Enrique Rodriguez Purchases 55,974 Shares of TiVo Corp (TIVO) Stock

TiVo Corp (NASDAQ:TIVO) CEO Enrique Rodriguez purchased 55,974 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was bought at an average price of $17.86 per share, for a total transaction of $999,695.64. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of TiVo Corp (NASDAQ:TIVO) opened at $16.20 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.33 and a current ratio of 2.38. TiVo Corp has a 52 week low of $15.15 and a 52 week high of $21.90. The company has a market capitalization of $2,013.89, a price-to-earnings ratio of 22.30, a price-to-earnings-growth ratio of 1.32 and a beta of 0.11.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, December 5th. This represents a $0.72 annualized dividend and a yield of 4.44%. TiVo’s dividend payout ratio is -184.62%.

Several analysts recently weighed in on the company. B. Riley cut their price target on TiVo from $31.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday. ValuEngine downgraded TiVo from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Jefferies Group restated a “buy” rating and issued a $18.00 price target on shares of TiVo in a research note on Thursday, September 21st. Cowen restated a “buy” rating and issued a $30.00 price target on shares of TiVo in a research note on Friday, September 8th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $25.00 target price on shares of TiVo in a research note on Friday, November 3rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $24.25.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Teachers Advisors LLC lifted its holdings in shares of TiVo by 3.6% during the 1st quarter. Teachers Advisors LLC now owns 206,123 shares of the technology company’s stock valued at $3,865,000 after buying an additional 7,091 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of TiVo by 23.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 10,351 shares of the technology company’s stock valued at $194,000 after buying an additional 1,946 shares during the period. Bank of Montreal Can lifted its holdings in shares of TiVo by 90.4% during the 2nd quarter. Bank of Montreal Can now owns 12,010 shares of the technology company’s stock valued at $224,000 after buying an additional 5,703 shares during the period. Creative Planning lifted its holdings in shares of TiVo by 83.8% during the 2nd quarter. Creative Planning now owns 7,137 shares of the technology company’s stock valued at $133,000 after buying an additional 3,253 shares during the period. Finally, Aperio Group LLC lifted its holdings in shares of TiVo by 2.1% during the 2nd quarter. Aperio Group LLC now owns 25,054 shares of the technology company’s stock valued at $467,000 after buying an additional 521 shares during the period. Institutional investors and hedge funds own 90.30% of the company’s stock.

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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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