Telenav Inc. (TNAV) Shares Down 6%
Telenav Inc. (NASDAQ:TNAV) was down 6% on Monday . The company traded as low as $4.64 and last traded at $4.68, with a volume of 69,312 shares trading hands. The stock had previously closed at $4.98.
A number of equities research analysts have weighed in on TNAV shares. Zacks Investment Research upgraded Telenav from a “sell” rating to a “hold” rating in a research report on Wednesday, June 8th. B. Riley reaffirmed a “buy” rating and set a $15.00 price objective on shares of Telenav in a research note on Tuesday, April 19th.
The company’s market cap is $201.27 million. The stock’s 50-day moving average price is $5.16 and its 200 day moving average price is $5.45.
An institutional investor recently raised its position in Telenav stock. Dimensional Fund Advisors LP raised its position in shares of Telenav Inc. (NASDAQ:TNAV) by 0.9% during the fourth quarter, according to its most recent disclosure 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 about 2.92% of Telenav worth $6,877,000 as of its most recent filing with the SEC.
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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