Telenav (TNAV) Receives a Hold from Northland Securities

By Jason Carr

In a report issued on November 18, Michael Latimore from Northland Securities maintained a Hold rating on Telenav (TNAVResearch Report). The company’s shares closed last Monday at $4.92.

According to TipRanks.com, Latimore is a 4-star analyst with an average return of 6.0% and a 50.4% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming, The Meet Group, and RingCentral.

Telenav has an analyst consensus of Moderate Buy, with a price target consensus of $5.63.

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Based on Telenav’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $1.31 million. In comparison, last year the company had a GAAP net loss of $7.94 million.

Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TNAV in relation to earlier this year. Most recently, in September 2019, Hassan Wahla, the Co-Pres. Automotive Bus Unit of TNAV sold 25,511 shares for a total of $291,526.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

TeleNav, Inc. engages in the provision of personalized mobile navigation and location based platform services. It operates through the following segments: Automotive, Advertising, and Mobile Navigation. The Automotive segment supplies map and navigation platform to auto and original equipment manufacturers for distribution with its vehicles.