TiVo Corporation (TIVO) Insider Sells $237,620.00 in Stock
TiVo Corporation (NASDAQ:TIVO) insider Dustin Finer sold 11,881 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $20.00, for a total value of $237,620.00. Following the completion of the transaction, the insider now owns 41,524 shares in the company, valued at $830,480. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Dustin Finer also recently made the following trade(s):
- On Thursday, August 10th, Dustin Finer sold 2,369 shares of TiVo Corporation stock. The stock was sold at an average price of $18.15, for a total value of $42,997.35.
TiVo Corporation (TIVO) traded down 0.50% on Tuesday, hitting $19.75. The stock had a trading volume of 655,704 shares. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 109.12 and a beta of 0.18. The company’s 50-day moving average price is $18.66 and its 200 day moving average price is $18.46. TiVo Corporation has a one year low of $15.15 and a one year high of $22.05.
TiVo Corporation (NASDAQ:TIVO) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.10 by $0.20. TiVo Corporation had a net margin of 2.47% and a return on equity of 10.59%. The firm had revenue of $208.60 million during the quarter, compared to analyst estimates of $192.72 million. During the same quarter in the prior year, the business posted $0.45 earnings per share. TiVo Corporation’s revenue for the quarter was up 66.6% compared to the same quarter last year. Analysts expect that TiVo Corporation will post $0.43 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Thursday, September 7th were issued a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, September 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.65%. TiVo Corporation’s dividend payout ratio (DPR) is presently 240.00%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of TiVo Corporation by 62,480.7% in the 1st quarter. BlackRock Inc. now owns 14,976,807 shares of the technology company’s stock worth $280,814,000 after buying an additional 14,952,875 shares during the period. State Street Corp acquired a new position in TiVo Corporation in the first quarter valued at $56,025,000. Denver Investment Advisors LLC boosted its holdings in TiVo Corporation by 275.5% in the second quarter. Denver Investment Advisors LLC now owns 1,724,867 shares of the technology company’s stock valued at $32,168,000 after acquiring an additional 1,265,563 shares during the last quarter. Vanguard Group Inc. boosted its holdings in TiVo Corporation by 9.1% in the first quarter. Vanguard Group Inc. now owns 10,945,977 shares of the technology company’s stock valued at $205,238,000 after acquiring an additional 910,594 shares during the last quarter. Finally, Teachers Advisors LLC boosted its holdings in TiVo Corporation by 422.1% in the second quarter. Teachers Advisors LLC now owns 1,076,095 shares of the technology company’s stock valued at $20,069,000 after acquiring an additional 869,972 shares during the last quarter. 89.00% of the stock is owned by institutional investors.
A number of equities research analysts have commented on TIVO shares. ValuEngine upgraded TiVo Corporation from a “hold” rating to a “buy” rating in a research report on Monday. Jefferies Group LLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of TiVo Corporation in a research note on Thursday, September 21st. Cowen and Company reiterated a “buy” rating and set a $30.00 price target on shares of TiVo Corporation in a report on Friday, September 8th. B. Riley reiterated a “buy” rating and set a $31.00 price target on shares of TiVo Corporation in a report on Sunday, August 6th. Finally, Zacks Investment Research downgraded TiVo Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 4th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $26.17.
TiVo Corporation 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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