Analysts predict that Telenav Inc (NASDAQ:TNAV) will report earnings of ($0.13) per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Telenav’s earnings, with the highest EPS estimate coming in at ($0.12) and the lowest estimate coming in at ($0.14). Telenav reported earnings of ($0.60) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 78.3%. The firm is expected to announce its next earnings report on Thursday, May 2nd.
Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Telenav.
Telenav (NASDAQ:TNAV) last released its quarterly earnings data on Thursday, February 7th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.07. The business had revenue of $57.18 million for 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%.
A number of research firms have recently issued reports on TNAV. ValuEngine upgraded Telenav from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 20th. Zacks Investment Research cut Telenav from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. Finally, BidaskClub cut Telenav from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 30th.
In other news, Director Nokomis Capital, L.L.C. acquired 100,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average cost of $6.10 per share, for a total transaction of $610,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have bought 257,251 shares of company stock worth $1,453,157. 24.82% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in the business. Rhumbline Advisers grew its position in Telenav by 47.7% in the fourth quarter. Rhumbline Advisers now owns 41,745 shares of the technology company’s stock valued at $169,000 after acquiring an additional 13,477 shares during the period. Geode Capital Management LLC grew its position in Telenav by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 318,613 shares of the technology company’s stock valued at $1,293,000 after acquiring an additional 13,498 shares during the period. B. Riley Wealth Management Inc. bought a new stake in Telenav in the third quarter valued at $72,000. Barclays PLC grew its position in Telenav by 150.3% in the fourth quarter. Barclays PLC now owns 29,297 shares of the technology company’s stock valued at $119,000 after acquiring an additional 17,592 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Telenav by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,187,880 shares of the technology company’s stock valued at $4,823,000 after acquiring an additional 20,195 shares during the period. Hedge funds and other institutional investors own 48.99% of the company’s stock.
TNAV opened at $6.55 on Friday. The company has a market cap of $300.56 million, a PE ratio of -3.36 and a beta of 0.98. Telenav has a 1 year low of $3.35 and a 1 year high of $7.00.
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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