Telenav Inc (NASDAQ:TNAV) CEO H.P. Jin bought 10,000 shares of the company’s stock in a transaction dated Wednesday, November 21st. The stock was bought at an average price of $4.21 per share, for a total transaction of $42,100.00. Following the transaction, the chief executive officer now owns 1,430,703 shares of the company’s stock, valued at $6,023,259.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of NASDAQ TNAV opened at $4.18 on Friday. Telenav Inc has a 52-week low of $4.08 and a 52-week high of $6.60. The stock has a market capitalization of $190.10 million, a PE ratio of -2.14 and a beta of 0.79.
Telenav (NASDAQ:TNAV) last announced its earnings results on Thursday, November 8th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.27) by $0.14. Telenav had a negative net margin of 66.53% and a negative return on equity of 115.32%. The business had revenue of $52.17 million for the quarter, compared to analyst estimates of $51.74 million. Sell-side analysts forecast that Telenav Inc will post -0.68 EPS for the current year.
Several brokerages have recently issued reports on TNAV. Zacks Investment Research upgraded shares of Telenav from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a research report on Saturday, November 17th. BidaskClub upgraded shares of Telenav from a “hold” rating to a “buy” rating in a research report on Wednesday, August 15th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Telenav has an average rating of “Buy” and a consensus target price of $7.92.
Telenav Company Profile
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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