TiVo Corporation Target of Unusually High Options Trading (TIVO)
TiVo Corporation (NASDAQ:TIVO) saw unusually large options trading activity on Wednesday. Stock traders bought 918 put options on the stock. This is an increase of Infinity compared to the average daily volume of 0 put options.
In related news, insider Dustin Finer sold 11,881 shares of the firm’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 directly owns 41,524 shares of the company’s stock, valued at approximately $830,480. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Pamela A. Sergeeff sold 3,147 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 89,976 shares of the company’s stock, valued at $1,799,520. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,397 shares of company stock valued at $343,557. 3.57% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA increased its position in TiVo Corporation by 59.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 64,423 shares of the technology company’s stock worth $1,279,000 after purchasing an additional 24,115 shares in the last quarter. Bessemer Group Inc. purchased a new stake in TiVo Corporation during the 3rd quarter worth about $687,000. NJ State Employees Deferred Compensation Plan increased its position in TiVo Corporation by 48.9% during the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 51,758 shares of the technology company’s stock worth $1,028,000 after purchasing an additional 17,000 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in TiVo Corporation during the 3rd quarter worth about $763,000. Finally, Peregrine Capital Management LLC increased its position in TiVo Corporation by 2.1% during the 3rd quarter. Peregrine Capital Management LLC now owns 698,314 shares of the technology company’s stock worth $13,862,000 after purchasing an additional 14,221 shares in the last quarter. Hedge funds and other institutional investors own 89.13% of the company’s stock.
Several research analysts recently commented on TIVO shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $18.00 price objective on shares of TiVo Corporation in a report on Friday, July 7th. B. Riley set a $31.00 price objective on shares of TiVo Corporation and gave the stock a “buy” rating in a report on Tuesday, August 1st. Cowen and Company reissued a “buy” rating and issued a $30.00 price target on shares of TiVo Corporation in a report on Thursday, August 3rd. ValuEngine downgraded shares of TiVo Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $25.00 price target on shares of TiVo Corporation in a report on Friday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $27.60.
TiVo Corporation (NASDAQ:TIVO) opened at $17.30 on Friday. The firm 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 announced its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). TiVo Corporation had a negative net margin of 5.39% and a positive return on equity of 4.69%. The firm had revenue of $197.90 million during the quarter, compared to analysts’ expectations of $190.83 million. During the same quarter in the prior year, the business earned $0.59 EPS. The company’s quarterly revenue was up 29.3% compared to the same quarter last year. equities analysts anticipate that TiVo Corporation will post -0.33 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date is Tuesday, December 5th. TiVo Corporation’s dividend payout ratio is presently -184.62%.
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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