Telenav Inc. (NASDAQ:TNAV)’s share price traded down 6% during trading on Monday . The company traded as low as $4.64 and last traded at $4.68, with a volume of 69,312 shares. The stock had previously closed at $4.98.

A number of equities analysts have recently commented on the company. B. Riley reiterated a “buy” rating and issued a $15.00 price objective on shares of Telenav in a research note on Tuesday, May 10th. Zacks Investment Research upgraded Telenav from a “sell” rating to a “hold” rating in a research note on Friday, July 1st.

The stock’s 50-day moving average is $5.14 and its 200 day moving average is $5.44. The stock’s market cap is $203.82 million.

Telenav (NASDAQ:TNAV) last released its earnings results on Tuesday, August 2nd. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.05. The firm had revenue of $47.80 million for the quarter, compared to the consensus estimate of $41.69 million. Telenav’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the company posted ($0.12) EPS. Equities research analysts anticipate that Telenav Inc. will post ($0.63) EPS for the current fiscal year.

A hedge fund recently raised its stake in Telenav stock. Dimensional Fund Advisors LP raised its position in Telenav Inc. (NASDAQ:TNAV) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 approximately 2.92% of Telenav worth $6,877,000 at the end of the most recent quarter.

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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