Telenav, Inc. (NASDAQ:TNAV) has earned an average rating of “Hold” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $12.00.

Several brokerages have weighed in on TNAV. Zacks Investment Research downgraded Telenav from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. B. Riley reiterated a “buy” rating and issued a $11.00 price objective on shares of Telenav in a research report on Monday, October 30th. BidaskClub upgraded Telenav from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Finally, ValuEngine downgraded Telenav from a “hold” rating to a “sell” rating in a research report on Monday, August 14th.

Several institutional investors have recently made changes to their positions in TNAV. Voya Investment Management LLC bought a new position in shares of Telenav during the second quarter valued at approximately $111,000. Susquehanna International Group LLP raised its holdings in shares of Telenav by 21.0% during the second quarter. Susquehanna International Group LLP now owns 20,676 shares of the technology company’s stock valued at $167,000 after acquiring an additional 3,595 shares in the last quarter. American International Group Inc. raised its holdings in shares of Telenav by 7.1% during the first quarter. American International Group Inc. now owns 20,066 shares of the technology company’s stock valued at $174,000 after acquiring an additional 1,328 shares in the last quarter. Alliancebernstein L.P. bought a new position in shares of Telenav during the second quarter valued at approximately $179,000. Finally, Strs Ohio raised its holdings in shares of Telenav by 63.3% during the second quarter. Strs Ohio now owns 24,500 shares of the technology company’s stock valued at $198,000 after acquiring an additional 9,500 shares in the last quarter. Institutional investors own 52.56% of the company’s stock.

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Shares of Telenav (TNAV) traded down $0.05 during mid-day trading on Friday, reaching $4.85. The company’s stock had a trading volume of 74,100 shares, compared to its average volume of 132,381. Telenav has a 12-month low of $4.80 and a 12-month high of $10.15.

Telenav (NASDAQ:TNAV) last announced its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.37) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.06). Telenav had a negative net margin of 32.94% and a negative return on equity of 41.16%. The company had revenue of $36.66 million during the quarter, compared to the consensus estimate of $36.84 million. During the same quarter in the previous year, the firm posted ($0.22) EPS. The business’s revenue for the quarter was down 13.2% compared to the same quarter last year. equities research analysts forecast that Telenav will post -1.4 EPS for the current fiscal year.

Telenav Company Profile

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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