TiVo Sees Unusually High Options Volume (TIVO)
TiVo Corp (NASDAQ:TIVO) saw some unusual options trading activity on Friday. Stock investors bought 10,300 call options on the stock. This represents an increase of approximately 1,440% compared to the typical daily volume of 669 call options.
In other news, CEO Enrique Rodriguez bought 55,974 shares of TiVo stock in a transaction dated Friday, December 1st. The shares were bought at an average price of $17.86 per share, for a total transaction of $999,695.64. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 3.57% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Amalgamated Bank lifted its position in TiVo by 0.5% during the 2nd quarter. Amalgamated Bank now owns 15,847 shares of the technology company’s stock worth $296,000 after buying an additional 85 shares in the last quarter. People s United Financial Inc. lifted its position in TiVo by 0.4% during the 2nd quarter. People s United Financial Inc. now owns 71,188 shares of the technology company’s stock worth $1,328,000 after buying an additional 276 shares in the last quarter. Shelton Capital Management lifted its position in TiVo by 7.4% during the 2nd quarter. Shelton Capital Management now owns 12,011 shares of the technology company’s stock worth $224,000 after buying an additional 824 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in TiVo by 8.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,207 shares of the technology company’s stock worth $209,000 after buying an additional 856 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in TiVo by 17.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,313 shares of the technology company’s stock worth $155,000 after buying an additional 1,239 shares in the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.
TiVo (NASDAQ TIVO) opened at $14.75 on Monday. The stock has a market cap of $1,800.00, a PE ratio of -37.82, a P/E/G ratio of 1.16 and a beta of 0.11. The company has a current ratio of 2.38, a quick ratio of 2.33 and a debt-to-equity ratio of 0.53. TiVo has a 52-week low of $13.75 and a 52-week high of $21.75.
TiVo (NASDAQ:TIVO) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.14) earnings per share (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 had a positive return on equity of 4.72% and a negative net margin of 5.39%. The firm’s quarterly revenue was up 29.3% on a year-over-year basis. During the same quarter last year, the company earned $0.59 EPS. analysts forecast that TiVo will post 1.25 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, December 5th. This represents a $0.72 annualized dividend and a yield of 4.88%. TiVo’s dividend payout ratio (DPR) is -184.62%.
Several brokerages have recently commented on TIVO. Jefferies Group restated a “buy” rating and issued a $18.00 target price on shares of TiVo in a research note on Thursday, September 21st. Zacks Investment Research downgraded shares of TiVo from a “hold” rating to a “strong sell” rating in a research note on Friday, January 5th. Piper Jaffray Companies restated a “buy” rating and issued a $25.00 target price on shares of TiVo in a research note on Friday, November 3rd. B. Riley reduced their target price on shares of TiVo from $31.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, December 4th. Finally, ValuEngine upgraded shares of TiVo from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $22.75.
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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