TiVo (TIVO) Trading 11.4% Higher
Shares of TiVo Corp (NASDAQ:TIVO) traded up 11.4% on Monday . The stock traded as high as $16.00 and last traded at $15.60. 7,363,200 shares traded hands during trading, an increase of 829% from the average session volume of 792,894 shares. The stock had previously closed at $14.00.
Several analysts have weighed in on the stock. ValuEngine raised shares of TiVo from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. B. Riley reissued a “buy” rating and set a $31.00 target price on shares of TiVo in a research report on Monday, October 9th. Jefferies Group reissued a “buy” rating and set a $18.00 target price on shares of TiVo in a research report on Thursday, September 21st. Cowen reissued a “buy” rating and set a $30.00 target price on shares of TiVo in a research report on Friday, September 8th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $25.00 target price on shares of TiVo in a research report on Friday, November 3rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. TiVo has a consensus rating of “Buy” and an average target price of $22.75.
The firm has a market cap of $1,840.00, a price-to-earnings ratio of -38.72, a P/E/G ratio of 1.25 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 (NASDAQ:TIVO) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The business had revenue of $197.90 million during the quarter, compared to analysts’ expectations of $190.83 million. TiVo had a negative net margin of 8.57% and a negative return on equity of 3.67%. The firm’s revenue was up 29.3% on a year-over-year basis. During the same period last year, the company earned $0.59 earnings per share. equities analysts expect that TiVo Corp will post 1.25 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend was Tuesday, December 5th. TiVo’s dividend payout ratio (DPR) is currently -184.62%.
In other TiVo news, CEO Enrique Rodriguez acquired 55,974 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were acquired at an average cost of $17.86 per share, with a total value of $999,695.64. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 3.57% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its holdings in shares of TiVo by 17.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,313 shares of the technology company’s stock valued at $155,000 after acquiring an additional 1,239 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of TiVo by 8.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,207 shares of the technology company’s stock valued at $209,000 after purchasing an additional 856 shares during the period. Riverhead Capital Management LLC lifted its stake in shares of TiVo by 73.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 11,287 shares of the technology company’s stock valued at $211,000 after purchasing an additional 4,787 shares during the period. Flinton Capital Management LLC lifted its stake in shares of TiVo by 73.7% in the 2nd quarter. Flinton Capital Management LLC now owns 11,458 shares of the technology company’s stock valued at $214,000 after purchasing an additional 4,862 shares during the period. Finally, Shelton Capital Management lifted its stake in shares of TiVo by 7.4% in the 2nd quarter. Shelton Capital Management now owns 12,011 shares of the technology company’s stock valued at $224,000 after purchasing an additional 824 shares during the period. 90.25% of the stock is currently owned by institutional investors and hedge funds.
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TiVo 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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