Telenav, Inc. (TNAV) Forms $5.05 Double Bottom; NN (NNBR) SI Decreased By 7.33%

Telenav, Inc. (NASDAQ:TNAV) Logo

NN Inc (NASDAQ:NNBR) had a decrease of 7.33% in short interest. NNBR’s SI was 958,200 shares in April as released by FINRA. Its down 7.33% from 1.03M shares previously. With 70,200 avg volume, 14 days are for NN Inc (NASDAQ:NNBR)’s short sellers to cover NNBR’s short positions. The SI to NN Inc’s float is 3.57%. The stock decreased 4.17% or $1 during the last trading session, reaching $23. About 69,798 shares traded. NN, Inc. (NASDAQ:NNBR) has declined 2.97% since April 2, 2017 and is downtrending. It has underperformed by 14.52% the S&P500.

Telenav, Inc. (TNAV) formed double bottom with $4.60 target or 9.00% below today’s $5.05 share price. Telenav, Inc. (TNAV) has $224.99 million valuation. The stock decreased 6.48% or $0.35 during the last trading session, reaching $5.05. About 182,717 shares traded or 73.98% up from the average. Telenav, Inc. (NASDAQ:TNAV) has declined 37.95% since April 2, 2017 and is downtrending. It has underperformed by 49.50% the S&P500.

Analysts await Telenav, Inc. (NASDAQ:TNAV) to report earnings on May, 1. They expect $-0.68 EPS, down 119.35% or $0.37 from last year’s $-0.31 per share. After $-0.35 actual EPS reported by Telenav, Inc. for the previous quarter, Wall Street now forecasts 94.29% negative 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 120.40% above currents $5.05 stock price. Telenav had 7 analyst reports since August 24, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, August 24 by B. Riley & Co. The firm earned “Neutral” rating on Friday, January 20 by Sidoti. The stock of Telenav, Inc. (NASDAQ:TNAV) has “Outperform” rating given on Monday, October 17 by FBR Capital. The firm has “Buy” rating by Northland Capital given on Monday, July 10. The rating was maintained by Craig Hallum on Thursday, December 21 with “Buy”.

Since February 6, 2018, it had 2 buys, and 0 selling transactions for $163,827 activity. On Tuesday, February 20 the insider Jin H.P. bought $113,177.

Investors sentiment increased to 1.56 in 2017 Q4. Its up 0.75, from 0.81 in 2017Q3. It increased, as 9 investors sold Telenav, Inc. shares while 16 reduced holdings. 16 funds opened positions while 23 raised stakes. 17.70 million shares or 1.84% more from 17.38 million shares in 2017Q3 were reported. Arrowstreet Capital Partnership has invested 0% in Telenav, Inc. (NASDAQ:TNAV). State Board Of Administration Of Florida Retirement holds 12,085 shares or 0% of its portfolio. Sg Americas Ltd Llc reported 25,347 shares stake. Amer Grp Incorporated holds 0% of its portfolio in Telenav, Inc. (NASDAQ:TNAV) for 19,368 shares. The California-based Fuller Thaler Asset Mngmt has invested 0.01% in Telenav, Inc. (NASDAQ:TNAV). Royal National Bank Of Canada holds 0% or 583 shares in its portfolio. White Pine Ltd has 70,060 shares. The Us-based Ancora Llc has invested 0.03% in Telenav, Inc. (NASDAQ:TNAV). Barclays Public Ltd Com holds 0% in Telenav, Inc. (NASDAQ:TNAV) or 4,576 shares. Stone Ridge Asset Ltd Llc stated it has 30,833 shares. Panagora Asset Management has invested 0% in Telenav, Inc. (NASDAQ:TNAV). National Bank & Trust Of Mellon Corporation stated it has 0% in Telenav, Inc. (NASDAQ:TNAV). King Luther Mngmt holds 44,000 shares or 0% of its portfolio. Tiaa Cref Inv Management Llc accumulated 0% or 103,361 shares. Deutsche Bank & Trust Ag owns 82,258 shares or 0% of their US portfolio.

