Jefferies Group LLC Reaffirms “Buy” Rating for TiVo Corporation (TIVO)
Jefferies Group LLC reaffirmed their buy rating on shares of TiVo Corporation (NASDAQ:TIVO) in a research note issued to investors on Thursday morning. Jefferies Group LLC currently has a $18.00 target price on the technology company’s stock.
Other equities research analysts have also issued research reports about the stock. B. Riley reaffirmed a buy rating and set a $31.00 price target on shares of TiVo Corporation in a research report on Sunday, August 6th. ValuEngine lowered shares of TiVo Corporation from a strong-buy rating to a buy rating in a report on Friday, June 2nd. Cowen and Company reissued an outperform rating and issued a $30.00 target price on shares of TiVo Corporation in a report on Wednesday, June 28th. Zacks Investment Research lowered shares of TiVo Corporation from a strong-buy rating to a hold rating in a report on Tuesday, July 4th. Finally, Piper Jaffray Companies reissued a buy rating and issued a $25.00 target price on shares of TiVo Corporation in a report on Tuesday, May 30th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $26.17.
TiVo Corporation (TIVO) opened at 19.15 on Thursday. TiVo Corporation has a 1-year low of $15.15 and a 1-year high of $22.05. The stock has a market cap of $2.31 billion, a P/E ratio of 105.80 and a beta of 0.14. The stock has a 50 day moving average of $18.43 and a 200 day moving average of $18.39.
TiVo Corporation (NASDAQ:TIVO) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.20. TiVo Corporation had a net margin of 2.47% and a return on equity of 10.59%. The firm had revenue of $208.60 million during the quarter, compared to analyst estimates of $192.72 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The business’s revenue for the quarter was up 66.6% compared to the same quarter last year. Equities analysts anticipate that TiVo Corporation will post $0.43 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which was paid on Thursday, September 21st. Investors of record on Thursday, September 7th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend was Wednesday, September 6th. TiVo Corporation’s dividend payout ratio is 240.00%.
In other TiVo Corporation news, insider Dustin Finer sold 2,369 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $18.15, for a total transaction of $42,997.35. Following the completion of the sale, the insider now directly owns 53,405 shares of the company’s stock, valued at approximately $969,300.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.57% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in TIVO. Bank of Montreal Can grew its holdings in TiVo Corporation by 156.6% during the 1st quarter. Bank of Montreal Can now owns 6,307 shares of the technology company’s stock valued at $118,000 after buying an additional 3,849 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in TiVo Corporation by 25.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,074 shares of the technology company’s stock valued at $132,000 after buying an additional 1,433 shares in the last quarter. Creative Planning grew its holdings in TiVo Corporation 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 in the last quarter. Public Employees Retirement System of Ohio grew its holdings in TiVo Corporation 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 in the last quarter. Finally, Bbva Compass Bancshares Inc. grew its holdings in TiVo Corporation by 1.1% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 10,594 shares of the technology company’s stock valued at $198,000 after buying an additional 120 shares in the last quarter. 89.00% of the stock is 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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