TeleNav (NASDAQ:TNAV) Rating was Improved by Analysts at Sidoti to a “Buy” Rating

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Sidoti Analyst Rating Change TeleNav NASDAQ:TNAV

TeleNav (NASDAQ:TNAV) Rating Upgrade

In an analyst note issued to clients and investors on Friday morning, Sidoti raised shares of TeleNav (NASDAQ:TNAV) to “Buy” rating from “Neutral” rating.

The company’s rating upgrade is well received by stock investors, as NASDAQ:TNAV is at the moment trading 5.90% higher at $8.52 as of 4:02 AM New York time. TeleNav’s stock is 0% over the last 200 days. It has underperformed the S&P 500, which has added 6.00% over the same time period.

Institutional Ownership

Nokomis Capital L.L.C. had the largest stake with ownership of 4.01 million shares as of q2 2015 for 4.91% of the portfolio. Lyon Street Capital Llc is another bullish institutional investor who is owning 268,685 shares of TeleNav or 0.75% of their portfolio. Also, Penn Capital Management Co Inc have 0.31% of their portfolio invested in the company for 769,678 shares. The Illinois-based fund Ariel Investments Llc disclosed it had purchased a stake worth about 0.28% of the institutional investor’s stock portfolio in TeleNav. The Minnesota-based fund White Pine Capital Llc is also positive about the stock, possessing 4.04 million shares or 0.18% of their portfolio.

TeleNav (NASDAQ:TNAV) 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.

TeleNav (NASDAQ:TNAV) traded up 5.90% on 19 May, hitting $8.52. A total of 255,359 shares of the company’s stock traded hands. This is up from average of 130,084 shares. TeleNav has a 52 week low of $4.47 and a 52 week high of $10.15. The company has a market cap of $375.17M and a P/E ratio of 0.

Get the latest TeleNav (NASDAQ:TNAV) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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