TiVo Corporation (TIVO) Rating Reiterated by Piper Jaffray Companies
TiVo Corporation (NASDAQ:TIVO)‘s stock had its “buy” rating reissued by Piper Jaffray Companies in a research note issued on Friday. They currently have a $25.00 price target on the technology company’s stock. Piper Jaffray Companies’ target price points to a potential upside of 44.51% from the company’s previous close.
TIVO has been the subject of a number of other research reports. Cowen and Company reiterated a “buy” rating and issued a $30.00 price target on shares of TiVo Corporation in a report on Friday, September 8th. B. Riley reiterated a “buy” rating and issued a $31.00 price target on shares of TiVo Corporation in a report on Monday, October 30th. ValuEngine upgraded TiVo Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $18.00 price target on shares of TiVo Corporation in a report on Thursday, September 21st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. TiVo Corporation currently has a consensus rating of “Buy” and an average price target of $27.60.
TiVo Corporation (NASDAQ:TIVO) opened at $17.30 on Friday. The company has a market capitalization of $2,111.53, a P/E ratio of 23.38 and a beta of 0.10. TiVo Corporation has a 52 week low of $15.15 and a 52 week 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 analysts’ consensus estimates of ($0.07) by ($0.07). The business had revenue of $197.90 million for the quarter, compared to the consensus estimate of $190.83 million. TiVo Corporation had a negative net margin of 5.39% and a positive return on equity of 4.69%. The company’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.59 EPS. sell-side analysts forecast that TiVo Corporation will post -0.33 EPS for the current year.
In other news, insider Dustin Finer sold 2,369 shares of the stock in a transaction 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 owns 53,405 shares in the company, valued at approximately $969,300.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Pamela A. Sergeeff sold 3,147 shares of the 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 sale, the executive vice president now owns 89,976 shares of the company’s stock, valued at approximately $1,799,520. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,397 shares of company stock valued at $343,557. Company insiders own 3.57% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA lifted its holdings in shares of TiVo Corporation by 59.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 64,423 shares of the technology company’s stock valued at $1,279,000 after purchasing an additional 24,115 shares during the last quarter. Bessemer Group Inc. acquired a new position in shares of TiVo Corporation in the 3rd quarter valued at $687,000. NJ State Employees Deferred Compensation Plan increased its position in shares of TiVo Corporation by 48.9% in the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 51,758 shares of the technology company’s stock valued at $1,028,000 after acquiring an additional 17,000 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of TiVo Corporation in the 3rd quarter valued at $763,000. Finally, Peregrine Capital Management LLC increased its position in shares of TiVo Corporation by 2.1% in the 3rd quarter. Peregrine Capital Management LLC now owns 698,314 shares of the technology company’s stock valued at $13,862,000 after acquiring an additional 14,221 shares during the period. Hedge funds and other institutional investors own 89.13% of the company’s stock.
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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