Telenav Inc. (NASDAQ:TNAV) Director Nokomis Capital, L.L.C. acquired 58,332 shares of the company’s stock in a transaction dated Wednesday, November 9th. The shares were acquired at an average price of $5.18 per share, for a total transaction of $302,159.76. 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 Friday, November 11th, Nokomis Capital, L.L.C. acquired 44,201 shares of Telenav stock. The shares were acquired at an average price of $5.29 per share, for a total transaction of $233,823.29.
  • On Tuesday, November 8th, Nokomis Capital, L.L.C. acquired 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.
  • On Monday, November 7th, Nokomis Capital, L.L.C. acquired 15,907 shares of Telenav stock. The shares were acquired at an average price of $4.99 per share, for a total transaction of $79,375.93.

Shares of Telenav Inc. (NASDAQ:TNAV) opened at 5.85 on Wednesday. The firm’s market capitalization is $252.36 million. The firm has a 50-day moving average of $5.64 and a 200 day moving average of $5.34. Telenav Inc. has a 52 week low of $4.47 and a 52 week high of $7.17.

Telenav (NASDAQ:TNAV) last released its quarterly earnings results on Tuesday, November 1st. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.05. The company earned $42.23 million during the quarter, compared to analysts’ expectations of $42.05 million. Telenav had a negative net margin of 18.63% and a negative return on equity of 22.85%. Telenav’s revenue was down 4.2% on a year-over-year basis. During the same period last year, the firm posted ($0.27) earnings per share. 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)

TNAV has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Telenav from a “hold” rating to a “buy” rating and set a $6.50 price objective on the stock in a research note on Tuesday, October 4th. FBR & Co initiated coverage on shares of Telenav in a research note on Monday, October 17th. They issued an “outperform” rating and a $15.00 target price for the company. Finally, B. Riley initiated coverage on shares of Telenav in a research note on Thursday, August 25th. They issued a “buy” rating and a $15.00 target price for the company. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Telenav presently has a consensus rating of “Hold” and a consensus target price of $10.50.

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

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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