TiVo Corporation (TIVO) Given Buy Rating at B. Riley

B. Riley reaffirmed their buy rating on shares of TiVo Corporation (NASDAQ:TIVO) in a research report sent to investors on Monday morning. The firm currently has a $31.00 target price on the technology company’s stock.

A number of other research firms also recently weighed in on TIVO. ValuEngine upgraded TiVo Corporation from a hold rating to a buy rating in a report on Monday, October 2nd. Jefferies Group LLC reiterated a buy rating and set a $18.00 target price on shares of TiVo Corporation in a report on Thursday, September 21st. Cowen and Company reiterated a buy rating and set a $30.00 target price on shares of TiVo Corporation in a report on Thursday, August 3rd. Finally, Zacks Investment Research downgraded TiVo Corporation from a strong-buy rating to a hold rating in a report on Tuesday, July 4th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $27.60.

TiVo Corporation (TIVO) traded down $0.72 during mid-day trading on Monday, hitting $17.30. The company’s stock had a trading volume of 807,799 shares, compared to its average volume of 609,940. The stock has a market cap of $2,190.87, a PE ratio of 24.26 and a beta of 0.10.

TiVo Corporation (NASDAQ:TIVO) last posted its earnings results on Thursday, November 2nd. The technology company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). TiVo Corporation had a positive return on equity of 4.69% and a negative net margin of 5.39%. The firm had revenue of $197.90 million for the quarter, compared to analysts’ expectations of $190.83 million. During the same quarter last year, the company posted $0.59 EPS. The firm’s revenue was up 29.3% on a year-over-year basis. equities research analysts anticipate that TiVo Corporation will post -0.33 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be given a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.72 annualized dividend and a yield of 4.16%. TiVo Corporation’s dividend payout ratio (DPR) is presently -184.62%.

In related news, EVP Pamela A. Sergeeff sold 3,147 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $20.00, for a total value of $62,940.00. Following the transaction, the executive vice president now directly owns 89,976 shares of the company’s stock, valued at approximately $1,799,520. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dustin Finer sold 11,881 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $20.00, for a total value of $237,620.00. Following the completion of the transaction, the insider now directly owns 41,524 shares in the company, valued at $830,480. The disclosure for this sale can be found here. Insiders sold a total of 17,397 shares of company stock worth $343,557 over the last ninety days. 3.57% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in TIVO. UBS Asset Management Americas Inc. lifted its position in TiVo Corporation by 37.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 69,704 shares of the technology company’s stock valued at $1,307,000 after acquiring an additional 19,061 shares in the last quarter. OppenheimerFunds Inc. lifted its position in TiVo Corporation by 71.5% in the 1st quarter. OppenheimerFunds Inc. now owns 28,214 shares of the technology company’s stock valued at $529,000 after acquiring an additional 11,760 shares in the last quarter. Teachers Advisors LLC lifted its position in TiVo Corporation by 3.6% in the 1st quarter. Teachers Advisors LLC now owns 206,123 shares of the technology company’s stock valued at $3,865,000 after acquiring an additional 7,091 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in TiVo Corporation by 25.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,074 shares of the technology company’s stock valued at $132,000 after acquiring an additional 1,433 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in TiVo Corporation by 9.1% in the 1st quarter. Vanguard Group Inc. now owns 10,945,977 shares of the technology company’s stock valued at $205,238,000 after acquiring an additional 910,594 shares in the last quarter. 89.13% of the stock is currently owned by institutional investors and hedge funds.

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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