TiVo Corp (NASDAQ:TIVO) shares fell 1.8% during trading on Tuesday after B. Riley lowered their price target on the stock from $31.00 to $24.00. B. Riley currently has a buy rating on the stock. TiVo traded as low as $16.50 and last traded at $16.20. 461,410 shares were traded during mid-day trading, a decline of 35% from the average session volume of 709,760 shares. The stock had previously closed at $16.50.
TIVO has been the subject of a number of other reports. Jefferies Group restated a “buy” rating and issued a $18.00 price objective on shares of TiVo in a report on Thursday, September 21st. Piper Jaffray Companies restated a “buy” rating and issued a $25.00 price objective on shares of TiVo in a report on Friday, November 3rd. ValuEngine upgraded TiVo from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Cowen restated a “buy” rating and issued a $30.00 price objective on shares of TiVo in a report on Friday, September 8th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. TiVo has an average rating of “Buy” and a consensus price target of $24.25.
In other TiVo news, CEO Enrique Rodriguez purchased 55,974 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was purchased at an average cost of $17.86 per share, for a total transaction of $999,695.64. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Dustin Finer sold 11,881 shares of the stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $20.00, for a total value of $237,620.00. Following the sale, 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. Corporate insiders own 3.57% of the company’s stock.
A number of institutional investors have recently modified their holdings of TIVO. Creative Planning grew its holdings in TiVo by 83.8% during the 2nd quarter. Creative Planning now owns 7,137 shares of the technology company’s stock worth $133,000 after acquiring an additional 3,253 shares during the period. PNC Financial Services Group Inc. grew its holdings in TiVo by 17.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,313 shares of the technology company’s stock worth $155,000 after acquiring an additional 1,239 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of TiVo by 23.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 10,351 shares of the technology company’s stock worth $194,000 after purchasing an additional 1,946 shares in the last quarter. Bbva Compass Bancshares Inc. boosted its position in shares of TiVo by 1.1% during the 2nd 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 in the last quarter. Finally, Riverhead Capital Management LLC boosted its position in shares of TiVo by 73.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 11,287 shares of the technology company’s stock worth $211,000 after purchasing an additional 4,787 shares in the last quarter. Hedge funds and other institutional investors own 90.30% of the company’s stock.
The firm has a market capitalization of $1,980.00, a PE ratio of 23.92, a PEG ratio of 1.42 and a beta of 0.11. The company has a quick ratio of 2.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.53.
TiVo (NASDAQ:TIVO) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.07). The company had revenue of $197.90 million for the quarter, compared to the consensus estimate of $190.83 million. TiVo had a positive return on equity of 4.72% and a negative net margin of 5.39%. TiVo’s revenue for the quarter was up 29.3% compared to the same quarter last year. During the same period last year, the company earned $0.59 EPS. research analysts expect that TiVo Corp will post 1.25 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders 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 (DPR) is presently -184.62%.
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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