TiVo (TIVO) Getting Somewhat Positive News Coverage, Analysis Shows
Press coverage about TiVo (NASDAQ:TIVO) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TiVo earned a news impact score of 0.01 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 46.5676518145756 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Active Shares Making Early Retreat Today – PAY, NTLA, TIVO, ARCB, CIVI, NTIC, TKAT (fxpips.com)
- (GUEST) SVOD a daily habit for 60% of US adults (thevideoink.com)
- TiVo drops again on more Riley patent skepticism (msn.com)
- T-Mobile is getting into the streaming television business with Layer3 TV acqusition (androidcentral.com)
- Cord cutting slows in Q3, TiVo study finds (fiercecable.com)
Several research analysts recently weighed in on the stock. ValuEngine lowered shares of TiVo from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Jefferies Group reissued a “buy” rating and set a $18.00 price objective on shares of TiVo in a research note on Thursday, September 21st. Piper Jaffray Companies reissued a “buy” rating and set a $25.00 price objective on shares of TiVo in a research note on Friday, November 3rd. B. Riley reduced their price objective 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, Cowen reissued a “buy” rating and set a $30.00 price objective on shares of TiVo in a research note on Friday, September 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. TiVo presently has an average rating of “Buy” and an average price target of $22.75.
TiVo (NASDAQ:TIVO) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.07). TiVo had a positive return on equity of 4.72% and a negative net margin of 5.39%. The firm had revenue of $197.90 million for the quarter, compared to the consensus estimate of $190.83 million. During the same period in the previous year, the business earned $0.59 EPS. The firm’s revenue was up 29.3% compared to the same quarter last year. analysts forecast that TiVo will post 1.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date is Tuesday, December 5th. TiVo’s payout ratio is currently -184.62%.
In other TiVo news, EVP Pamela A. Sergeeff sold 3,147 shares of TiVo 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 transaction, the executive vice president now owns 89,976 shares of the company’s stock, valued at $1,799,520. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Dustin Finer sold 11,881 shares of TiVo stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $20.00, for a total transaction of $237,620.00. Following the completion of the transaction, the insider now directly owns 41,524 shares in the company, valued at approximately $830,480. The disclosure for this sale can be found here. Insiders own 3.57% of the company’s stock.
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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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