TiVo (NASDAQ:TIVO) had its price target dropped by equities research analysts at B. Riley from $31.00 to $24.00 in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the technology company’s stock. B. Riley’s price objective would indicate a potential upside of 45.45% from the company’s current price.

Several other equities analysts also recently weighed in on TIVO. ValuEngine downgraded TiVo from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Cowen restated a “buy” rating and set a $30.00 price target on shares of TiVo in a report on Friday, September 8th. Jefferies Group restated a “buy” rating and set a $18.00 price target on shares of TiVo in a report on Thursday, September 21st. Finally, Piper Jaffray Companies restated a “buy” rating and set a $25.00 price target on shares of TiVo in a report on Friday, November 3rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $24.25.

TiVo (NASDAQ:TIVO) traded down $1.20 on Monday, reaching $16.50. The company’s stock had a trading volume of 1,222,353 shares, compared to its average volume of 709,760. TiVo has a twelve month low of $15.15 and a twelve month high of $21.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.33 and a current ratio of 2.38. The company has a market capitalization of $2,160.36, a P/E ratio of 23.92, a price-to-earnings-growth ratio of 1.42 and a beta of 0.11.

TiVo (NASDAQ:TIVO) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.07). TiVo had a negative net margin of 5.39% and a positive return on equity of 4.72%. The company had revenue of $197.90 million for the quarter, compared to the consensus estimate of $190.83 million. During the same quarter in the previous year, the business earned $0.59 earnings per share. TiVo’s revenue was up 29.3% compared to the same quarter last year. sell-side analysts predict that TiVo will post 1.25 EPS for the current fiscal year.

In related news, EVP Pamela A. Sergeeff sold 3,147 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 89,976 shares of the company’s stock, valued at $1,799,520. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dustin Finer sold 11,881 shares of the stock in a transaction 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 sale, the insider now directly owns 41,524 shares in the company, valued at $830,480. The disclosure for this sale can be found here. 3.57% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. AXA boosted its position in shares of TiVo by 7.3% during the third quarter. AXA now owns 437,400 shares of the technology company’s stock valued at $8,682,000 after buying an additional 29,573 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of TiVo during the third quarter valued at $273,000. Neuberger Berman Group LLC boosted its position in shares of TiVo by 9.7% during the third quarter. Neuberger Berman Group LLC now owns 2,627,610 shares of the technology company’s stock valued at $52,158,000 after buying an additional 232,034 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of TiVo by 1.2% during the third quarter. California Public Employees Retirement System now owns 292,684 shares of the technology company’s stock valued at $5,810,000 after buying an additional 3,400 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of TiVo during the third quarter valued at $1,188,000. 90.30% of the stock is currently owned by institutional investors.

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About TiVo

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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