Analysts at BWS Financial initiated coverage on shares of TiVo (NASDAQ:TIVO) in a research report issued on Monday, The Fly reports. The brokerage set a “buy” rating on the technology company’s stock.
A number of other analysts have also recently commented on the company. B. Riley cut TiVo from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $24.00 to $18.00 in a research report on Wednesday, December 13th. Zacks Investment Research cut TiVo from a “hold” rating to a “strong sell” rating in a research report on Friday, January 5th. Piper Jaffray Companies restated a “buy” rating and issued a $25.00 price target on shares of TiVo in a research report on Friday, November 3rd. Finally, ValuEngine upgraded TiVo from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $22.75.
TiVo (NASDAQ:TIVO) traded up $0.35 during trading on Monday, reaching $14.85. The company had a trading volume of 1,481,900 shares, compared to its average volume of 1,507,923. The stock has a market capitalization of $1,812.50, a PE ratio of -38.08, a PEG ratio of 1.17 and a beta of 0.11. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.33 and a current ratio of 2.38. TiVo has a 12 month low of $13.75 and a 12 month high of $21.75.
In other TiVo news, CEO Enrique Rodriguez bought 55,974 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average price of $17.86 per share, for a total transaction of $999,695.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.57% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in shares of TiVo by 62,480.7% during the first quarter. BlackRock Inc. now owns 14,976,807 shares of the technology company’s stock worth $280,814,000 after purchasing an additional 14,952,875 shares in the last quarter. Vanguard Group Inc. boosted its stake in TiVo by 1.7% during the second quarter. Vanguard Group Inc. now owns 11,128,544 shares of the technology company’s stock valued at $207,547,000 after buying an additional 182,567 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in TiVo by 0.9% during the third quarter. Ameriprise Financial Inc. now owns 9,028,365 shares of the technology company’s stock valued at $179,212,000 after buying an additional 78,221 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in TiVo by 5.4% during the first quarter. Dimensional Fund Advisors LP now owns 7,569,853 shares of the technology company’s stock valued at $141,935,000 after buying an additional 384,440 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in TiVo by 2.7% during the first quarter. Wellington Management Group LLP now owns 6,272,335 shares of the technology company’s stock valued at $59,650,000 after buying an additional 162,656 shares during the last quarter. Hedge funds and other institutional investors own 90.27% of the company’s stock.
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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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