Telenav (NASDAQ:TNAV) posted its earnings results on Thursday. The technology company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.14, Fidelity Earnings reports. Telenav had a negative return on equity of 129.39% and a negative net margin of 83.93%. The business had revenue of $52.17 million during the quarter, compared to analysts’ expectations of $51.74 million. Telenav updated its Q2 2019 guidance to EPS.
Shares of TNAV traded down $0.20 during mid-day trading on Friday, hitting $4.14. 118,996 shares of the company’s stock were exchanged, compared to its average volume of 72,805. The stock has a market capitalization of $199.54 million, a P/E ratio of -2.12 and a beta of 0.79. Telenav has a 52 week low of $4.08 and a 52 week high of $6.60.
A number of analysts recently issued reports on TNAV shares. B. Riley reissued a “buy” rating on shares of Telenav in a research note on Monday, July 23rd. BidaskClub raised shares of Telenav from a “hold” rating to a “buy” rating in a research note on Wednesday, August 15th. Finally, Zacks Investment Research raised shares of Telenav from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a research note on Tuesday, August 14th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $8.33.
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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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