Telenav (TNAV) Upgraded by BidaskClub to Buy
Telenav (NASDAQ:TNAV) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a report released on Wednesday.
Several other analysts also recently commented on TNAV. Zacks Investment Research raised shares of Telenav from a “hold” rating to a “buy” rating and set a $6.50 price objective on the stock in a research report on Tuesday. ValuEngine downgraded shares of Telenav from a “hold” rating to a “sell” rating in a research report on Friday, June 29th. Finally, B. Riley reissued a “buy” rating on shares of Telenav in a research report on Monday, July 23rd. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $8.33.
Shares of TNAV stock opened at $5.90 on Wednesday. Telenav has a one year low of $4.50 and a one year high of $6.85. The stock has a market cap of $263.99 million, a P/E ratio of -3.03 and a beta of 0.87.
Hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its position in 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 purchasing an additional 17,217 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Telenav by 33.8% during the 4th quarter. Wells Fargo & Company MN now owns 45,514 shares of the technology company’s stock valued at $250,000 after acquiring an additional 11,487 shares during the period. King Luther Capital Management Corp lifted its stake in 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 acquiring an additional 20,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in Telenav during the 2nd quarter valued at about $415,000. Finally, Deutsche Bank AG lifted its stake in Telenav by 193.7% during the 4th quarter. Deutsche Bank AG now owns 82,258 shares of the technology company’s stock valued at $451,000 after acquiring an additional 54,254 shares during the period. 52.95% of the stock is currently owned by institutional investors.
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.
Read More: Google Finance
Receive News & Ratings for Telenav Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telenav and related companies with MarketBeat.com's FREE daily email newsletter.