Telenav (TNAV) Earns News Impact Score of 0.13
Media stories about Telenav (NASDAQ:TNAV) have been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Telenav earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.0812752052487 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- TeleNav, Inc. :TNAV-US: Earnings Analysis: 2017 By the Numbers : August 30, 2017 (finance.yahoo.com)
- Momo (MOMO) & Telenav (TNAV) Head to Head Contrast (americanbankingnews.com)
- Telenav, Inc. (TNAV) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Telenav (TNAV) and Snap (SNAP) Financial Survey (americanbankingnews.com)
- Telenav, Inc. (TNAV) Upgraded at BidaskClub (americanbankingnews.com)
A number of brokerages have recently commented on TNAV. B. Riley reissued a “buy” rating and issued a $11.00 price objective on shares of Telenav in a research report on Thursday, August 10th. BidaskClub raised shares of Telenav from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. ValuEngine lowered shares of Telenav from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Northland Securities set a $15.00 price objective on shares of Telenav and gave the stock a “buy” rating in a research report on Monday, July 10th. Finally, Zacks Investment Research raised shares of Telenav from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $12.00.
Shares of Telenav (TNAV) traded up 0.78% during mid-day trading on Thursday, hitting $6.50. 47,356 shares of the stock were exchanged. The stock’s 50 day moving average price is $7.02 and its 200-day moving average price is $8.09. Telenav has a 12-month low of $4.80 and a 12-month high of $10.15. The stock’s market capitalization is $285.65 million.
Telenav (NASDAQ:TNAV) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.29) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.02. Telenav had a negative return on equity of 30.87% and a negative net margin of 27.87%. The business had revenue of $40.29 million for the quarter, compared to analysts’ expectations of $39.87 million. During the same period last year, the business earned ($0.19) EPS. The business’s revenue was down 15.6% on a year-over-year basis. On average, equities research analysts expect that Telenav will post ($1.08) EPS for the current fiscal year.
In other Telenav news, CFO Michael Strambi sold 5,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $8.31, for a total transaction of $41,550.00. Following the transaction, the chief financial officer now directly owns 37,613 shares in the company, valued at approximately $312,564.03. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 24.60% of the stock is currently owned by company insiders.
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TeleNav, Inc (Telenav) is a provider of location-based platform services. The Company’s services consist of its automotive and mobile navigation platform and its advertising delivery platform. The Company operates through three segments: automotive, advertising and mobile navigation. The automotive segment provides its map and navigation platform to auto manufacturers and original equipment manufacturers (OEMs) for distribution with their vehicles.
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