BidaskClub upgraded shares of Telenav (NASDAQ:TNAV) from a hold rating to a buy rating in a report released on Saturday morning.

A number of other equities analysts also recently commented on the company. ValuEngine upgraded Telenav from a sell rating to a hold rating in a report on Saturday, June 16th. Zacks Investment Research upgraded Telenav from a sell rating to a hold rating in a report on Thursday, April 5th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Telenav currently has a consensus rating of Buy and a consensus price target of $11.17.

Telenav stock opened at $6.25 on Friday. Telenav has a 12 month low of $4.50 and a 12 month high of $8.65.

Telenav (NASDAQ:TNAV) last released its quarterly earnings data on Thursday, May 3rd. The technology company reported ($0.58) EPS for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.02. The company had revenue of $13.82 million for the quarter, compared to the consensus estimate of $13.52 million. Telenav had a negative return on equity of 83.65% and a negative net margin of 58.01%. analysts predict that Telenav will post -1.97 EPS for the current year.

Several large investors have recently made changes to their positions in the stock. Ancora Advisors LLC raised its holdings in shares of Telenav by 91.6% during the 1st quarter. Ancora Advisors LLC now owns 198,111 shares of the technology company’s stock valued at $1,070,000 after buying an additional 94,705 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Telenav by 180.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 26,744 shares of the technology company’s stock valued at $145,000 after buying an additional 17,217 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Telenav by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,285,015 shares of the technology company’s stock valued at $6,939,000 after buying an additional 17,675 shares during the period. New York State Common Retirement Fund raised its holdings in shares of Telenav by 10.9% during the 1st quarter. New York State Common Retirement Fund now owns 418,605 shares of the technology company’s stock valued at $2,260,000 after buying an additional 41,200 shares during the period. Finally, King Luther Capital Management Corp raised its holdings in shares of Telenav by 45.5% during the 1st quarter. King Luther Capital Management Corp now owns 64,000 shares of the technology company’s stock valued at $346,000 after buying an additional 20,000 shares during the period. Institutional investors and hedge funds own 52.79% of the company’s stock.

About Telenav

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 mobile phone-based wireless connectivity and brought-in navigation services.

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