Telenav Inc. (NASDAQ:TNAV) Director Nokomis Capital, L.L.C. acquired 66,718 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The shares were purchased at an average cost of $5.05 per share, with a total value of $336,925.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 purchased at an average cost of $5.18 per share, with a total value of $302,159.76.
  • On Friday, November 11th, Nokomis Capital, L.L.C. acquired 44,201 shares of Telenav stock. The shares were purchased at an average cost of $5.29 per share, with a total value of $233,823.29.
  • On Monday, November 7th, Nokomis Capital, L.L.C. acquired 15,907 shares of Telenav stock. The shares were purchased 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’s market capitalization is $256.68 million. The company has a 50-day moving average of $5.64 and a 200-day moving average of $5.34. 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) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by $0.05. Telenav had a negative return on equity of 22.85% and a negative net margin of 18.63%. The business earned $42.23 million during the quarter, compared to analyst estimates of $42.05 million. During the same period in the previous year, the company earned ($0.27) EPS. Telenav’s revenue was down 4.2% on a year-over-year basis. On average, equities research analysts expect that Telenav Inc. will post ($0.62) EPS for the current fiscal year.

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

Several large investors have recently added to or reduced their stakes in the company. Prudential Financial Inc. raised its stake in Telenav by 8.6% in the second quarter. Prudential Financial Inc. now owns 64,265 shares of the company’s stock valued at $328,000 after buying an additional 5,100 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Telenav by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,264,546 shares of the company’s stock valued at $6,449,000 after buying an additional 12,199 shares during the last quarter. Nationwide Fund Advisors raised its stake in Telenav by 88.0% in the second quarter. Nationwide Fund Advisors now owns 56,007 shares of the company’s stock valued at $286,000 after buying an additional 26,222 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in 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 valued at $186,000 after buying an additional 730 shares during the last quarter. Finally, Granite Point Capital Management L.P. acquired a new stake in Telenav during the second quarter valued at about $639,000. 46.70% of the stock is owned by institutional investors.

TNAV has been the subject of several recent analyst reports. B. Riley reaffirmed a “buy” rating and set a $10.00 price objective on shares of Telenav in a research report on Friday, October 28th. Zacks Investment Research raised shares of 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. Finally, FBR & Co initiated coverage on shares of Telenav in a research report on Monday, October 17th. They set an “outperform” rating and a $15.00 price objective for the company. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target 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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