TiVo Corporation Target of Unusually High Options Trading (TIVO)
TiVo Corporation (NASDAQ:TIVO) was the target of some unusual options trading activity on Wednesday. Investors acquired 928 call options on the stock. This is an increase of approximately Infinity compared to the average volume of 0 call options.
Shares of TiVo Corporation (TIVO) opened at $17.30 on Friday. The company has a market cap of $2,190.87, a P/E ratio of 24.26 and a beta of 0.10. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.51 and a current ratio of 2.57.
TiVo Corporation (NASDAQ:TIVO) last posted its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.07). The firm had revenue of $197.90 million during the quarter, compared to analysts’ expectations of $190.83 million. TiVo Corporation had a negative net margin of 5.39% and a positive return on equity of 4.69%. The company’s quarterly revenue was up 29.3% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. analysts expect that TiVo Corporation will post -0.33 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be paid a $0.18 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $0.72 annualized dividend and a yield of 4.16%. TiVo Corporation’s dividend payout ratio (DPR) is -184.62%.
Several equities analysts recently weighed in on the stock. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $25.00 price target on shares of TiVo Corporation in a research report on Friday. B. Riley reaffirmed a “buy” rating and issued a $31.00 price target on shares of TiVo Corporation in a research report on Sunday, August 6th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of TiVo Corporation in a research report on Friday, July 7th. ValuEngine cut shares of TiVo Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $30.00 price target on shares of TiVo Corporation in a research report on Thursday, August 3rd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. TiVo Corporation presently has a consensus rating of “Buy” and an average price target of $27.60.
In related news, EVP Pamela A. Sergeeff sold 3,147 shares of the firm’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $20.00, for a total value of $62,940.00. Following the transaction, the executive vice president now owns 89,976 shares of the company’s stock, valued at approximately $1,799,520. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Dustin Finer sold 2,369 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $18.15, for a total transaction of $42,997.35. Following the completion of the transaction, the insider now directly owns 53,405 shares in the company, valued at approximately $969,300.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,397 shares of company stock worth $343,557. 3.57% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of the company. Atria Investments LLC increased its stake in shares of TiVo Corporation by 0.4% during the 2nd quarter. Atria Investments LLC now owns 10,973 shares of the technology company’s stock worth $205,000 after purchasing an additional 49 shares during the last quarter. Amalgamated Bank increased its stake in shares of TiVo Corporation by 0.5% during the 2nd quarter. Amalgamated Bank now owns 15,847 shares of the technology company’s stock worth $296,000 after purchasing an additional 85 shares during the last quarter. Cipher Capital LP increased its stake in shares of TiVo Corporation by 0.3% during the 2nd quarter. Cipher Capital LP now owns 26,769 shares of the technology company’s stock worth $499,000 after purchasing an additional 89 shares during the last quarter. Bbva Compass Bancshares Inc. increased its stake in shares of TiVo Corporation by 1.1% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 10,594 shares of the technology company’s stock worth $198,000 after purchasing an additional 120 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in shares of TiVo Corporation by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 63,200 shares of the technology company’s stock worth $1,179,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 89.13% of the company’s stock.
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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.
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