Telenav (TNAV) Getting Somewhat Favorable Press Coverage, Study Finds

Telenav (TNAV) Getting Somewhat Favorable Press Coverage, Study Finds

Media stories about Telenav (NASDAQ:TNAV) have been trending somewhat positive recently, according to AlphaOne Sentiment. AlphaOne, a unit of Accern, scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Telenav earned a coverage optimism score of 0.01 on AlphaOne’s scale. AlphaOne also assigned press coverage about the technology company an impact score of 91 out of 100, meaning that recent media coverage is extremely likely to have an effect on the stock’s share price in the near term.

Telenav (NASDAQ TNAV) traded up 2.98% during midday trading on Friday, reaching $8.65. 148,632 shares of the company’s stock traded hands. Telenav has a 1-year low of $4.64 and a 1-year high of $10.15. The company’s market capitalization is $378.30 million. The firm’s 50 day moving average price is $8.51 and its 200-day moving average price is $7.99.

Several research firms have commented on TNAV. ValuEngine raised shares of Telenav from a “sell” rating to a “hold” rating in a report on Friday. Sidoti raised shares of Telenav from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Friday, May 19th. Zacks Investment Research lowered shares of Telenav from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. Finally, B. Riley reaffirmed a “buy” rating and issued a $11.00 price target on shares of Telenav in a report on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $11.25.

In other news, VP Evan Berg sold 5,329 shares of Telenav stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $8.80, for a total value of $46,895.20. Following the sale, the vice president now owns 21,766 shares of the company’s stock, valued at $191,540.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Michael Strambi sold 10,000 shares of Telenav stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $8.70, for a total transaction of $87,000.00. Following the completion of the sale, the chief financial officer now directly owns 41,578 shares in the company, valued at approximately $361,728.60. The disclosure for this sale can be found here. 24.60% of the stock is owned by insiders.

Telenav Company Profile

TeleNav, Inc (Telenav) is a provider of location-based platform services. The Company’s services consist of its automotive and mobile navigation platform and its advertising delivery platform. The Company operates through three segments: automotive, advertising and mobile navigation. The automotive segment provides its map and navigation platform to auto manufacturers and original equipment manufacturers (OEMs) for distribution with their vehicles.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:TNAV”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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