TiVo Corp (NASDAQ:TIVO) shares saw strong trading volume on Friday . 7,360,847 shares were traded during mid-day trading, an increase of 828% from the previous session’s volume of 792,887 shares.The stock last traded at $15.60 and had previously closed at $14.00.

A number of equities analysts have commented on the stock. Jefferies Group reaffirmed a “buy” rating and issued a $18.00 price objective on shares of TiVo in a report on Thursday, September 21st. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $25.00 price objective on shares of TiVo in a report on Friday, November 3rd. B. Riley decreased their price objective on shares of TiVo from $31.00 to $24.00 and set a “buy” rating for the company in a report on Monday, December 4th. ValuEngine raised shares of TiVo from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Cowen reaffirmed a “buy” rating and issued a $30.00 price objective on shares of TiVo in a report on Friday, September 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. TiVo currently has a consensus rating of “Buy” and a consensus price target of $22.75.

The company has a current ratio of 2.38, a quick ratio of 2.33 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $1,708.76, a P/E ratio of -40.00, a PEG ratio of 1.12 and a beta of 0.11.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date was Tuesday, December 5th. TiVo’s payout ratio is -184.62%.

In related news, CEO Enrique Rodriguez bought 55,974 shares of the business’s stock in a transaction on Friday, December 1st. The shares were bought at an average cost of $17.86 per share, for a total transaction of $999,695.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.57% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Amalgamated Bank raised its stake in shares of TiVo by 0.5% during the second quarter. Amalgamated Bank now owns 15,847 shares of the technology company’s stock valued at $296,000 after purchasing an additional 85 shares in the last quarter. Cipher Capital LP raised its stake in shares of TiVo by 0.3% during the second quarter. Cipher Capital LP now owns 26,769 shares of the technology company’s stock valued at $499,000 after purchasing an additional 89 shares in the last quarter. People s United Financial Inc. raised its stake in shares of TiVo by 0.4% during the second quarter. People s United Financial Inc. now owns 71,188 shares of the technology company’s stock valued at $1,328,000 after purchasing an additional 276 shares in the last quarter. Shelton Capital Management raised its stake in shares of TiVo by 7.4% during the second quarter. Shelton Capital Management now owns 12,011 shares of the technology company’s stock valued at $224,000 after purchasing an additional 824 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of TiVo by 8.3% during the second quarter. Public Employees Retirement System of Ohio now owns 11,207 shares of the technology company’s stock valued at $209,000 after purchasing an additional 856 shares in the last quarter. Institutional investors own 90.25% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “TiVo (TIVO) Sees Strong Trading Volume” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright law. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/12/31/tivo-tivo-sees-strong-trading-volume.html.

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.

Receive News & Stock Ratings for TiVo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TiVo and related stocks with our FREE daily email newsletter.