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.

Telenav (NASDAQ:TNAV) last announced its quarterly earnings data on Tuesday, August 7th. The technology company reported ($0.54) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.59) by $0.05. Telenav had a negative net margin of 83.93% and a negative return on equity of 109.70%. The company had revenue of $16.62 million for the quarter, compared to the consensus estimate of $15.58 million. equities analysts predict that Telenav will post -0.96 earnings per share for the current fiscal year.

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.

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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