TiVo Corporation (NASDAQ:TIVO)‘s stock had its “buy” rating restated by Cowen and Company in a report issued on Friday. They currently have a $30.00 price target on the technology company’s stock. Cowen and Company’s target price would indicate a potential upside of 65.75% from the stock’s previous close.

Other research analysts have also issued reports about the stock. B. Riley reiterated a “buy” rating and set a $31.00 price objective on shares of TiVo Corporation in a report on Sunday, August 6th. ValuEngine lowered shares of TiVo Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Jefferies Group LLC reiterated a “buy” rating and set a $18.00 price objective on shares of TiVo Corporation in a report on Friday, July 7th. Zacks Investment Research lowered shares of TiVo Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $25.00 price objective on shares of TiVo Corporation in a report on Tuesday, May 30th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $26.17.

Shares of TiVo Corporation (NASDAQ TIVO) traded up 2.84% during midday trading on Friday, hitting $18.10. 403,644 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $18.53 and its 200 day moving average price is $18.41. TiVo Corporation has a one year low of $15.15 and a one year high of $22.20. The firm has a market cap of $2.18 billion, a PE ratio of 100.00 and a beta of 0.14.

TiVo Corporation (NASDAQ:TIVO) last released its earnings results on Thursday, August 3rd. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.20. The company had revenue of $208.60 million for the quarter, compared to analyst estimates of $192.72 million. TiVo Corporation had a net margin of 2.47% and a return on equity of 10.59%. The firm’s quarterly revenue was up 66.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. Equities research analysts forecast that TiVo Corporation will post $0.43 EPS for the current year.

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In related news, insider Dustin Finer sold 2,369 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $18.15, for a total value of $42,997.35. Following the transaction, the insider now owns 53,405 shares in the company, valued at $969,300.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.57% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of TIVO. Bank of Montreal Can raised its holdings in TiVo Corporation by 156.6% in the first quarter. Bank of Montreal Can now owns 6,307 shares of the technology company’s stock valued at $118,000 after buying an additional 3,849 shares during the period. Nationwide Fund Advisors raised its holdings in TiVo Corporation by 42.5% in the first quarter. Nationwide Fund Advisors now owns 396,289 shares of the technology company’s stock valued at $7,430,000 after buying an additional 118,132 shares during the period. Wells Fargo & Company MN raised its holdings in TiVo Corporation by 27.0% in the first quarter. Wells Fargo & Company MN now owns 207,771 shares of the technology company’s stock valued at $3,896,000 after buying an additional 44,236 shares during the period. Great West Life Assurance Co. Can grew its position in TiVo Corporation by 7.4% in the first quarter. Great West Life Assurance Co. Can now owns 169,387 shares of the technology company’s stock valued at $3,167,000 after acquiring an additional 11,650 shares in the last quarter. Finally, Tyers Asset Management LLC grew its position in TiVo Corporation by 2.6% in the first quarter. Tyers Asset Management LLC now owns 5,432 shares of the technology company’s stock valued at $102,000 after acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 89.00% of the company’s stock.

About TiVo Corporation

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.

Analyst Recommendations for TiVo Corporation (NASDAQ:TIVO)

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