TiVo Stock Rating Lowered by Goldman Sachs Group Inc. (TIVO)
TiVo (NASDAQ:TIVO) was downgraded by research analysts at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a report released on Monday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on TIVO. Analysts at Piper Jaffray reiterated a “positive” rating on shares of TiVo in a research note to investors on Wednesday, November 27th. Separately, analysts at Barrington Research reiterated an “outperform” rating on shares of TiVo in a research note to investors on Wednesday, November 27th. They now have a $16.00 price target on the stock. Finally, analysts at Brean Capital reiterated a “buy” rating on shares of TiVo in a research note to investors on Wednesday, November 27th. They now have a $14.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $22.65.
TiVo (NASDAQ:TIVO) traded down 4.82% during mid-day trading on Monday, hitting $12.84. The stock had a trading volume of 4,955,031 shares. TiVo has a 52-week low of $10.47 and a 52-week high of $14.25. The stock’s 50-day moving average is $12.8 and its 200-day moving average is $12.28. The company has a market cap of $1.566 billion and a P/E ratio of 6.84.
TiVo (NASDAQ:TIVO) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.06 by $0.04. The company had revenue of $81.70 million for the quarter, compared to the consensus estimate of $81.35 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 33.9% on a year-over-year basis. Analysts expect that TiVo will post $2.06 EPS 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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