Insider Selling: TiVo EVP Sells 13,939 Shares of Stock (TIVO)
TiVo (NASDAQ:TIVO) EVP Jeffrey Klugman sold 13,939 shares of the company’s stock on the open market in a transaction dated Monday, October 21st. The stock was sold at an average price of $12.95, for a total value of $180,510.05. Following the completion of the transaction, the executive vice president now directly owns 169,751 shares of the company’s stock, valued at approximately $2,198,275. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. 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, October 11th. 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 investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $15.19.
TiVo (NASDAQ:TIVO) traded up 3.53% during mid-day trading on Wednesday, hitting $13.49. The stock had a trading volume of 3,679,692 shares. TiVo has a one year low of $8.73 and a one year high of $14.10. The stock has a 50-day moving average of $11.30 and a 200-day moving average of $11.75. The company has a market cap of $1.645 billion and a price-to-earnings ratio of 5.55.
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 $2.05 earnings per share for the current fiscal year.
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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