TiVo Corp (NASDAQ:TIVO) shares gapped up before the market opened on Friday . The stock had previously closed at $8.33, but opened at $8.24. TiVo shares last traded at $7.90, with a volume of 62,223 shares traded.
TIVO has been the subject of a number of recent research reports. Zacks Investment Research raised shares of TiVo from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a research report on Wednesday, May 15th. B. Riley set a $18.00 price target on shares of TiVo and gave the stock a “buy” rating in a research report on Friday, July 12th. TheStreet lowered shares of TiVo from a “c-” rating to a “d+” rating in a research report on Wednesday, May 22nd. Finally, BidaskClub lowered shares of TiVo from a “sell” rating to a “strong sell” rating in a research report on Tuesday, May 14th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $14.75.
The business has a fifty day simple moving average of $7.25. The stock has a market capitalization of $1.04 billion, a PE ratio of 15.90 and a beta of 0.20. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.06 and a quick ratio of 0.95.
TiVo (NASDAQ:TIVO) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. The company had revenue of $176.17 million during the quarter, compared to analysts’ expectations of $162.48 million. TiVo had a negative net margin of 52.02% and a positive return on equity of 3.17%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.26 earnings per share. Equities analysts forecast that TiVo Corp will post 0.45 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the company. Resources Investment Advisors Inc. raised its holdings in TiVo by 168.5% in the 1st quarter. Resources Investment Advisors Inc. now owns 3,287 shares of the technology company’s stock worth $31,000 after purchasing an additional 2,063 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of TiVo in the fourth quarter valued at approximately $117,000. Bbva Compass Bancshares Inc. raised its stake in shares of TiVo by 30.4% during the 1st quarter. Bbva Compass Bancshares Inc. now owns 13,378 shares of the technology company’s stock worth $124,000 after buying an additional 3,121 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of TiVo during the 1st quarter worth approximately $156,000. Finally, Everence Capital Management Inc. purchased a new position in shares of TiVo during the 1st quarter valued at approximately $160,000. Hedge funds and other institutional investors own 93.65% 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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