TiVo Corporation (TIVO) Receives Consensus Recommendation of “Buy” from Analysts
Shares of TiVo Corporation (NASDAQ:TIVO) have received a consensus recommendation of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $27.60.
A number of brokerages have commented on TIVO. B. Riley set a $31.00 price objective on 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 issued a $30.00 price objective on shares of TiVo Corporation in a research report on Thursday, August 3rd. ValuEngine lowered TiVo Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Jefferies Group LLC reiterated a “buy” rating and issued a $18.00 price objective on shares of TiVo Corporation in a research report on Thursday, September 21st. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $25.00 price target on shares of TiVo Corporation in a research report on Friday, November 3rd.
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TiVo Corporation (NASDAQ:TIVO) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.07). TiVo Corporation had a negative net margin of 5.39% and a positive return on equity of 4.72%. The business had revenue of $197.90 million for the quarter, compared to analyst estimates of $190.83 million. During the same period in the prior year, the business earned $0.59 earnings per share. The company’s revenue for the quarter was up 29.3% on a year-over-year basis. equities research analysts expect that TiVo Corporation will post 1.25 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date is Tuesday, December 5th. TiVo Corporation’s payout ratio is currently -184.62%.
In other TiVo Corporation news, insider Dustin Finer sold 11,881 shares of the business’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 transaction of $237,620.00. Following the completion of the transaction, the insider now directly owns 41,524 shares in the company, valued at $830,480. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Pamela A. Sergeeff sold 3,147 shares of the business’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 transaction of $62,940.00. Following the transaction, the executive vice president now owns 89,976 shares of the company’s stock, valued at $1,799,520. The disclosure for this sale can be found here. Company insiders own 3.57% of the company’s stock.
Several large investors have recently made changes to their positions in TIVO. Teachers Advisors LLC increased its holdings in shares of TiVo Corporation by 3.6% during the first quarter. Teachers Advisors LLC now owns 206,123 shares of the technology company’s stock worth $3,865,000 after buying an additional 7,091 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of TiVo Corporation by 25.4% during the first quarter. PNC Financial Services Group Inc. now owns 7,074 shares of the technology company’s stock worth $132,000 after buying an additional 1,433 shares in the last quarter. Bank of America Corp DE increased its holdings in TiVo Corporation by 107.0% in the first quarter. Bank of America Corp DE now owns 259,355 shares of the technology company’s stock valued at $4,863,000 after purchasing an additional 134,083 shares during the period. Tudor Investment Corp ET AL acquired a new stake in TiVo Corporation in the first quarter valued at $208,000. Finally, Public Employees Retirement System of Ohio increased its holdings in TiVo Corporation by 23.2% in the first quarter. Public Employees Retirement System of Ohio now owns 10,351 shares of the technology company’s stock valued at $194,000 after purchasing an additional 1,946 shares during the period. Institutional investors own 88.79% of the company’s stock.
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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