TiVo (TIVO) Hits New 12-Month Low at $14.13

TiVo Corp (NASDAQ:TIVO) shares reached a new 52-week low on Tuesday . The company traded as low as $14.13 and last traded at $14.25, with a volume of 1668000 shares traded. The stock had previously closed at $14.30.

A number of research analysts have weighed in on TIVO shares. Cowen reissued a “buy” rating and set a $30.00 target price on shares of TiVo in a research report on Friday, September 8th. B. Riley restated a “buy” rating and set a $31.00 price objective on shares of TiVo in a report on Monday, October 30th. ValuEngine upgraded shares of TiVo from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Piper Jaffray Companies restated a “buy” rating and set a $25.00 price objective on shares of TiVo in a report on Friday, November 3rd. Finally, Jefferies Group restated a “buy” rating and set a $18.00 price objective on shares of TiVo in a report on Thursday, September 21st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $22.75.

The company has a quick ratio of 2.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.53. The firm has a market cap of $1,745.37, a price-to-earnings ratio of 19.32, a PEG ratio of 1.14 and a beta of 0.11.

TiVo (NASDAQ:TIVO) last posted its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.07). TiVo had a positive return on equity of 4.72% and a negative net margin of 5.39%. The company had revenue of $197.90 million for the quarter, compared to the consensus estimate of $190.83 million. During the same quarter in the previous year, the firm posted $0.59 EPS. The business’s revenue for the quarter was up 29.3% compared to the same quarter last year. analysts expect that TiVo Corp will post 1.25 earnings per share 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 issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, December 5th. This represents a $0.72 annualized dividend and a dividend yield of 5.05%. TiVo’s payout ratio is -184.62%.

In other TiVo news, CEO Enrique Rodriguez bought 55,974 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were acquired at an average price of $17.86 per share, with a total value of $999,695.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dustin Finer sold 11,881 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $20.00, for a total transaction of $237,620.00. Following the completion of the sale, the insider now directly owns 41,524 shares in the company, valued at approximately $830,480. The disclosure for this sale can be found here. Insiders own 3.57% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of TIVO. Teachers Advisors LLC increased its stake in TiVo by 422.1% in the second quarter. Teachers Advisors LLC now owns 1,076,095 shares of the technology company’s stock valued at $20,069,000 after acquiring an additional 869,972 shares during the period. Ameriprise Financial Inc. grew its stake in TiVo by 7.1% during the second quarter. Ameriprise Financial Inc. now owns 8,950,144 shares of the technology company’s stock worth $166,918,000 after buying an additional 590,818 shares during the last quarter. Neuberger Berman Group LLC grew its stake in TiVo by 9.7% during the third quarter. Neuberger Berman Group LLC now owns 2,627,610 shares of the technology company’s stock worth $52,158,000 after buying an additional 232,034 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in TiVo by 68.3% during the second quarter. TIAA CREF Investment Management LLC now owns 553,601 shares of the technology company’s stock worth $10,325,000 after buying an additional 224,729 shares during the last quarter. Finally, Northern Trust Corp grew its stake in TiVo by 9.5% during the second quarter. Northern Trust Corp now owns 2,258,542 shares of the technology company’s stock worth $42,121,000 after buying an additional 195,644 shares during the last quarter. 90.25% of the stock is currently owned by institutional investors and hedge funds.

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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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