Since October 25, 2017, it had 0 insider purchases, and 1 insider sale for $64,000 activity. 2,000 shares were sold by BURWELL THOMAS C. Jr., worth $64,000 on Wednesday, October 25.

Among 8 analysts covering NN Inc (NASDAQ:NNBR), 5 have Buy rating, 1 Sell and 2 Hold. Therefore 63% are positive. NN Inc had 12 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of NN, Inc. (NASDAQ:NNBR) has “Buy” rating given on Friday, September 15 by KeyBanc Capital Markets. On Friday, July 24 the stock rating was initiated by Stephens with “Overweight”. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, August 18. The firm earned “Market Outperform” rating on Friday, March 11 by Avondale. On Wednesday, December 21 the stock rating was initiated by Lake Street with “Buy”. Stifel Nicolaus maintained NN, Inc. (NASDAQ:NNBR) rating on Monday, March 12. Stifel Nicolaus has “Hold” rating and $28 target. The stock of NN, Inc. (NASDAQ:NNBR) earned “Hold” rating by Stifel Nicolaus on Thursday, August 3. SunTrust maintained NN, Inc. (NASDAQ:NNBR) rating on Thursday, September 28. SunTrust has “Buy” rating and $35.0 target. The stock of NN, Inc. (NASDAQ:NNBR) has “Hold” rating given on Monday, October 26 by Stifel Nicolaus. The stock of NN, Inc. (NASDAQ:NNBR) earned “Sell” rating by Zacks on Friday, August 28.

NN, Inc., a diversified industrial company, makes high precision bearing components, industrial plastic products, and precision metal components to various markets in North America, Western Europe, Eastern Europe, South America, and China. The company has market cap of $634.19 million. The firm operates through three divisions: Precision Bearing Components Group, Precision Engineered Products Group, and Autocam Precision Components Group. It has a 24.47 P/E ratio. The Precision Bearing Components Group segment makes and sells precision steel balls that are used primarily by manufacturers of anti-friction bearings and constant velocity joints; steel rollers, including tapered rollers used in automotive gearbox applications, automotive wheel bearings, and various industrial applications; cylindrical rollers used in various industrial applications; and precision metal retainers for roller bearings.

Investors sentiment increased to 1.23 in 2017 Q4. Its up 0.27, from 0.96 in 2017Q3. It increased, as 11 investors sold NN, Inc. shares while 29 reduced holdings. 17 funds opened positions while 32 raised stakes. 24.56 million shares or 0.67% more from 24.40 million shares in 2017Q3 were reported. The New York-based Jpmorgan Chase & Company has invested 0% in NN, Inc. (NASDAQ:NNBR). Rhumbline Advisers holds 0% or 25,335 shares. Ubs Asset Mngmt Americas Inc stated it has 471 shares or 0% of all its holdings. State Street, a Massachusetts-based fund reported 501,909 shares. Nelson Roberts Invest Advsrs Limited Liability Corporation reported 0% stake. North Star Inv Management Corporation owns 235 shares or 0% of their US portfolio. 42,708 were accumulated by California State Teachers Retirement Systems. Morgan Stanley reported 77,748 shares. Us State Bank De has 8,345 shares for 0% of their portfolio. Yorktown Mngmt Research reported 38,800 shares. 105,000 are owned by Millrace Asset Grp Inc. Skyline Asset Limited Partnership stated it has 1.81% of its portfolio in NN, Inc. (NASDAQ:NNBR). Alphaone Svcs Ltd holds 1.23% in NN, Inc. (NASDAQ:NNBR) or 148,070 shares. Lsv Asset Mngmt has 0% invested in NN, Inc. (NASDAQ:NNBR) for 102,810 shares. Great West Life Assurance Can owns 1,884 shares for 0% of their portfolio.

NN, Inc. (NASDAQ:NNBR) Institutional Positions Chart