Equities analysts forecast that Telenav Inc (NASDAQ:TNAV) will report earnings per share of ($0.05) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Telenav’s earnings, with the lowest EPS estimate coming in at ($0.06) and the highest estimate coming in at ($0.04). Telenav posted earnings per share of ($0.14) during the same quarter last year, which would suggest a positive year over year growth rate of 64.3%. The company is scheduled to report its next quarterly earnings results on Thursday, November 14th.

Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Telenav.

Telenav (NASDAQ:TNAV) last released its earnings results on Thursday, August 8th. The technology company reported ($0.22) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.04). The business had revenue of $58.45 million for the quarter, compared to the consensus estimate of $53.27 million. Telenav had a negative return on equity of 31.39% and a negative net margin of 14.88%.

A number of brokerages recently issued reports on TNAV. ValuEngine upgraded Telenav from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 4th. BidaskClub cut Telenav from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 5th. Zacks Investment Research upgraded Telenav from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Friday, August 16th. Northland Securities cut Telenav from an “outperform” rating to a “market perform” rating in a research note on Friday, September 6th. Finally, Craig Hallum cut Telenav from a “buy” rating to a “hold” rating and lowered their price objective for the company from $13.00 to $5.00 in a research note on Thursday, September 5th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Telenav currently has a consensus rating of “Buy” and a consensus price target of $8.88.

In other news, SVP Philipp Wolfgang Josef Kandal sold 5,000 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $9.00, for a total transaction of $45,000.00. Following the sale, the senior vice president now directly owns 209,113 shares in the company, valued at $1,882,017. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Douglas S. Miller sold 23,300 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $11.46, for a total value of $267,018.00. Following the sale, the director now owns 35,527 shares in the company, valued at $407,139.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 546,404 shares of company stock worth $5,672,082. Company insiders own 24.82% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of Montreal Can grew its holdings in shares of Telenav by 275.2% during the second quarter. Bank of Montreal Can now owns 3,673 shares of the technology company’s stock worth $30,000 after purchasing an additional 2,694 shares in the last quarter. Quantamental Technologies LLC grew its holdings in shares of Telenav by 1,452.7% during the second quarter. Quantamental Technologies LLC now owns 4,658 shares of the technology company’s stock worth $37,000 after purchasing an additional 4,358 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Telenav by 1,645.3% during the first quarter. BNP Paribas Arbitrage SA now owns 6,545 shares of the technology company’s stock worth $40,000 after purchasing an additional 6,170 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in shares of Telenav during the second quarter worth about $50,000. Finally, Royal Bank of Canada grew its holdings in shares of Telenav by 42.1% during the second quarter. Royal Bank of Canada now owns 6,562 shares of the technology company’s stock worth $52,000 after purchasing an additional 1,945 shares in the last quarter. Hedge funds and other institutional investors own 50.64% of the company’s stock.

Telenav stock traded up $0.11 during midday trading on Friday, reaching $5.27. The stock had a trading volume of 1,100,065 shares, compared to its average volume of 1,872,164. Telenav has a 12 month low of $3.35 and a 12 month high of $11.67. The firm’s 50-day moving average price is $8.99 and its 200 day moving average price is $7.64. The firm has a market capitalization of $245.09 million, a PE ratio of -8.11 and a beta of 0.48.

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.

Featured Article: How does a dividend reinvestment plan work?

Get a free copy of the Zacks research report on Telenav (TNAV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.