TiVo Corporation (TIVO) Lifted to “Buy” at ValuEngine
ValuEngine upgraded shares of TiVo Corporation (NASDAQ:TIVO) from a hold rating to a buy rating in a report issued on Monday.
TIVO has been the subject of a number of other research reports. Cowen and Company reaffirmed a buy rating and set a $30.00 target price on shares of TiVo Corporation in a report on Friday, September 8th. Zacks Investment Research lowered shares of TiVo Corporation from a strong-buy rating to a hold rating in a report on Tuesday, July 4th. Jefferies Group LLC reaffirmed a buy rating and set a $18.00 target price on shares of TiVo Corporation in a report on Thursday, September 21st. Finally, B. Riley reaffirmed a buy rating and set a $31.00 target price on shares of TiVo Corporation in a report on Wednesday, June 14th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $27.60.
TiVo Corporation (NASDAQ TIVO) opened at 19.775 on Monday. TiVo Corporation has a 52-week low of $15.15 and a 52-week high of $22.05. The firm has a 50-day moving average of $18.70 and a 200 day moving average of $18.47. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 109.254 and a beta of 0.18.
TiVo Corporation (NASDAQ:TIVO) last released its earnings results on Thursday, August 3rd. The technology company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.20. TiVo Corporation had a net margin of 2.47% and a return on equity of 10.59%. The firm had revenue of $208.60 million during the quarter, compared to analyst estimates of $192.72 million. During the same quarter in the previous year, the business earned $0.45 EPS. The business’s quarterly revenue was up 66.6% compared to the same quarter last year. On average, equities research analysts forecast that TiVo Corporation will post $0.43 earnings per share for the current year.
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The company also recently declared a quarterly dividend, which was paid on Thursday, September 21st. Stockholders of record on Thursday, September 7th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend was Wednesday, September 6th. TiVo Corporation’s dividend payout ratio (DPR) is 240.00%.
In other news, EVP Pamela A. Sergeeff sold 3,147 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 89,976 shares of the company’s stock, valued at approximately $1,799,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Dustin Finer sold 2,369 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $18.15, for a total transaction of $42,997.35. Following the completion of the transaction, the insider now directly owns 53,405 shares of the company’s stock, valued at approximately $969,300.75. The disclosure for this sale can be found here. Insiders sold a total of 17,397 shares of company stock valued at $343,557 in the last three months. 3.57% of the stock is owned by company insiders.
Several hedge funds have recently made changes to their positions in TIVO. Bank of Montreal Can grew its holdings in shares of TiVo Corporation by 156.6% in the 1st quarter. Bank of Montreal Can now owns 6,307 shares of the technology company’s stock valued at $118,000 after buying an additional 3,849 shares during the period. Wells Fargo & Company MN grew its holdings in shares of TiVo Corporation by 27.0% in the 1st quarter. Wells Fargo & Company MN now owns 207,771 shares of the technology company’s stock valued at $3,896,000 after buying an additional 44,236 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of TiVo Corporation by 3.3% in the 1st quarter. Bank of New York Mellon Corp now owns 1,595,295 shares of the technology company’s stock valued at $29,913,000 after buying an additional 51,040 shares during the period. BNP Paribas Arbitrage SA grew its holdings in shares of TiVo Corporation by 28.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 30,203 shares of the technology company’s stock valued at $566,000 after buying an additional 6,744 shares during the period. Finally, UBS Asset Management Americas Inc. grew its holdings in shares of TiVo Corporation by 37.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 69,704 shares of the technology company’s stock valued at $1,307,000 after buying an additional 19,061 shares during the period. 89.00% of the stock is owned by institutional investors.
TiVo Corporation Company Profile
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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