TiVo Corporation Target of Unusually Large Options Trading (TIVO)
TiVo Corporation (NASDAQ:TIVO) saw unusually large options trading activity on Wednesday. Traders bought 918 put options on the stock. This is an increase of Infinity compared to the average daily volume of 0 put options.
In other TiVo Corporation news, EVP Pamela A. Sergeeff sold 3,147 shares of the business’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 value of $62,940.00. Following the completion of the sale, the executive vice president now directly owns 89,976 shares of the company’s stock, valued at $1,799,520. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dustin Finer sold 2,369 shares of the business’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 completion of the sale, the insider now directly owns 53,405 shares of the company’s stock, valued at $969,300.75. The disclosure for this sale can be found here. Insiders sold 17,397 shares of company stock valued at $343,557 over the last three months. Insiders own 3.57% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in TiVo Corporation by 62,480.7% during the 1st quarter. BlackRock Inc. now owns 14,976,807 shares of the technology company’s stock valued at $280,814,000 after purchasing an additional 14,952,875 shares during the last quarter. Vanguard Group Inc. raised its stake in TiVo Corporation by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 11,128,544 shares of the technology company’s stock valued at $207,547,000 after purchasing an additional 182,567 shares during the last quarter. Ameriprise Financial Inc. raised its stake in TiVo Corporation by 7.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,950,144 shares of the technology company’s stock valued at $166,918,000 after purchasing an additional 590,818 shares during the last quarter. State Street Corp raised its stake in TiVo Corporation by 5.1% during the 2nd quarter. State Street Corp now owns 3,138,996 shares of the technology company’s stock valued at $58,540,000 after purchasing an additional 151,139 shares during the last quarter. Finally, Northern Trust Corp raised its stake in TiVo Corporation by 9.5% during the 2nd quarter. Northern Trust Corp now owns 2,258,542 shares of the technology company’s stock valued at $42,121,000 after purchasing an additional 195,644 shares during the last quarter. Hedge funds and other institutional investors own 89.13% of the company’s stock.
A number of analysts have recently weighed in on TIVO shares. Cowen and Company restated a “buy” rating and issued a $30.00 price objective on shares of TiVo Corporation in a research note on Friday, September 8th. Jefferies Group LLC restated a “buy” rating and issued a $18.00 price objective on shares of TiVo Corporation in a research note on Thursday, September 21st. B. Riley restated a “buy” rating and issued a $31.00 price objective on shares of TiVo Corporation in a research note on Monday, October 9th. ValuEngine upgraded shares of TiVo Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $25.00 price objective on shares of TiVo Corporation in a research note on Friday. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $27.60.
TiVo Corporation (NASDAQ TIVO) opened at $17.30 on Monday. The company has a market cap of $2,111.53, a price-to-earnings ratio of 23.38 and a beta of 0.10. TiVo Corporation has a one year low of $15.15 and a one year high of $22.05. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.51 and a current ratio of 2.57.
TiVo Corporation (NASDAQ:TIVO) last released its earnings results on Thursday, November 2nd. The technology company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.07). The company had revenue of $197.90 million for the quarter, compared to analyst estimates of $190.83 million. TiVo Corporation had a negative net margin of 5.39% and a positive return on equity of 4.69%. TiVo Corporation’s revenue for the quarter was up 29.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 earnings per share. equities analysts predict that TiVo Corporation will post -0.33 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 4.16%. The ex-dividend date is Tuesday, December 5th. TiVo Corporation’s payout ratio is currently -184.62%.
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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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