TiVo (NASDAQ:TIVO) had its target price cut by B. Riley from $31.00 to $24.00 in a research note issued to investors on Monday morning. They currently have a buy rating on the technology company’s stock. B. Riley also issued estimates for TiVo’s Q3 2018 earnings at $0.23 EPS.

Several other analysts also recently weighed in on TIVO. ValuEngine downgraded TiVo from a buy rating to a hold rating in a report on Friday, September 1st. Cowen restated a buy rating and issued a $30.00 price objective on shares of TiVo in a report on Friday, September 8th. Jefferies Group restated a buy rating and issued a $18.00 price objective on shares of TiVo in a report on Thursday, September 21st. Finally, Piper Jaffray Companies restated a buy rating and issued a $25.00 price objective on shares of TiVo in a report on Friday, November 3rd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $24.25.

Shares of TiVo (NASDAQ TIVO) traded down $1.20 on Monday, hitting $16.50. 1,222,300 shares of the stock were exchanged, compared to its average volume of 709,760. The stock has a market capitalization of $1,980.00, a price-to-earnings ratio of 23.92, a P/E/G ratio of 1.42 and a beta of 0.11. TiVo has a 1 year low of $15.15 and a 1 year 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 issued 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 company had revenue of $197.90 million for the quarter, compared to analysts’ expectations of $190.83 million. TiVo had a negative net margin of 5.39% and a positive return on equity of 4.72%. The firm’s revenue for the quarter was up 29.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 earnings per share. equities analysts forecast that TiVo will post 1.25 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be issued a $0.18 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $0.72 annualized dividend and a dividend yield of 4.36%. TiVo’s payout ratio is currently -184.62%.

In other TiVo news, insider Dustin Finer sold 11,881 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were 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 directly owns 41,524 shares in the company, valued at $830,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Pamela A. Sergeeff sold 3,147 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $20.00, for a total transaction 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 disclosure for this sale can be found here. Insiders own 3.57% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA raised its holdings in TiVo by 33.5% in the second quarter. BNP Paribas Arbitrage SA now owns 40,308 shares of the technology company’s stock worth $752,000 after purchasing an additional 10,105 shares in the last quarter. Legal & General Group Plc raised its holdings in TiVo by 8.7% in the second quarter. Legal & General Group Plc now owns 232,100 shares of the technology company’s stock worth $4,325,000 after purchasing an additional 18,589 shares in the last quarter. TSP Capital Management Group LLC raised its holdings in TiVo by 3.6% in the second quarter. TSP Capital Management Group LLC now owns 145,800 shares of the technology company’s stock worth $2,719,000 after purchasing an additional 5,000 shares in the last quarter. State Street Corp increased its holdings in shares of TiVo by 5.1% during the second quarter. State Street Corp now owns 3,138,996 shares of the technology company’s stock valued at $58,540,000 after acquiring an additional 151,139 shares in the last quarter. Finally, Nomura Holdings Inc. increased its holdings in shares of TiVo by 13.8% during the second quarter. Nomura Holdings Inc. now owns 436,186 shares of the technology company’s stock valued at $8,139,000 after acquiring an additional 52,776 shares in the last quarter. 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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