts anticipate that Telenav Inc. will post ($0.62) earnings per share for the current fiscal year.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company bought a new position in Telenav during the third quarter valued at approximately $147,000. Spark Investment Management LLC raised its position in Telenav by 67.4% in the third quarter. Spark Investment Management LLC now owns 29,300 shares of the company’s stock valued at $167,000 after buying an additional 11,800 shares during the period. Emerald Acquisition Ltd. raised its position in Telenav by 95.9% in the third quarter. Emerald Acquisition Ltd. now owns 144,501 shares of the company’s stock valued at $827,000 after buying an additional 70,725 shares during the period. California State Teachers Retirement System raised its position in Telenav by 1.0% in the third quarter. California State Teachers Retirement System now owns 69,030 shares of the company’s stock valued at $396,000 after buying an additional 700 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its position in Telenav by 1.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 410,887 shares of the company’s stock valued at $2,354,000 after buying an additional 4,322 shares during the period. 46.70% of the stock is currently owned by institutional investors.

TNAV has been the subject of several analyst reports. FBR & Co set a $15.00 price objective on Telenav and gave the stock a “buy” rating in a research report on Wednesday, November 2nd. B. Riley reaffirmed a “buy” rating and set a $10.00 price objective on shares of Telenav in a research report on Wednesday, November 2nd. Finally, Zacks Investment Research raised Telenav from a “hold” rating to a “buy” rating and set a $6.50 price objective for the company in a research report on Tuesday, October 4th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.50.

Telenav Company Profile

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.

5 Day Chart for NASDAQ:TNAV

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