TiVo (TIVO) Trading 7.5% Higher

TiVo Corp (NASDAQ:TIVO) traded up 7.5% on Thursday . The company traded as high as $11.85 and last traded at $11.82. 1,633,853 shares were traded during mid-day trading, an increase of 60% from the average session volume of 1,021,461 shares. The stock had previously closed at $11.00.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded TiVo from a “sell” rating to a “hold” rating in a research note on Thursday, July 12th. B. Riley increased their price target on TiVo from $19.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, August 27th. BidaskClub upgraded TiVo from a “sell” rating to a “hold” rating in a research note on Friday, August 24th. JPMorgan Chase & Co. dropped their price target on TiVo from $30.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, August 9th. Finally, ValuEngine upgraded TiVo from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 15th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $22.75.

The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 3.47. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 26.02 and a beta of -0.19.

TiVo (NASDAQ:TIVO) last posted its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. The firm had revenue of $172.86 million for the quarter, compared to analysts’ expectations of $178.36 million. TiVo had a positive return on equity of 3.06% and a negative net margin of 4.75%. As a group, equities analysts expect that TiVo Corp will post 0.66 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the business. HL Financial Services LLC increased its position in TiVo by 6.0% during the 3rd quarter. HL Financial Services LLC now owns 106,394 shares of the technology company’s stock worth $1,325,000 after buying an additional 5,986 shares during the period. Wells Fargo & Company MN increased its position in TiVo by 3.5% during the 3rd quarter. Wells Fargo & Company MN now owns 561,095 shares of the technology company’s stock worth $6,986,000 after buying an additional 19,194 shares during the period. Engineers Gate Manager LP increased its position in TiVo by 13.2% during the 3rd quarter. Engineers Gate Manager LP now owns 95,988 shares of the technology company’s stock worth $1,195,000 after buying an additional 11,177 shares during the period. Robeco Institutional Asset Management B.V. bought a new position in TiVo during the 3rd quarter worth $453,000. Finally, Smith Graham & Co. Investment Advisors LP increased its position in TiVo by 3.7% during the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 1,218,997 shares of the technology company’s stock worth $15,177,000 after buying an additional 43,910 shares during the period. Hedge funds and other institutional investors own 91.90% of the company’s stock.

About TiVo (NASDAQ:TIVO)

TiVo Corporation provides media and entertainment products for the consumer entertainment industry worldwide. The company operates in two segments, Product and Intellectual Property Licensing. The Product segment offers platform solutions, such as TiVo Service Platform, a cloud-based service that powers the TiVo Service client software, which operates on set-top boxes in consumer homes, as well as applications that operate on third party software platforms, such as iOS and Android; user experience solutions that allow service providers to customize elements of the interactive program guides for their customers, as well as to upgrade their programming features and services under the G-GUIDE brand; and CubiTV and TiVo Lite middleware solutions for pay TV service providers comprising cable, satellite, terrestrial, and telecommunications operators.

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