TiVo Reaches New 12-Month High on Earnings Beat (TIVO)
Shares of TiVo (NASDAQ:TIVO) reached a new 52-week high during trading on Wednesday after the company announced better than expected quarterly earnings, Analyst RN reports. The company traded as high as $14.29 and last traded at $14.12, with a volume of 1,855,502 shares. The stock had previously closed at $13.90.
The company reported $0.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.01. The company had revenue of $86.60 million for the quarter, compared to the consensus estimate of $87.72 million. During the same quarter in the prior year, the company posted $1.96 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis.
A number of research firms have recently commented on TIVO. Analysts at National Alliance Securities raised their price target on shares of TiVo to $18.50 in a research note on Wednesday. Separately, analysts at MKM Partners raised their price target on shares of TiVo from $15.00 to $18.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at FBR Capital Markets reiterated a “market perform” rating on shares of TiVo in a research note on Wednesday. They now have a $12.00 price target on the stock, up previously from $11.00. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $21.29.
The stock has a 50-day moving average of $13.49 and a 200-day moving average of $12.74. The company has a market cap of $1.617 billion and a P/E ratio of 6.63.
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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