TiVo’s “Market Perform” Rating Reiterated at FBR Capital Markets (TIVO)
TiVo (NASDAQ:TIVO)‘s stock had its “market perform” rating reissued by research analysts at FBR Capital Markets in a report released on Wednesday. They currently have a $12.00 price objective on the stock, up from their previous price objective of $11.00. FBR Capital Markets’ target price would indicate a potential downside of 13.67% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at S&P Equity Research raised their price target on shares of TiVo from $8.12 to $10.32 in a research note on Thursday, August 14th. They now have an “average” rating on the stock. They noted that the move was a valuation call. Separately, analysts at TheStreet upgraded shares of TiVo to a “buy” rating in a research note on Thursday, August 14th. Finally, analysts at Telsey Advisory Group reiterated a “” rating on shares of TiVo in a research note on Friday, July 11th. They now have a $15.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $20.99.
TiVo (NASDAQ:TIVO) traded up 0.86% on Wednesday, hitting $14.02. 688,865 shares of the company’s stock traded hands. TiVo has a 52-week low of $11.03 and a 52-week high of $14.25. The stock’s 50-day moving average is $13.49 and its 200-day moving average is $12.74. The company has a market cap of $1.610 billion and a price-to-earnings ratio of 6.63.
TiVo (NASDAQ:TIVO) last released its earnings data on Tuesday, August 26th. 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. 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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