Anti-Telenav Inc Institutional Investors Sentiment Runs Low in Q1 2018

June 16, 2018 - By Richard Conner

Telenav, Inc. (NASDAQ:TNAV) Logo

Sentiment for Telenav Inc (NASDAQ:TNAV)

Telenav Inc (NASDAQ:TNAV) institutional sentiment decreased to 1 in 2018 Q1. Its down -0.56, from 1.56 in 2017Q4. The ratio dived, as 29 active investment managers opened new or increased equity positions, while 29 sold and reduced their stakes in Telenav Inc. The active investment managers in our partner’s database reported: 17.67 million shares, down from 17.70 million shares in 2017Q4. Also, the number of active investment managers holding Telenav Inc in their top 10 equity positions was flat from 2 to 2 for the same number . Sold All: 10 Reduced: 19 Increased: 22 New Position: 7.

Telenav, Inc., together with its subsidiaries provides connected car and location platform services in the United States and internationally. The company has market cap of $277.42 million. The firm operates through three divisions: Automotive, Advertising, and Mobile Navigation. It currently has negative earnings. 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 wireless connectivity and brought-in navigation services.

The stock increased 6.90% or $0.4 during the last trading session, reaching $6.2. About 330,431 shares traded or 396.25% up from the average. Telenav, Inc. (NASDAQ:TNAV) has declined 33.33% since June 16, 2017 and is downtrending. It has underperformed by 45.90% the S&P500.

Analysts await Telenav, Inc. (NASDAQ:TNAV) to report earnings on August, 2. They expect $-0.65 EPS, down 124.14 % or $0.36 from last year’s $-0.29 per share. After $-0.64 actual EPS reported by Telenav, Inc. for the previous quarter, Wall Street now forecasts 1.56 % negative EPS growth.

Nokomis Capital L.L.C. holds 4.66% of its portfolio in Telenav, Inc. for 4.50 million shares. Equitec Proprietary Markets Llc owns 302,647 shares or 0.5% of their US portfolio. Moreover, Ariel Investments Llc has 0.24% invested in the company for 3.93 million shares. The Massachusetts-based Essex Investment Management Co Llc has invested 0.16% in the stock. Ancora Advisors Llc, a Us-based fund reported 198,111 shares.

Since January 1, 0001, it had 2 buys, and 0 sales for $163,827 activity.

Telenav, Inc. (NASDAQ:TNAV) Ratings Coverage

Ratings analysis reveals 100% of Telenav’s analysts are positive. Out of 2 Wall Street analysts rating Telenav, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $9.0 while the high is $9.5. The stock’s average target of $9.25 is 49.19% above today’s ($6.2) share price. TNAV was included in 2 notes of analysts from December 20, 2017. The company was maintained on Thursday, December 21 by Craig Hallum.

Another recent and important Telenav, Inc. (NASDAQ:TNAV) news was published by which published an article titled: “Telenav to Present at B.Riley FBR Conference” on May 21, 2018.

Telenav, Inc. (NASDAQ:TNAV) Institutional Positions Chart

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