TiVo Inc. (TIVO) Reaches New 1-Year High at $10.95
Shares of TiVo Inc. (NASDAQ:TIVO) reached a new 52-week high on Tuesday . The stock traded as high as $10.95 and last traded at $10.90, with a volume of 672,239 shares changing hands. The stock had previously closed at $10.81.
Several research firms recently weighed in on TIVO. B. Riley restated a “buy” rating and set a $13.25 price target (down previously from $15.00) on shares of TiVo in a report on Wednesday, June 1st. Lake Street Capital lowered TiVo from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. FBR & Co restated a “hold” rating on shares of TiVo in a report on Monday, May 2nd. Albert Fried & Company lowered TiVo from an “overweight” rating to a “market perform” rating in a report on Monday, May 2nd. Finally, 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. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.83.
The company has a market capitalization of $1.08 billion and a PE ratio of 60.73. The firm has a 50 day moving average price of $10.51 and a 200 day moving average price of $9.48.
TiVo (NASDAQ:TIVO) last issued its earnings results on Tuesday, May 31st. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.04. The company earned $99.70 million during the quarter, compared to analyst estimates of $99.56 million. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.08 earnings per share. On average, equities analysts anticipate that TiVo Inc. will post $0.43 earnings per share for the current fiscal year.
In related news, 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 value of $70,486.50. Following the transaction, the director now directly owns 105,301 shares of the company’s stock, valued at approximately $1,083,547.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas S. Rogers sold 319,600 shares of the stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $10.17, for a total value of $3,250,332.00. Following the completion of the transaction, the director now directly owns 2,960,299 shares in the company, valued at $30,106,240.83. The disclosure for this sale can be found here.
Several hedge funds and institutional investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of 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 period. I.G. Investment Management LTD. raised its position in shares of 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 period. Finally, Stephens Investment Management Group LLC raised its position in shares of 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 period.
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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