Zacks Investment Research downgraded shares of TiVo (NASDAQ:TIVO) from a strong-buy rating to a hold rating in a research note released on Thursday.

According to Zacks, “TiVo is benefiting from new licensing agreements and launch of innovative products. Its strategy of offering real-time content on all devices can drive demand for its products, going forward. The company recently launched BOLT series of DVRs which has been gaining significant traction. Partnerships with companies like Opera and Netflix are also likely to boost TiVo’s growth. Besides, the company's cost reducing efforts are expected to pay off, going forward. However, loss of four settlement deals for the company’s Legacy TiVo Time Warp IP that ended this year, is hurting TiVo's top-line. Besides, significant competition from Google TV, Roku and Apple TV is eroding its subscriber base. Shares have underperformed the industry in the past year.”

A number of other research firms also recently issued reports on TIVO. BidaskClub upgraded shares of TiVo from a strong sell rating to a sell rating in a report on Friday, October 19th. ValuEngine downgraded shares of TiVo from a sell rating to a strong sell rating in a report on Thursday, November 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. TiVo has a consensus rating of Hold and a consensus price target of $19.50.

Shares of TIVO traded up $0.13 during trading hours on Thursday, reaching $10.96. 441,940 shares of the stock traded hands, compared to its average volume of 866,388. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.55 and a quick ratio of 3.49. TiVo has a 52 week low of $8.73 and a 52 week high of $15.95. The firm has a market capitalization of $1.37 billion, a P/E ratio of 11.18 and a beta of -0.19.

TiVo (NASDAQ:TIVO) last released its quarterly earnings results on Wednesday, November 7th. The technology company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.44). TiVo had a negative net margin of 5.76% and a positive return on equity of 4.65%. The firm had revenue of $164.70 million for the quarter, compared to the consensus estimate of $166.85 million. During the same period in the previous year, the business earned $0.40 earnings per share. The firm’s revenue for the quarter was down 16.8% on a year-over-year basis. On average, equities research analysts expect that TiVo will post 0.75 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 20th. Investors of record on Thursday, December 6th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, December 5th. This represents a $0.72 dividend on an annualized basis and a yield of 6.57%. TiVo’s dividend payout ratio (DPR) is presently 73.47%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc increased its holdings in TiVo by 2.5% during the third quarter. Vanguard Group Inc now owns 12,440,309 shares of the technology company’s stock worth $154,881,000 after buying an additional 298,255 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of TiVo by 2.5% in the third quarter. Vanguard Group Inc. now owns 12,440,309 shares of the technology company’s stock worth $154,881,000 after purchasing an additional 298,255 shares in the last quarter. Morgan Stanley increased its stake in shares of TiVo by 27.4% in the third quarter. Morgan Stanley now owns 1,144,718 shares of the technology company’s stock worth $14,251,000 after purchasing an additional 246,287 shares in the last quarter. B. Riley Financial Inc. increased its stake in shares of TiVo by 24.3% in the third quarter. B. Riley Financial Inc. now owns 35,172 shares of the technology company’s stock worth $438,000 after purchasing an additional 6,869 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of TiVo by 11.8% in the third quarter. Nordea Investment Management AB now owns 566,414 shares of the technology company’s stock worth $7,052,000 after purchasing an additional 59,900 shares in the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

About TiVo

TiVo Corporation provides media and entertainment products for the consumer entertainment industry worldwide. The company operates in two segments, Product and Intellectual Property Licensing. The Product segment offers platform solutions, such as TiVo Service Platform, a cloud-based service that powers the TiVo Service client software, which operates on set-top boxes in consumer homes, as well as applications that operate on third party software platforms, such as iOS and Android; user experience solutions that allow service providers to customize elements of the interactive program guides for their customers, as well as to upgrade their programming features and services under the G-GUIDE brand; and CubiTV and TiVo Lite middleware solutions for pay TV service providers comprising cable, satellite, terrestrial, and telecommunications operators.

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