Telenav Inc. (NASDAQ:TNAV) shares were down 2.1% on Tuesday . The company traded as low as $5.08 and last traded at $5.09, with a volume of 52,669 shares trading hands. The stock had previously closed at $5.20.

A number of research analysts have recently weighed in on TNAV shares. Zacks Investment Research downgraded shares of Telenav from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 6th. B. Riley reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Telenav in a report on Tuesday, April 19th.

The company has a 50-day moving average of $5.16 and a 200-day moving average of $5.45. The firm’s market capitalization is $216.58 million.

Telenav (NASDAQ:TNAV) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by $0.02. During the same period in the prior year, the business posted ($0.03) earnings per share. The company had revenue of $46.30 million for the quarter, compared to the consensus estimate of $44.78 million. Telenav’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, analysts predict that Telenav Inc. will post ($0.63) earnings per share for the current year.

A hedge fund recently raised its stake in Telenav stock. Dimensional Fund Advisors LP boosted its stake in Telenav Inc. (NASDAQ:TNAV) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,208,610 shares of the company’s stock after buying an additional 10,334 shares during the period. Dimensional Fund Advisors LP owned about 2.92% of Telenav worth $6,877,000 as of its most recent SEC filing.

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.

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