TiVo (TIVO) Price Target Lowered to $24.00 at B. Riley

TiVo (NASDAQ:TIVO) had its price target dropped by equities research analysts at B. Riley from $31.00 to $24.00 in a research report issued on Monday. The brokerage presently has a “buy” rating on the technology company’s stock. B. Riley’s price target would indicate a potential upside of 35.59% from the company’s current price.

TIVO has been the subject of a number of other research reports. Cowen reissued a “buy” rating and issued a $30.00 target price on shares of TiVo in a research report on Friday, September 8th. ValuEngine raised shares of TiVo from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Piper Jaffray Companies reissued a “buy” rating and issued a $25.00 target price on shares of TiVo in a research report on Friday, November 3rd. Finally, Jefferies Group reissued a “buy” rating and issued a $18.00 target price on shares of TiVo in a research report on Thursday, September 21st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. TiVo presently has a consensus rating of “Buy” and an average target price of $24.25.

Shares of TiVo (NASDAQ TIVO) opened at $17.70 on Monday. The stock has a market cap of $2,160.36, a PE ratio of 23.92, a PEG ratio of 1.42 and a beta of 0.11. TiVo has a 52-week low of $15.15 and a 52-week high of $21.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.38 and a quick ratio of 2.33.

TiVo (NASDAQ:TIVO) last announced its earnings results on Thursday, November 2nd. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.07). The business had revenue of $197.90 million during the quarter, compared to the consensus estimate of $190.83 million. TiVo had a negative net margin of 5.39% and a positive return on equity of 4.72%. The company’s revenue was up 29.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 EPS. sell-side analysts forecast that TiVo will post 1.25 EPS for the current year.

In other news, EVP Pamela A. Sergeeff sold 3,147 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $20.00, for a total value of $62,940.00. Following the completion of the transaction, the executive vice president now owns 89,976 shares of the company’s stock, valued at $1,799,520. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dustin Finer sold 11,881 shares of the stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $20.00, for a total transaction of $237,620.00. Following the completion of the transaction, the insider now directly owns 41,524 shares of the company’s stock, valued at approximately $830,480. The disclosure for this sale can be found here. Corporate insiders own 3.57% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Denver Investment Advisors LLC increased its stake in shares of TiVo by 275.5% in the second quarter. Denver Investment Advisors LLC now owns 1,724,867 shares of the technology company’s stock valued at $32,168,000 after buying an additional 1,265,563 shares during the period. Teachers Advisors LLC increased its stake in shares of 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 buying an additional 869,972 shares during the period. Ameriprise Financial Inc. increased its stake in shares of TiVo by 7.1% in the second quarter. Ameriprise Financial Inc. now owns 8,950,144 shares of the technology company’s stock valued at $166,918,000 after buying an additional 590,818 shares during the period. Neuberger Berman Group LLC increased its stake in shares of TiVo by 9.7% in the third quarter. Neuberger Berman Group LLC now owns 2,627,610 shares of the technology company’s stock valued at $52,158,000 after buying an additional 232,034 shares during the period. Finally, TIAA CREF Investment Management LLC increased its stake in shares of TiVo by 68.3% in the second quarter. TIAA CREF Investment Management LLC now owns 553,601 shares of the technology company’s stock valued at $10,325,000 after buying an additional 224,729 shares during the period. 90.30% of the stock is owned by hedge funds and other institutional investors.

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TiVo 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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