TiVo Corp (TIVO) Given Consensus Rating of “Buy” by Analysts

TiVo Corp (NASDAQ:TIVO) has received a consensus recommendation of “Buy” from the six ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $22.75.

Several brokerages have recently weighed in on TIVO. Jefferies Group reiterated a “buy” rating and set a $18.00 target price on shares of TiVo in a research report on Thursday, September 21st. Zacks Investment Research lowered shares of TiVo from a “hold” rating to a “strong sell” rating in a research report on Friday, January 5th. Piper Jaffray Companies reiterated a “buy” rating and set a $25.00 target price on shares of TiVo in a research report on Friday, November 3rd. B. Riley decreased their target price on shares of TiVo from $31.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, December 4th. Finally, ValuEngine upgraded shares of TiVo from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd.

In other news, CEO Enrique Rodriguez purchased 55,974 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average cost of $17.86 per share, with a total value of $999,695.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.57% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted 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 valued at $155,000 after purchasing an additional 1,239 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in TiVo by 8.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,207 shares of the technology company’s stock valued at $209,000 after purchasing an additional 856 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in TiVo by 73.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 11,287 shares of the technology company’s stock valued at $211,000 after purchasing an additional 4,787 shares during the last quarter. Flinton Capital Management LLC lifted its holdings in TiVo by 73.7% during the 2nd quarter. Flinton Capital Management LLC now owns 11,458 shares of the technology company’s stock valued at $214,000 after purchasing an additional 4,862 shares during the last quarter. Finally, Shelton Capital Management lifted its holdings in TiVo by 7.4% during the 2nd quarter. Shelton Capital Management now owns 12,011 shares of the technology company’s stock valued at $224,000 after purchasing an additional 824 shares during the last quarter. 90.25% of the stock is owned by hedge funds and other institutional investors.

Shares of TiVo (NASDAQ TIVO) opened at $14.85 on Wednesday. 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 has a 12-month low of $13.75 and a 12-month high of $21.75. The firm has a market cap of $1,810.00, a PE ratio of -38.08, a PEG ratio of 1.19 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 consensus estimate of ($0.07) by ($0.07). TiVo had a negative net margin of 5.39% and a positive return on equity of 4.72%. The business had revenue of $197.90 million for the quarter, compared to analyst estimates of $190.83 million. During the same quarter last year, the firm posted $0.59 earnings per share. TiVo’s revenue was up 29.3% on a year-over-year basis. analysts anticipate that TiVo will post 1.25 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 4.85%. The ex-dividend date was Tuesday, December 5th. TiVo’s dividend payout ratio is currently -184.62%.

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About TiVo

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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