Press coverage about Telenav (NASDAQ:TNAV) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Telenav earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.4833598302948 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Telenav (TNAV) traded down $0.05 on Monday, reaching $5.00. The company’s stock had a trading volume of 57,000 shares, compared to its average volume of 86,555. Telenav has a 52 week low of $4.95 and a 52 week high of $10.15.
Telenav (NASDAQ:TNAV) last issued its quarterly earnings results 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). The business had revenue of $36.66 million during the quarter, compared to analyst estimates of $36.84 million. Telenav had a negative net margin of 32.94% and a negative return on equity of 41.16%. The company’s revenue was down 13.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.22) earnings per share. equities research analysts anticipate that Telenav will post -1.4 earnings per share for the current fiscal year.
Several research analysts recently issued reports on TNAV shares. BidaskClub downgraded Telenav from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. B. Riley reiterated a “buy” rating and issued a $11.00 price target on shares of Telenav in a report on Monday, July 31st. ValuEngine downgraded Telenav from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Finally, Zacks Investment Research downgraded Telenav from a “hold” rating to a “sell” rating in a report on Thursday. Three investment analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $12.00.
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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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