TiVo Inc. (TIVO) Sees Unusually-High Trading Volume
TiVo Inc. (NASDAQ:TIVO) saw unusually-strong trading volume on Friday . Approximately 2,635,790 shares changed hands during mid-day trading, an increase of 47% from the previous session’s volume of 1,798,928 shares.The stock last traded at $10.87 and had previously closed at $10.69.
Several analysts have commented on TIVO shares. Jefferies Group restated a “buy” rating on shares of TiVo in a report on Thursday, May 12th. B. Riley restated a “buy” rating and issued a $13.25 price target (down previously from $15.00) on shares of TiVo in a report on Wednesday, June 1st. MKM Partners cut TiVo from a “buy” rating to a “neutral” rating and lowered their price target for the company from $12.00 to $10.70 in a report on Wednesday, June 1st. FBR & Co restated a “market perform” rating and issued a $10.70 price target on shares of TiVo in a report on Wednesday, June 1st. Finally, Zacks Investment Research cut TiVo from a “buy” rating to a “hold” rating in a report on Thursday, June 2nd. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. TiVo presently has a consensus rating of “Hold” and a consensus price target of $12.83.
The stock’s 50-day moving average price is $10.63 and its 200 day moving average price is $9.62. The firm has a market cap of $1.10 billion and a P/E ratio of 61.56.
In other TiVo news, Director Thomas S. Rogers sold 319,600 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 2,960,299 shares of the company’s stock, valued at approximately $30,106,240.83. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William Cella sold 6,850 shares of the company’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $10.29, for a total value of $70,486.50. Following the completion of 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 hedge fund recently raised its stake in TiVo stock. I.G. Investment Management LTD. boosted its stake in TiVo Inc. (NASDAQ:TIVO) by 25.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 412,897 shares of the company’s stock after buying an additional 84,070 shares during the period. I.G. Investment Management LTD. owned approximately 0.42% of TiVo worth $3,563,000 at the end of the most recent 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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