TiVo (TIVO) Trading Down 1.8% Following Analyst Downgrade

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%.

COPYRIGHT VIOLATION NOTICE: “TiVo (TIVO) Trading Down 1.8% Following Analyst Downgrade” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another publication, it was copied illegally and republished in violation of international trademark & copyright legislation. The legal version of this news story can be viewed at https://ledgergazette.com/2017/12/06/tivo-tivo-trading-down-1-8-following-analyst-downgrade.html.

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.

Receive News & Ratings for TiVo Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TiVo Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply