TiVo Corporation (NASDAQ:TIVO)‘s stock had its “buy” rating reissued by research analysts at B. Riley in a note issued to investors on Monday. They currently have a $31.00 price target on the technology company’s stock. B. Riley’s price objective points to a potential upside of 58.16% from the stock’s current price.
A number of other equities research analysts also recently issued reports on the stock. ValuEngine raised shares of TiVo Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Jefferies Group LLC reissued a “buy” rating and issued a $18.00 price target on shares of TiVo Corporation in a research note on Thursday, September 21st. Cowen and Company reissued a “buy” rating and issued a $30.00 price target on shares of TiVo Corporation in a research note on Friday, September 8th. Finally, Zacks Investment Research downgraded shares of TiVo Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 4th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. TiVo Corporation presently has an average rating of “Buy” and an average price target of $27.60.
TiVo Corporation (NASDAQ TIVO) opened at 19.60 on Monday. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 108.29 and a beta of 0.18. The stock’s 50 day moving average is $18.84 and its 200-day moving average is $18.52. TiVo Corporation has a 12 month low of $15.15 and a 12 month high of $22.05.
TiVo Corporation (NASDAQ:TIVO) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.20. The business had revenue of $208.60 million for the quarter, compared to the consensus estimate of $192.72 million. TiVo Corporation had a net margin of 2.47% and a return on equity of 10.59%. The business’s revenue was up 66.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 EPS. On average, equities research analysts expect that TiVo Corporation will post $0.43 earnings per share for the current year.
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In related news, EVP Pamela A. Sergeeff sold 3,147 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $20.00, for a total transaction of $62,940.00. Following the sale, the executive vice president now directly owns 89,976 shares of the company’s stock, valued at approximately $1,799,520. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Dustin Finer sold 2,369 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $18.15, for a total transaction of $42,997.35. Following the sale, the insider now directly owns 53,405 shares in the company, valued at $969,300.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,397 shares of company stock worth $343,557. 3.57% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Atria Investments LLC grew its holdings in TiVo Corporation by 0.4% during the 2nd quarter. Atria Investments LLC now owns 10,973 shares of the technology company’s stock worth $205,000 after acquiring an additional 49 shares in the last quarter. Amalgamated Bank grew its holdings in TiVo Corporation by 0.5% during the 2nd quarter. Amalgamated Bank now owns 15,847 shares of the technology company’s stock worth $296,000 after acquiring an additional 85 shares in the last quarter. Cipher Capital LP grew its holdings in TiVo Corporation by 0.3% during the 2nd quarter. Cipher Capital LP now owns 26,769 shares of the technology company’s stock worth $499,000 after acquiring an additional 89 shares in the last quarter. Bbva Compass Bancshares Inc. grew its holdings in TiVo Corporation by 1.1% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 10,594 shares of the technology company’s stock worth $198,000 after acquiring an additional 120 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in TiVo Corporation by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 63,200 shares of the technology company’s stock worth $1,179,000 after acquiring an additional 200 shares in the last quarter. 89.00% of the stock is currently owned by hedge funds and other institutional investors.
About TiVo Corporation
TiVo Corporation is engaged in offering media and entertainment products. The Company operates through two segments: Intellectual Property Licensing and Product. The Company’s Product segment includes a suite of component technologies that can be integrated into media service provider internally developed platforms or deployed as an integrated TiVo solution.
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