Shares of TiVo Corporation (NASDAQ:TIVO) have been given a consensus rating of “Buy” by the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $27.60.
TIVO has been the subject of a number of research reports. B. Riley reiterated a “buy” rating and set a $31.00 target price on shares of TiVo Corporation in a report on Monday, May 15th. ValuEngine cut TiVo Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Piper Jaffray Companies reiterated a “buy” rating and set a $25.00 target price on shares of TiVo Corporation in a report on Tuesday, May 30th. Jefferies Group LLC reiterated a “buy” rating and set a $18.00 target price on shares of TiVo Corporation in a report on Friday, July 7th. Finally, Cowen and Company restated a “buy” rating and issued a $30.00 price target on shares of TiVo Corporation in a report on Thursday, August 3rd.
Shares of TiVo Corporation (TIVO) traded up 2.84% on Thursday, reaching $18.10. 403,644 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $18.53 and its 200-day moving average price is $18.41. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 100.00 and a beta of 0.14. TiVo Corporation has a 52 week low of $15.15 and a 52 week high of $22.20.
TiVo Corporation (NASDAQ:TIVO) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.20. TiVo Corporation had a net margin of 2.47% and a return on equity of 10.59%. The company had revenue of $208.60 million during the quarter, compared to the consensus estimate of $192.72 million. During the same quarter in the prior year, the company posted $0.45 EPS. The company’s quarterly revenue was up 66.6% compared to the same quarter last year. Equities analysts predict that TiVo Corporation will post $0.43 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Thursday, September 7th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend is Wednesday, September 6th. TiVo Corporation’s dividend payout ratio is presently 240.00%.
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In other TiVo Corporation news, insider Dustin Finer sold 2,369 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $18.15, for a total value of $42,997.35. Following the sale, the insider now directly owns 53,405 shares of the company’s stock, valued at $969,300.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.57% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of TiVo Corporation by 62,480.7% in the first quarter. BlackRock Inc. now owns 14,976,807 shares of the technology company’s stock worth $280,814,000 after purchasing an additional 14,952,875 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of TiVo Corporation by 1.7% in the second quarter. Vanguard Group Inc. now owns 11,128,544 shares of the technology company’s stock worth $207,547,000 after purchasing an additional 182,567 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of TiVo Corporation by 7.1% in the second quarter. Ameriprise Financial Inc. now owns 8,950,144 shares of the technology company’s stock worth $166,918,000 after purchasing an additional 590,818 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of TiVo Corporation by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 7,569,853 shares of the technology company’s stock worth $141,935,000 after purchasing an additional 384,440 shares in the last quarter. Finally, FMR LLC grew its stake in shares of TiVo Corporation by 4.3% in the first quarter. FMR LLC now owns 5,624,155 shares of the technology company’s stock worth $105,453,000 after purchasing an additional 233,670 shares in the last quarter. 89.00% of the stock is owned by institutional investors.
TiVo Corporation 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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