Telenav Got Some Good News

By Jason Carr

Sidoti analyst Gregory Burns upgraded Telenav (NASDAQ: TNAV) to Buy today. The company’s shares opened today at $8.05.

According to, Burns is ranked #1812 out of 4560 analysts.

Telenav has an analyst consensus of Moderate Buy.

The company has a one year high of $10.15 and a one year low of $4.49. Currently, Telenav has an average volume of 125.3K.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock.

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TeleNav, Inc. provides personalized mobile navigation and location based platform services. It operates through the following segments: Automotive, Advertising, and Mobile Navigation. The Automotive segment provides map and navigation platform to auto and original equipment manufacturers (OEMs), for distribution with its vehicles. The Advertising segment gives interactive mobile advertisements on behalf of its advertising clients to consumers based specifically on the location of the user and other sophisticated targeting capabilities. The Mobile Navigation segment offers map and navigation platform to end users through mobile devices and distribute services through its wireless carrier partners, and directly to consumers through mobile application stores and marketplaces. The company was founded by Robert William Rennard, H. P. Jin, Y. C. Chao, and Salman Dhanani in September 1999 and is headquartered in Santa Clara, CA.