Shares of TiVo Corporation (NASDAQ:TIVO) have received an average recommendation of “Buy” from the seven analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $27.60.

Several equities analysts recently issued reports on TIVO shares. Zacks Investment Research cut shares of TiVo Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Jefferies Group LLC reiterated a “buy” rating and set a $18.00 price target on shares of TiVo Corporation in a research report on Friday, July 7th. B. Riley set a $31.00 price target on shares of TiVo Corporation and gave the company a “buy” rating in a research report on Tuesday, August 1st. Cowen and Company reiterated a “buy” rating and set a $30.00 price target on shares of TiVo Corporation in a research report on Thursday, August 3rd. Finally, ValuEngine cut shares of TiVo Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.

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TiVo Corporation (NASDAQ TIVO) opened at 18.80 on Friday. The stock’s 50 day moving average is $18.97 and its 200-day moving average is $18.53. TiVo Corporation has a 52-week low of $15.15 and a 52-week high of $22.05. The company has a market cap of $2.26 billion, a PE ratio of 103.87 and a beta of 0.18.

TiVo Corporation (NASDAQ:TIVO) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating 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 company had revenue of $208.60 million for the quarter, compared to analysts’ expectations of $192.72 million. During the same quarter in the previous year, the company earned $0.45 earnings per share. TiVo Corporation’s quarterly revenue was up 66.6% on a year-over-year basis. Equities research analysts predict that TiVo Corporation will post $0.43 EPS for the current fiscal year.

In other TiVo Corporation news, insider Dustin Finer sold 2,369 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $18.15, for a total value of $42,997.35. Following the sale, the insider now owns 53,405 shares in the company, valued at $969,300.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Pamela A. Sergeeff sold 3,147 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $20.00, for a total transaction of $62,940.00. Following the completion of the sale, the executive vice president now owns 89,976 shares in the company, valued at approximately $1,799,520. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,397 shares of company stock worth $343,557. Corporate insiders own 3.57% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Peregrine Capital Management LLC lifted its stake in shares of TiVo Corporation by 2.1% in the third quarter. Peregrine Capital Management LLC now owns 698,314 shares of the technology company’s stock worth $13,862,000 after buying an additional 14,221 shares in the last quarter. Aperio Group LLC lifted its stake in shares of TiVo Corporation by 16.4% in the third quarter. Aperio Group LLC now owns 29,158 shares of the technology company’s stock worth $579,000 after buying an additional 4,104 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of TiVo Corporation by 60.1% in the third quarter. First Trust Advisors LP now owns 98,190 shares of the technology company’s stock worth $1,949,000 after buying an additional 36,867 shares in the last quarter. Kirr Marbach & Co. LLC IN lifted its stake in shares of TiVo Corporation by 152.2% in the third quarter. Kirr Marbach & Co. LLC IN now owns 47,225 shares of the technology company’s stock worth $937,000 after buying an additional 28,500 shares in the last quarter. Finally, LS Investment Advisors LLC lifted its stake in shares of TiVo Corporation by 22.6% in the third quarter. LS Investment Advisors LLC now owns 14,848 shares of the technology company’s stock worth $295,000 after buying an additional 2,735 shares in the last quarter. Hedge funds and other institutional investors own 89.08% 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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