Telenav, Inc. (TNAV) Forms $5.50 Double Bottom; Last Week FleetCor Technologies, Inc. (FLT) Coverage

Telenav, Inc. (TNAV) formed double bottom with $5.34 target or 3.00% below today’s $5.50 share price. Telenav, Inc. (TNAV) has $243.72M valuation. It closed at $5.5 lastly. It is down 88.62% since December 29, 2016 and is uptrending. It has outperformed by 71.92% the S&P500.

Among 16 analysts covering Fleetcor Technologies (NYSE:FLT), 15 have Buy rating, 0 Sell and 1 Hold. Therefore 94% are positive. Fleetcor Technologies had 47 analyst reports since August 6, 2015 according to SRatingsIntel. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods. Keefe Bruyette & Woods initiated the stock with “Outperform” rating in Monday, September 14 report. The firm has “Neutral” rating by JP Morgan given on Friday, August 14. Credit Suisse initiated the stock with “Neutral” rating in Friday, December 11 report. The rating was upgraded by Wells Fargo on Friday, November 18 to “Outperform”. The stock of FleetCor Technologies, Inc. (NYSE:FLT) earned “Hold” rating by Oppenheimer on Wednesday, August 19. On Friday, March 18 the stock rating was upgraded by Evercore to “Buy”. Oppenheimer maintained FleetCor Technologies, Inc. (NYSE:FLT) rating on Wednesday, November 1. Oppenheimer has “Buy” rating and $194.0 target. Raymond James upgraded the stock to “Strong Buy” rating in Tuesday, May 2 report. The firm has “Buy” rating given on Thursday, July 13 by Citigroup. See FleetCor Technologies, Inc. (NYSE:FLT) latest ratings:

21/12/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $221.0 Maintain
13/11/2017 Broker: Oppenheimer Rating: Buy New Target: $194.0 Maintain
02/11/2017 Broker: Barclays Capital Rating: Overweight Old Target: $180 New Target: $200 Maintain
02/11/2017 Broker: Morgan Stanley Rating: Overweight Old Target: $189 New Target: $194 Maintain
02/11/2017 Broker: Citigroup Rating: Buy Old Target: $180 New Target: $200 Maintain
01/11/2017 Broker: Oppenheimer Rating: Buy New Target: $194.0 Maintain
24/10/2017 Broker: SunTrust Rating: Buy New Target: $180.0 Maintain
18/10/2017 Broker: Morgan Stanley Rating: Overweight Old Target: $184 New Target: $189 Maintain
11/10/2017 Broker: Jefferies Rating: Buy New Target: $197.0 Maintain
20/09/2017 Broker: Oppenheimer Rating: Buy New Target: $185.0 Maintain

Analysts await Telenav, Inc. (NASDAQ:TNAV) to report earnings on January, 30. They expect $-0.37 EPS, down 236.36% or $0.26 from last year’s $-0.11 per share. After $-0.37 actual EPS reported by Telenav, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 5 analysts covering Telenav (NASDAQ:TNAV), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Telenav has $15 highest and $9.0 lowest target. $11.13’s average target is 102.36% above currents $5.5 stock price. Telenav had 7 analyst reports since August 24, 2015 according to SRatingsIntel. FBR Capital initiated the shares of TNAV in report on Monday, October 17 with “Outperform” rating. Sidoti downgraded the stock to “Neutral” rating in Friday, January 20 report. On Monday, August 24 the stock rating was initiated by B. Riley & Co with “Buy”. The stock of Telenav, Inc. (NASDAQ:TNAV) earned “Buy” rating by Northland Capital on Monday, July 10. The stock has “Buy” rating by Craig Hallum on Thursday, December 21.

