Telenav Inc (NASDAQ:TNAV) insider Hassan Wahla bought 20,000 shares of the firm’s stock in a transaction dated Thursday, December 6th. The shares were acquired at an average price of $3.79 per share, for a total transaction of $75,800.00. Following the acquisition, the insider now directly owns 137,426 shares of the company’s stock, valued at approximately $520,844.54. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of TNAV traded down $0.26 during trading hours on Friday, hitting $3.51. 137,932 shares of the stock traded hands, compared to its average volume of 56,011. Telenav Inc has a 1-year low of $3.43 and a 1-year high of $6.60. The firm has a market capitalization of $170.63 million, a PE ratio of -1.80 and a beta of 0.80.
Telenav (NASDAQ:TNAV) last issued its quarterly earnings results on Thursday, November 8th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.14. Telenav had a negative return on equity of 115.32% and a negative net margin of 66.53%. The business had revenue of $52.17 million for the quarter, compared to analyst estimates of $51.74 million. As a group, equities analysts predict that Telenav Inc will post -0.68 EPS for the current fiscal year.
Several brokerages have recently commented on TNAV. BidaskClub upgraded Telenav from a “hold” rating to a “buy” rating in a report on Wednesday, August 15th. Zacks Investment Research upgraded Telenav from a “hold” rating to a “buy” rating and set a $6.50 target price on the stock in a report on Tuesday, August 14th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Telenav currently has a consensus rating of “Buy” and an average target price of $7.92.
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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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