Jefferies Group LLC reissued their buy rating on shares of TiVo Corporation (NASDAQ:TIVO) in a research report sent to investors on Thursday. They currently have a $18.00 price target on the technology company’s stock.
Several other research firms have also commented on TIVO. B. Riley set a $31.00 price target on TiVo Corporation and gave the stock a buy rating in a research report on Tuesday, August 1st. Cowen and Company reiterated a buy rating and issued a $30.00 price target on shares of TiVo Corporation in a research report on Thursday, August 3rd. ValuEngine lowered TiVo Corporation from a buy rating to a hold rating in a research report on Friday, September 1st. Finally, Zacks Investment Research lowered TiVo Corporation from a strong-buy rating to a hold rating in a research report on Tuesday, July 4th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $26.17.
Shares of TiVo Corporation (NASDAQ:TIVO) opened at 19.15 on Thursday. TiVo Corporation has a 1-year low of $15.15 and a 1-year high of $22.05. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 105.80 and a beta of 0.14. The stock has a 50 day moving average price of $18.43 and a 200-day moving average price of $18.39.
TiVo Corporation (NASDAQ:TIVO) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.20. The company had revenue of $208.60 million during the quarter, compared to analyst estimates of $192.72 million. TiVo Corporation had a return on equity of 10.59% and a net margin of 2.47%. The firm’s revenue was up 66.6% on a year-over-year basis. During the same quarter last year, the business posted $0.45 earnings per share. Equities research analysts forecast that TiVo Corporation will post $0.43 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Thursday, September 7th were given a dividend of $0.18 per share. The ex-dividend date was Wednesday, September 6th. This represents a $0.72 annualized dividend and a dividend yield of 3.76%. TiVo Corporation’s dividend payout ratio (DPR) is presently 240.00%.
In other TiVo Corporation news, insider Dustin Finer sold 2,369 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $18.15, for a total transaction of $42,997.35. Following the completion of the transaction, the insider now owns 53,405 shares in the company, valued at $969,300.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.57% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the business. Bank of Montreal Can raised its stake in shares of TiVo Corporation by 156.6% during the first quarter. Bank of Montreal Can now owns 6,307 shares of the technology company’s stock valued at $118,000 after acquiring an additional 3,849 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of TiVo Corporation by 27.0% during the first quarter. Wells Fargo & Company MN now owns 207,771 shares of the technology company’s stock valued at $3,896,000 after acquiring an additional 44,236 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of TiVo Corporation by 7.4% during the first quarter. Great West Life Assurance Co. Can now owns 169,387 shares of the technology company’s stock valued at $3,167,000 after acquiring an additional 11,650 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of TiVo Corporation by 3.3% during the first quarter. Bank of New York Mellon Corp now owns 1,595,295 shares of the technology company’s stock valued at $29,913,000 after acquiring an additional 51,040 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in shares of TiVo Corporation by 28.7% during the first quarter. BNP Paribas Arbitrage SA now owns 30,203 shares of the technology company’s stock valued at $566,000 after acquiring an additional 6,744 shares in the last quarter. Institutional investors and hedge funds own 89.00% of the company’s stock.
About TiVo Corporation
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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