TiVo Inc. (TIVO) Hits New 12-Month High at $10.43
TiVo Inc. (NASDAQ:TIVO) hit a new 52-week high on Monday . The company traded as high as $10.43 and last traded at $10.40, with a volume of 197,758 shares changing hands. The stock had previously closed at $10.38.
TIVO has been the subject of a number of research analyst reports. Albert Fried & Company reaffirmed a “hold” rating and set a $11.00 target price on shares of TiVo in a research report on Tuesday, May 3rd. Macquarie reiterated an “outperform” rating and issued a $14.00 price target on shares of TiVo in a report on Monday, March 28th. Jefferies Group reiterated a “buy” rating on shares of TiVo in a report on Thursday, May 12th. Zacks Investment Research upgraded TiVo from a “hold” rating to a “strong-buy” rating and set a $11.00 price target on the stock in a report on Tuesday, May 3rd. Finally, Topeka Capital Markets downgraded TiVo from a “buy” rating to a “hold” rating and cut their price target for the company from $16.00 to $11.00 in a report on Monday, May 2nd. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $12.83.
The firm’s 50 day moving average is $10.02 and its 200-day moving average is $8.99. The stock has a market cap of $1.03 billion and a price-to-earnings ratio of 57.93.
TiVo (NASDAQ:TIVO) last announced its quarterly earnings data on Tuesday, May 31st. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.04. The firm earned $99.70 million during the quarter, compared to analyst estimates of $99.56 million. During the same quarter in the prior year, the firm posted $0.08 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Analysts forecast that TiVo Inc. will post $0.44 earnings per share for the current year.
In other TiVo news, Director William Cella sold 6,850 shares of the firm’s stock in a transaction on Monday, July 11th. The stock was sold at an average price of $10.29, for a total value of $70,486.50. Following the sale, the director now directly owns 105,301 shares in the company, valued at $1,083,547.29. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Thomas S. Rogers sold 319,600 shares of the firm’s stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $10.17, for a total value of $3,250,332.00. Following the completion of the sale, the director now owns 2,960,299 shares in the company, valued at $30,106,240.83. The disclosure for this sale can be found here.
A number of hedge funds have bought and sold shares of TIVO. State Board of Administration of Florida Retirement System boosted its stake in TiVo by 1.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 119,755 shares of the company’s stock worth $1,033,000 after buying an additional 1,459 shares in the last quarter. Engineers Gate Manager LP boosted its stake in TiVo by 22.0% in the fourth quarter. Engineers Gate Manager LP now owns 121,843 shares of the company’s stock worth $1,052,000 after buying an additional 21,989 shares in the last quarter. Sei Investments Co. boosted its stake in TiVo by 44.2% in the fourth quarter. Sei Investments Co. now owns 236,461 shares of the company’s stock worth $2,041,000 after buying an additional 72,434 shares in the last quarter. Royce & Associates LLC boosted its stake in TiVo by 51.3% in the fourth quarter. Royce & Associates LLC now owns 431,400 shares of the company’s stock worth $3,723,000 after buying an additional 146,300 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its stake in TiVo by 130.6% in the fourth quarter. Nationwide Fund Advisors now owns 145,506 shares of the company’s stock worth $1,256,000 after buying an additional 82,405 shares in the last quarter.
TiVo Inc (TiVo) is a provider of video technology software services and cloud-based software-as-a-service solutions. The Company’s software and cloud-based services provide an all-in-one approach for navigating content chaos by combining live, recorded, Video on demand (VOD) and over-the-top content into an intuitive user interface with search, discovery, viewing and recording, creating a unified viewing experience.
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