TiVo Corp (TIVO) Earns “Buy” Rating from B. Riley
TiVo Corp (NASDAQ:TIVO)‘s stock had its “buy” rating restated by equities researchers at B. Riley in a note issued to investors on Saturday. They presently have a $31.00 target price on the technology company’s stock. B. Riley’s price objective indicates a potential upside of 94.36% from the stock’s current price.
Other research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of TiVo Corp from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Tuesday, February 14th. Piper Jaffray Companies cut their price target on shares of TiVo Corp from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, March 24th. Finally, Cowen and Company reissued an “outperform” rating and issued a $30.00 price target on shares of TiVo Corp in a report on Thursday, May 4th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $22.30.
TiVo Corp (NASDAQ:TIVO) traded down 0.62% during midday trading on Friday, reaching $15.95. The company’s stock had a trading volume of 665,821 shares. The stock has a 50-day moving average price of $18.34 and a 200 day moving average price of $19.39. TiVo Corp has a 12 month low of $15.06 and a 12 month high of $23.40. The company has a market cap of $1.91 billion, a PE ratio of 104.25 and a beta of 0.84.
TiVo Corp (NASDAQ:TIVO) last released its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.08. TiVo Corp had a negative net margin of 3.78% and a positive return on equity of 8.88%. The business had revenue of $205.76 million during the quarter, compared to analyst estimates of $188.79 million. During the same period in the previous year, the business earned $0.26 EPS. TiVo Corp’s revenue was up 73.8% compared to the same quarter last year. Analysts expect that TiVo Corp will post $0.43 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Tuesday, June 6th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend is Friday, June 2nd.
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Several hedge funds have recently bought and sold shares of the company. Tyers Asset Management LLC bought a new stake in TiVo Corp during the fourth quarter worth about $111,000. Parallel Advisors LLC bought a new stake in TiVo Corp during the fourth quarter worth about $111,000. Bank of Montreal Can increased its stake in TiVo Corp by 156.6% in the first quarter. Bank of Montreal Can now owns 6,307 shares of the technology company’s stock worth $118,000 after buying an additional 3,849 shares in the last quarter. Flinton Capital Management LLC bought a new stake in TiVo Corp during the fourth quarter worth about $134,000. Finally, PNC Financial Services Group Inc. increased its stake in TiVo Corp by 25.4% in the first quarter. PNC Financial Services Group Inc. now owns 7,074 shares of the technology company’s stock worth $132,000 after buying an additional 1,433 shares in the last quarter. 98.99% of the stock is owned by institutional investors.
TiVo Corp Company Profile
TiVo Corporation is engaged in offering media and entertainment products. The Company operates through two segments: Intellectual Property Licensing and Product. The Company’s Product segment includes a suite of component technologies that can be integrated into media service provider internally developed platforms or deployed as an integrated TiVo solution.
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