TiVo Corp (NASDAQ:TIVO) – Research analysts at B. Riley reduced their Q3 2018 earnings estimates for TiVo in a report issued on Monday. B. Riley analyst E. Wold now expects that the technology company will post earnings of $0.23 per share for the quarter, down from their previous forecast of $0.35. B. Riley has a “Buy” rating and a $24.00 price objective on the stock.

TiVo (NASDAQ:TIVO) last posted 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 during the quarter, compared to the consensus estimate of $190.83 million. During the same period last year, the firm posted $0.59 earnings per share. The company’s revenue for the quarter was up 29.3% on a year-over-year basis.

Other equities research analysts also recently issued reports about the stock. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $25.00 price target on shares of TiVo in a research note on Friday, November 3rd. ValuEngine upgraded shares of TiVo from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Jefferies Group reiterated a “buy” rating and set a $18.00 price objective on shares of TiVo in a report on Thursday, September 21st. Finally, Cowen reiterated a “buy” rating and set a $30.00 price objective on shares of TiVo in a report on Friday, September 8th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. TiVo presently has an average rating of “Buy” and an average price target of $24.25.

TiVo (NASDAQ:TIVO) traded down $1.20 on Tuesday, reaching $16.50. 1,222,300 shares of the company’s stock traded hands, compared to its average volume of 709,760. TiVo has a 12-month low of $15.15 and a 12-month high of $21.90. The company has a current ratio of 2.38, a quick ratio of 2.33 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $1,980.00, a P/E ratio of 23.92, a P/E/G ratio of 1.42 and a beta of 0.11.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Amalgamated Bank boosted its holdings in TiVo by 0.5% during the second 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 boosted its holdings in TiVo by 0.3% during the second 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. boosted its holdings in TiVo by 1.1% during the second 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. Arizona State Retirement System boosted its holdings in TiVo by 0.3% during the second 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. Finally, People s United Financial Inc. boosted its holdings in TiVo by 0.4% during the second quarter. People s United Financial Inc. now owns 71,188 shares of the technology company’s stock worth $1,328,000 after purchasing an additional 276 shares during the last quarter. Hedge funds and other institutional investors own 90.30% of the company’s stock.

In other news, EVP Pamela A. Sergeeff sold 3,147 shares of TiVo stock in a transaction dated Friday, September 29th. The shares were 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 in the company, valued at $1,799,520. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dustin Finer sold 11,881 shares of TiVo stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $20.00, for a total transaction of $237,620.00. Following the transaction, the insider now owns 41,524 shares of the company’s stock, valued at $830,480. The disclosure for this sale can be found here. 3.57% of the stock is owned by company insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders 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 dividend yield of 4.36%. The ex-dividend date is Tuesday, December 5th. TiVo’s dividend payout ratio is currently -184.62%.

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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.

Earnings History and Estimates for TiVo (NASDAQ:TIVO)

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