Insider Selling: TiVo SVP Sells 3,030 Shares of Stock (TIVO)
TiVo (NASDAQ:TIVO) SVP Matthew Zinn sold 3,030 shares of TiVo stock on the open market in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $12.17, for a total value of $36,875.10. Following the transaction, the senior vice president now directly owns 179,789 shares of the company’s stock, valued at approximately $2,188,032. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
TiVo (NASDAQ:TIVO) traded up 0.82% during mid-day trading on Friday, hitting $12.33. 1,449,891 shares of the company’s stock traded hands. TiVo has a 52-week low of $9.63 and a 52-week high of $14.10. The stock has a 50-day moving average of $12.0 and a 200-day moving average of $11.72. The company has a market cap of $1.504 billion and a price-to-earnings ratio of 5.21.
TiVo (NASDAQ:TIVO) last announced its earnings results on Tuesday, August 27th. The company reported $1.96 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.10) by $2.06. The company had revenue of $77.00 million for the quarter, compared to the consensus estimate of $73.62 million. During the same quarter in the prior year, the company posted ($0.23) earnings per share. The company’s quarterly revenue was up 42.3% on a year-over-year basis. On average, analysts predict that TiVo will post $2.06 earnings per share for the current fiscal year.
TIVO has been the subject of a number of recent research reports. Analysts at Evercore Partners raised their price target on shares of TiVo from $13.00 to $14.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Separately, analysts at Janney Montgomery Scott cut their price target on shares of TiVo from $14.25 to $12.50 in a research note to investors on Thursday, August 29th. They now have a “neutral” rating on the stock. Finally, analysts at Albert Fried & Company reiterated an “overweight” rating on shares of TiVo in a research note to investors on Wednesday, August 28th. They now have a $22.00 price target on the stock, up previously from $16.00. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $15.19.
TiVo Inc (NASDAQ:TIVO) a developer and provider of software and technology that enables the search, navigation, and access of content across sources, including linear television, on-demand television, and broadband video.
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