Investors sentiment decreased to 0.81 in Q3 2017. Its down 0.16, from 0.97 in 2017Q2. It is negative, as 12 investors sold Telenav, Inc. shares while 24 reduced holdings. 7 funds opened positions while 22 raised stakes. 17.38 million shares or 6.37% less from 18.57 million shares in 2017Q2 were reported. Rhumbline Advisers reported 34,366 shares. Morgan Stanley has 50,339 shares for 0% of their portfolio. 38,472 were reported by Millennium Mgmt Llc. Ameritas Prtnrs accumulated 2,354 shares or 0% of the stock. California State Teachers Retirement holds 48,004 shares. Clarivest Asset Lc reported 6,742 shares. Goldman Sachs Grp reported 0% stake. Granite Point Cap L P owns 61,600 shares. Ariel Ltd Com holds 0.22% of its portfolio in Telenav, Inc. (NASDAQ:TNAV) for 2.98M shares. Axa holds 0.01% of its portfolio in Telenav, Inc. (NASDAQ:TNAV) for 219,080 shares. Nokomis Capital Ltd Liability Co holds 7.7% or 4.50M shares. Alliancebernstein Ltd Partnership holds 0% or 22,100 shares. 1.62 million were reported by Blackrock. Voya Mgmt Lc invested in 13,648 shares or 0% of the stock. Credit Suisse Ag holds 23,080 shares or 0% of its portfolio.

The stock increased 1.02% or $1.95 during the last trading session, reaching $193.38. About 422,408 shares traded. FleetCor Technologies, Inc. (NYSE:FLT) has declined 6.67% since December 29, 2016 and is downtrending. It has underperformed by 23.37% the S&P500.

FleetCor Technologies, Inc. provides fuel cards, commercial payment and data solutions, gift card and stored value solutions, and workforce payment services and products primarily in the United States, Brazil, and the United Kingdom. The company has market cap of $17.32 billion. It sells a range of customized fleet and lodging payment programs; and offers card products to purchase fuel, lodging, food, toll, transportation, and related services and products at participating locations. It has a 32.98 P/E ratio. The firm also offers telematics solution that allows fleet operators to monitor the capacity utilization and movement of vehicles and drivers; vehicle maintenance services; prepaid fuel and food vouchers, and cards; and workforce payment products related to public transportation and toll vouchers.

Investors sentiment increased to 1.27 in 2017 Q3. Its up 0.36, from 0.91 in 2017Q2. It is positive, as 26 investors sold FleetCor Technologies, Inc. shares while 99 reduced holdings. 39 funds opened positions while 120 raised stakes. 83.71 million shares or 5.44% less from 88.52 million shares in 2017Q2 were reported. Millennium Mngmt Ltd Liability invested 0.18% in FleetCor Technologies, Inc. (NYSE:FLT). Wellington Management Grp Llp stated it has 4.03M shares or 0.14% of all its holdings. Moreover, Ny State Common Retirement Fund has 0.04% invested in FleetCor Technologies, Inc. (NYSE:FLT). Violich Cap Inc owns 0.18% invested in FleetCor Technologies, Inc. (NYSE:FLT) for 4,250 shares. Cibc Asset Management invested 0% in FleetCor Technologies, Inc. (NYSE:FLT). 17,456 are held by Public Employees Retirement Association Of Colorado. San Francisco Sentry Invest Grp (Ca) has invested 0% in FleetCor Technologies, Inc. (NYSE:FLT). Td Asset Management owns 0.01% invested in FleetCor Technologies, Inc. (NYSE:FLT) for 59,883 shares. Timessquare Capital Management Ltd Company has 0.76% invested in FleetCor Technologies, Inc. (NYSE:FLT) for 733,640 shares. Fifth Third National Bank & Trust has 0% invested in FleetCor Technologies, Inc. (NYSE:FLT). Campbell Invest Adviser Ltd Liability Company holds 0.25% or 1,979 shares in its portfolio. Saturna Corp invested 0.03% in FleetCor Technologies, Inc. (NYSE:FLT). 143,591 are owned by Utd Automobile Association. Shamrock Asset Ltd Liability Corporation owns 96 shares for 0.01% of their portfolio. Westfield Management L P holds 0.25% or 210,789 shares.