National Alliance Securities Initiates Coverage on TiVo (TIVO)
Analysts at National Alliance Securities began coverage on shares of TiVo (NASDAQ:TIVO) in a research report issued to clients and investors on Wednesday. The firm set a “buy” rating and a $17.50 price target on the stock. National Alliance Securities’ price target would indicate a potential upside of 43.38% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Janney Montgomery Scott raised their price target on shares of TiVo from $13.50 to $14.00 in a research note on Friday, May 23rd. They now have a “fair value” rating on the stock. Analysts at Zacks downgraded shares of TiVo from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 20th. They now have a $11.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $20.54.
Shares of TiVo (NASDAQ:TIVO) opened at 12.205 on Wednesday. TiVo has a 1-year low of $10.47 and a 1-year high of $14.25. The stock has a 50-day moving average of $11.98 and a 200-day moving average of $12.51. The company has a market cap of $1.402 billion and a P/E ratio of 5.75.
TiVo (NASDAQ:TIVO) last released its earnings data on Thursday, May 22nd. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.01. The company had revenue of $107.06 million for the quarter, compared to the consensus estimate of $86.80 million. During the same quarter last year, the company posted ($0.09) earnings per share. TiVo’s revenue was up 39.2% compared to the same quarter last year. Analysts expect that TiVo will post $0.28 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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