TiVo (TIVO) Sets New 1-Year Low at $13.60
Shares of TiVo Corp (NASDAQ:TIVO) hit a new 52-week low on Thursday . The stock traded as low as $13.60 and last traded at $13.62, with a volume of 635426 shares traded. The stock had previously closed at $13.95.
Several brokerages have weighed in on TIVO. B. Riley reissued a “buy” rating and set a $31.00 price objective on shares of TiVo in a report on Monday, October 30th. Piper Jaffray Companies reissued a “buy” rating and set a $25.00 price objective on shares of TiVo in a report on Friday, November 3rd. Zacks Investment Research cut TiVo from a “hold” rating to a “strong sell” rating in a report on Friday, January 5th. Finally, BWS Financial began coverage on TiVo in a report on Monday, January 22nd. They set a “buy” rating and a $25.00 price objective for the company. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $23.20.
The firm has a market cap of $1,750.00, a price-to-earnings ratio of -36.79, a price-to-earnings-growth ratio of 1.10 and a beta of -0.10. The company has a quick ratio of 2.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.53.
Several hedge funds have recently made changes to their positions in the company. CIBC Asset Management Inc bought a new stake in shares of TiVo in the 4th quarter valued at about $235,000. Heartland Advisors Inc. increased its stake in shares of TiVo by 25.0% in the 4th quarter. Heartland Advisors Inc. now owns 750,000 shares of the technology company’s stock valued at $11,700,000 after acquiring an additional 150,000 shares during the last quarter. Alambic Investment Management L.P. increased its stake in shares of TiVo by 5.5% in the 4th quarter. Alambic Investment Management L.P. now owns 396,866 shares of the technology company’s stock valued at $6,191,000 after acquiring an additional 20,666 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of TiVo by 117.1% in the 4th quarter. Bessemer Group Inc. now owns 75,100 shares of the technology company’s stock valued at $1,172,000 after acquiring an additional 40,500 shares during the last quarter. Finally, Washington Capital Management Inc. increased its stake in shares of TiVo by 16.5% in the 4th quarter. Washington Capital Management Inc. now owns 26,800 shares of the technology company’s stock valued at $418,000 after acquiring an additional 3,800 shares during the last quarter. 90.11% of the stock is owned by institutional investors.
TRADEMARK VIOLATION NOTICE: This news story was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be accessed at https://www.watchlistnews.com/tivo-tivo-sets-new-1-year-low-at-13-60/1841190.html.
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.
Receive News & Ratings for TiVo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TiVo and related companies with MarketBeat.com's FREE daily email newsletter.