Telenav, Inc. (NASDAQ:TNAV) registered a 8.43% increase, still its new closing price is 115.88% up from the company’s 1 year high of 9.45.It posted 4.89% gains in previous 5 sessions and is now the subject of 1 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 2 buy or better ratings. The 5 stock analysts following this company have an average price target at $12.20, with individual PT in the $9.00-$15.50 range. The shares moved at $9.65, implying that brokerage firms see shares gaining about 64.12% in twelve months time.
Telenav, Inc. (TNAV) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a 36.88% rise year to date. A Director, 10% Owner at Telenav, Inc. (TNAV) acquired shares in a transaction closed on Friday December 02, 2016. Nokomis Capital, L.L.C. bought 36,076 shares in the company at $6 each and collected $216,000 in proceeds. Nokomis Capital, L.L.C. now owns 4,495,750 shares in the company after this transaction. A Director, 10% Owner in the company, Nokomis Capital, L.L.C., disclosed a transaction on Wednesday November 30, 2016 that ended up paying $404,001 from the purchase of 67,448 shares at $6 per share.
Telenav, Inc. (NASDAQ:TNAV) Upcoming Results on Tap
Telenav, Inc. will next provide financial results for the September 2017 quarter. Stock analysts expect it to report per-share earnings of $-0.15 in that period. Sales during the quarter are predicted to arrive at $55.1 million.
Earnings surprise history: Last quarter, the company posted approximately $52 million in revenue and EPS of $-0.07. The mean forecast was for $51.37 million and $-0.11 a share, respectively. One quarter earlier, revenue for the stock was at $42.23 million, with earnings at $-0.15/share.
Telenav, Inc. (TNAV) Brokerage Update
Telenav, Inc. (TNAV) is in Sidoti’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Buy by Sidoti, according to news reported on Friday January 20, 2017.Another important research note was issued by Robert W. Baird on Tuesday June 12, 2012.The firm downgraded TNAV to Underperform from Neutral. Over the last six months and over the last three months, the shares of Telenav, Inc. (TNAV), have changed 99.79% and 77.06%, respectively.