TiVo Corporation (TIVO) Insider Sells $237,620.00 in Stock
TiVo Corporation (NASDAQ:TIVO) insider Dustin Finer sold 11,881 shares of TiVo Corporation stock in a transaction dated Friday, September 29th. The stock was 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 owns 41,524 shares in the company, valued at approximately $830,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Dustin Finer also recently made the following trade(s):
- On Thursday, August 10th, Dustin Finer sold 2,369 shares of TiVo Corporation stock. The stock was sold at an average price of $18.15, for a total value of $42,997.35.
Shares of TiVo Corporation (NASDAQ TIVO) opened at 19.65 on Friday. The company has a market capitalization of $2.37 billion, a PE ratio of 108.56 and a beta of 0.18. The company has a 50 day moving average price of $18.73 and a 200 day moving average price of $18.48. TiVo Corporation has a 1-year low of $15.15 and a 1-year high of $22.05.
TiVo Corporation (NASDAQ:TIVO) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.30 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $208.60 million for the quarter, compared to analyst estimates of $192.72 million. During the same period in the prior year, the company posted $0.45 EPS. The firm’s revenue for the quarter was up 66.6% on a year-over-year basis. Equities analysts predict that TiVo Corporation will post $0.43 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 21st. Investors of record on Thursday, September 7th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Wednesday, September 6th. TiVo Corporation’s dividend payout ratio (DPR) is currently 240.00%.
A number of institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its position in TiVo Corporation by 8.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,207 shares of the technology company’s stock worth $209,000 after purchasing an additional 856 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in TiVo Corporation in the 2nd quarter worth about $489,000. Nomura Holdings Inc. raised its position in TiVo Corporation by 13.8% in the 2nd quarter. Nomura Holdings Inc. now owns 436,186 shares of the technology company’s stock worth $8,139,000 after purchasing an additional 52,776 shares during the period. State Street Corp raised its position in TiVo Corporation by 5.1% in the 2nd quarter. State Street Corp now owns 3,138,996 shares of the technology company’s stock worth $58,540,000 after purchasing an additional 151,139 shares during the period. Finally, Shelton Capital Management raised its position in TiVo Corporation by 7.4% in the 2nd quarter. Shelton Capital Management now owns 12,011 shares of the technology company’s stock worth $224,000 after purchasing an additional 824 shares during the period. 89.00% of the stock is currently owned by institutional investors.
TIVO has been the topic of several analyst reports. B. Riley reiterated a “buy” rating and issued a $31.00 price objective on shares of TiVo Corporation in a report on Sunday, August 6th. Cowen and Company reiterated a “buy” rating and issued a $30.00 price objective on shares of TiVo Corporation in a report on Friday, September 8th. ValuEngine downgraded TiVo Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Jefferies Group LLC reiterated a “buy” rating and issued a $18.00 price objective on shares of TiVo Corporation in a report on Friday, July 7th. Finally, Zacks Investment Research downgraded TiVo Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 4th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $27.60.
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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