Wall Street analysts predict that Telenav Inc (NASDAQ:TNAV) will post $51.02 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Telenav’s earnings, with estimates ranging from $50.70 million to $51.33 million. Telenav posted sales of $13.82 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 269.2%. The business is scheduled to issue its next quarterly earnings results on Thursday, May 2nd.

On average, analysts expect that Telenav will report full-year sales of $214.17 million for the current year, with estimates ranging from $213.70 million to $214.64 million. For the next fiscal year, analysts expect that the business will report sales of $236.01 million, with estimates ranging from $226.90 million to $245.11 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Telenav.

Telenav (NASDAQ:TNAV) last posted its quarterly earnings results on Thursday, February 7th. The technology company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.07. The firm had revenue of $57.18 million for the quarter, compared to analyst estimates of $52.71 million. Telenav had a negative return on equity of 93.98% and a negative net margin of 50.00%.

TNAV has been the topic of a number of recent research reports. BidaskClub upgraded Telenav from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 22nd. ValuEngine upgraded Telenav from a “hold” rating to a “buy” rating in a research note on Thursday, February 28th. Finally, Zacks Investment Research downgraded Telenav from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th.

Shares of NASDAQ TNAV opened at $6.60 on Tuesday. Telenav has a one year low of $3.35 and a one year high of $7.00. The stock has a market capitalization of $297.83 million, a price-to-earnings ratio of -3.38 and a beta of 0.98.

In other news, Director Nokomis Capital, L.L.C. bought 50,400 shares of the stock in a transaction on Tuesday, February 12th. The shares were purchased at an average price of $5.04 per share, for a total transaction of $254,016.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired 257,251 shares of company stock worth $1,453,157 in the last 90 days. Corporate insiders own 24.82% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of TNAV. BlackRock Inc. grew its stake in Telenav by 1.3% in the third quarter. BlackRock Inc. now owns 1,688,150 shares of the technology company’s stock valued at $8,526,000 after purchasing an additional 22,342 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Telenav by 163.4% during the 3rd quarter. Panagora Asset Management Inc. now owns 71,162 shares of the technology company’s stock worth $359,000 after acquiring an additional 44,147 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Telenav by 9.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,696,267 shares of the technology company’s stock worth $8,566,000 after acquiring an additional 144,495 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Telenav by 9.3% during the 3rd quarter. Vanguard Group Inc now owns 1,696,267 shares of the technology company’s stock worth $8,566,000 after acquiring an additional 144,495 shares in the last quarter. Finally, B. Riley Wealth Management Inc. bought a new stake in shares of Telenav during the 3rd quarter worth about $72,000. Hedge funds and other institutional investors own 48.99% of the company’s stock.

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 brought-in navigation services.

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