TiVo Inc. (NASDAQ:TIVO) shares saw unusually-strong trading volume on Monday . Approximately 2,171,368 shares traded hands during trading, an increase of 110% from the previous session’s volume of 1,036,056 shares.The stock last traded at $10.77 and had previously closed at $10.65.

A number of equities research analysts recently commented on TIVO shares. Zacks Investment Research upgraded shares of TiVo from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Monday, April 25th. Jefferies Group restated a “buy” rating and set a $18.00 price objective on shares of TiVo in a report on Friday, April 29th. Topeka Capital Markets lowered shares of TiVo from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $16.00 to $11.00 in a report on Monday, May 2nd. Albert Fried & Company lowered shares of TiVo from an “overweight” rating to a “market perform” rating in a report on Monday, May 2nd. Finally, Lake Street Capital lowered shares of TiVo from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the stock. TiVo presently has a consensus rating of “Hold” and an average target price of $12.83.

The company has a 50 day moving average of $10.46 and a 200 day moving average of $9.44. The company has a market capitalization of $1.08 billion and a price-to-earnings ratio of 60.39.

TiVo (NASDAQ:TIVO) last issued its earnings results on Tuesday, May 31st. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.04. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company had revenue of $99.70 million for the quarter, compared to analyst estimates of $99.56 million. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, analysts forecast that TiVo Inc. will post $0.43 earnings per share for the current fiscal year.

In related news, Director Thomas S. Rogers sold 319,600 shares of the stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $10.17, for a total transaction of $3,250,332.00. Following the transaction, the director now directly owns 2,960,299 shares of the company’s stock, valued at $30,106,240.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William Cella sold 6,850 shares of the stock in a transaction on Monday, July 11th. The stock was sold at an average price of $10.29, for a total transaction of $70,486.50. Following the transaction, the director now directly owns 105,301 shares in the company, valued at $1,083,547.29. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently modified their holdings of the company. Schwab Charles Investment Management Inc. raised its position in shares of TiVo by 3.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 321,839 shares of the company’s stock valued at $2,778,000 after buying an additional 9,915 shares in the last quarter. Stephens Investment Management Group LLC increased its position in TiVo by 10.4% in the fourth quarter. Stephens Investment Management Group LLC now owns 1,132,910 shares of the company’s stock valued at $9,777,000 after buying an additional 106,450 shares during the last quarter. I.G. Investment Management LTD. increased its position in TiVo by 25.6% in the fourth quarter. I.G. Investment Management LTD. now owns 412,897 shares of the company’s stock valued at $3,563,000 after buying an additional 84,070 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in TiVo by 67.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 284,700 shares of the company’s stock valued at $2,457,000 after buying an additional 114,600 shares during 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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