TiVo (NASDAQ:TIVO) Upgraded at BidaskClub

BidaskClub upgraded shares of TiVo (NASDAQ:TIVO) from a sell rating to a hold rating in a report released on Friday morning, BidAskClub reports.

A number of other equities research analysts have also commented on TIVO. B. Riley set a $19.00 price objective on TiVo and gave the stock a buy rating in a research report on Friday, August 23rd. TheStreet lowered TiVo from a c- rating to a d+ rating in a research report on Wednesday, May 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $13.63.

Shares of NASDAQ TIVO opened at $8.39 on Friday. TiVo has a one year low of $6.61 and a one year high of $14.07. The firm has a market capitalization of $1.05 billion, a PE ratio of 16.78 and a beta of 0.20. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $7.70 and a two-hundred day moving average price of $8.06.

TiVo (NASDAQ:TIVO) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.07. TiVo had a positive return on equity of 3.17% and a negative net margin of 52.02%. The firm had revenue of $176.17 million during the quarter, compared to analyst estimates of $162.48 million. During the same period last year, the company posted $0.26 EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. Research analysts anticipate that TiVo will post 0.53 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, September 4th. This represents a $0.32 dividend on an annualized basis and a yield of 3.81%. TiVo’s payout ratio is presently 64.00%.

A number of hedge funds and other institutional investors have recently made changes to their positions in TIVO. JPMorgan Chase & Co. boosted its position in TiVo by 442.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,157,221 shares of the technology company’s stock worth $37,028,000 after acquiring an additional 4,206,268 shares during the period. Renaissance Technologies LLC raised its stake in shares of TiVo by 1,223.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,528,535 shares of the technology company’s stock worth $11,265,000 after purchasing an additional 1,413,035 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of TiVo by 430.9% during the 2nd quarter. Prudential Financial Inc. now owns 1,072,676 shares of the technology company’s stock worth $7,906,000 after purchasing an additional 870,635 shares in the last quarter. Clearline Capital LP raised its stake in shares of TiVo by 161.4% during the 2nd quarter. Clearline Capital LP now owns 1,265,789 shares of the technology company’s stock worth $9,329,000 after purchasing an additional 781,560 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of TiVo by 413.9% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 551,782 shares of the technology company’s stock worth $4,067,000 after purchasing an additional 444,410 shares in the last quarter. Hedge funds and other institutional investors own 90.13% of the company’s stock.

About 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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