TiVo Corp (TIVO) CEO Enrique Rodriguez Acquires 55,974 Shares

TiVo Corp (NASDAQ:TIVO) CEO Enrique Rodriguez purchased 55,974 shares of the company’s stock in a transaction on Friday, December 1st. The stock was purchased at an average price of $17.86 per share, with a total value of $999,695.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of TiVo Corp (NASDAQ TIVO) traded down $0.45 during trading hours on Wednesday, hitting $16.05. 1,213,700 shares of the company were exchanged, compared to its average volume of 711,913. The company has a current ratio of 2.38, a quick ratio of 2.33 and a debt-to-equity ratio of 0.53. TiVo Corp has a 12-month low of $15.15 and a 12-month high of $21.90. The company has a market capitalization of $2,013.89, a price-to-earnings ratio of 22.30, a price-to-earnings-growth ratio of 1.32 and a beta of 0.11.

TiVo (NASDAQ:TIVO) last issued its 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 had a positive return on equity of 4.72% and a negative net margin of 5.39%. 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 prior year, the company posted $0.59 EPS. TiVo’s revenue was up 29.3% compared to the same quarter last year. equities research analysts anticipate that TiVo Corp will post 1.25 EPS for the current year.

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.49%. TiVo’s dividend payout ratio is -184.62%.

Several large investors have recently modified their holdings of 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 worth $8,682,000 after acquiring an additional 29,573 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of TiVo during the third quarter worth $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 worth $52,158,000 after acquiring 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 worth $5,810,000 after acquiring an additional 3,400 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in shares of TiVo during the third quarter worth $1,188,000. Hedge funds and other institutional investors own 90.30% of the company’s stock.

A number of research firms have weighed in on TIVO. B. Riley dropped their price target on shares of TiVo from $31.00 to $24.00 and set a “buy” rating for the company in a research report on Monday. ValuEngine lowered shares of TiVo from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Jefferies Group reiterated a “buy” rating and issued a $18.00 price target on shares of TiVo in a research report on Thursday, September 21st. Cowen reiterated a “buy” rating and issued a $30.00 price target on shares of TiVo in a research report on Friday, September 8th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $25.00 price target on shares of TiVo in a research report on Friday, November 3rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. TiVo presently has a consensus rating of “Buy” and an average price target of $24.25.

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TiVo 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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