Telenav Inc (NASDAQ:TNAV) Director Nokomis Capital, L.L.C. acquired 100,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was purchased at an average cost of $6.10 per share, with a total value of $610,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Nokomis Capital, L.L.C. also recently made the following trade(s):

  • On Thursday, February 14th, Nokomis Capital, L.L.C. acquired 69,193 shares of Telenav stock. The stock was purchased at an average cost of $5.20 per share, with a total value of $359,803.60.
  • On Tuesday, February 12th, Nokomis Capital, L.L.C. bought 50,400 shares of Telenav stock. The shares were acquired at an average price of $5.04 per share, with a total value of $254,016.00.

Telenav stock opened at $6.06 on Friday. The company has a market cap of $275.98 million, a PE ratio of -3.11 and a beta of 0.98. Telenav Inc has a 52 week low of $3.35 and a 52 week high of $6.60.

Telenav (NASDAQ:TNAV) last released its earnings results on Thursday, February 7th. The technology company reported ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.07. The company had revenue of $57.18 million during the quarter, compared to analysts’ expectations of $52.71 million. Telenav had a negative return on equity of 93.98% and a negative net margin of 50.00%. As a group, sell-side analysts anticipate that Telenav Inc will post -0.62 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Northern Trust Corp lifted its stake in Telenav by 5.7% during the second quarter. Northern Trust Corp now owns 349,901 shares of the technology company’s stock worth $1,960,000 after purchasing an additional 18,858 shares during the last quarter. Wasatch Advisors Inc. bought a new position in Telenav during the third quarter worth $2,706,000. BlackRock Inc. lifted its stake in Telenav by 1.3% during the third quarter. BlackRock Inc. now owns 1,688,150 shares of the technology company’s stock worth $8,526,000 after purchasing an additional 22,342 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in Telenav by 163.4% during the third quarter. Panagora Asset Management Inc. now owns 71,162 shares of the technology company’s stock worth $359,000 after purchasing an additional 44,147 shares during the last quarter. Finally, ARS Investment Partners LLC lifted its stake in Telenav by 11.0% during the third quarter. ARS Investment Partners LLC now owns 201,846 shares of the technology company’s stock worth $1,019,000 after purchasing an additional 19,951 shares during the last quarter. Institutional investors own 48.99% of the company’s stock.

Several equities analysts have recently commented on the company. ValuEngine upgraded Telenav from a “hold” rating to a “buy” rating in a research note on Thursday, February 28th. BidaskClub upgraded Telenav from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 22nd. Finally, Zacks Investment Research upgraded Telenav from a “hold” rating to a “buy” rating and set a $5.75 target price for the company in a research note on Thursday, February 14th.

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Telenav Company Profile

Telenav, Inc, together with its subsidiaries provides connected car and location-based platform services in the United States and internationally. The company operates through three segments: Automotive, Advertising, and Mobile Navigation. It offers automotive navigation services, including on-board solutions, which consist of software, map, and points of interest data loaded in vehicles that provide voice-guided turn by turn navigation displayed on the vehicle screen; and brought-in navigation services.

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Insider Buying and Selling by Quarter for Telenav (NASDAQ:TNAV)

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