Do Institutional Investors Love Telenav Inc (NASDAQ:TNAV)?

Telenav, Inc. (NASDAQ:TNAV) Logo

Sentiment for Telenav Inc (NASDAQ:TNAV)

Telenav Inc (NASDAQ:TNAV) institutional sentiment increased to 2.3 in 2019 Q1. Its up 1.17, from 1.13 in 2018Q4. The ratio increased, as 46 investment professionals opened new and increased stock positions, while 20 sold and decreased their stock positions in Telenav Inc. The investment professionals in our partner’s database now hold: 18.26 million shares, up from 17.58 million shares in 2018Q4. Also, the number of investment professionals holding Telenav Inc in their top 10 stock positions decreased from 2 to 1 for a decrease of 1. Sold All: 6 Reduced: 14 Increased: 22 New Position: 24.

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 $401.20 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 0.92% or $0.08 during the last trading session, reaching $8.79. About 197,829 shares traded. Telenav, Inc. (NASDAQ:TNAV) has risen 37.86% since July 14, 2018 and is uptrending. It has outperformed by 33.43% the S&P500.

Analysts await Telenav, Inc. (NASDAQ:TNAV) to report earnings on August, 6. They expect $-0.18 EPS, up 69.49 % or $0.41 from last year’s $-0.59 per share. After $-0.16 actual EPS reported by Telenav, Inc. for the previous quarter, Wall Street now forecasts 12.50 % negative EPS growth.

Nokomis Capital L.L.C. holds 7.25% of its portfolio in Telenav, Inc. for 4.79 million shares. Lyon Street Capital Llc owns 152,437 shares or 2.84% of their US portfolio. Moreover, Ariel Investments Llc has 0.19% invested in the company for 2.57 million shares. The Massachusetts-based Essex Investment Management Co Llc has invested 0.19% in the stock. Ancora Advisors Llc, a Us-based fund reported 242,786 shares.

Since January 1, 0001, it had 5 buys, and 0 insider sales for $1.67 million activity.

More notable recent Telenav, Inc. (NASDAQ:TNAV) news were published by: Globenewswire.com which released: “Telenav Third Quarter Fiscal Year 2019 Earnings Call and Webcast Scheduled for May 9, 2019 – GlobeNewswire” on April 24, 2019, also Finance.Yahoo.com with their article: “Will Telenav (TNAV) Report Negative Q3 Earnings? What You Should Know – Yahoo Finance” published on April 25, 2019, Finance.Yahoo.com published: “Have Insiders Been Buying Telenav, Inc. (NASDAQ:TNAV) Shares This Year? – Yahoo Finance” on July 10, 2019. More interesting news about Telenav, Inc. (NASDAQ:TNAV) were released by: Globenewswire.com and their article: “Telenav Launches Connected In-Car Advertising Platform for Automotive OEMs – GlobeNewswire” published on January 04, 2018 as well as Zacks.com‘s news article titled: “Telenav (TNAV) Stock Moves -0.68%: What You Should Know – Zacks.com” with publication date: April 02, 2019.

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

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