TiVo Now Covered by Analysts at Piper Jaffray (TIVO)
“TiVo continues to ride the strength of its IP portfolio with recent, and likely future, settlements that are nicely padding the balance sheet, funding R&D, and enabling potential acquisitions. Additionally, TiVo is experiencing improving trends in licensing its technology to service providers; currently, the company has deals with 9 of the top 21 domestic TV service providers in the US and multiple int’l operators. The result is that TiVo is expecting to be full year adjusted EBITDA profitable in FY14 (ending Jan-14).,” the firm’s analyst commented.
Shares of TiVo opened at 12.74 on Thursday. TiVo has a one year low of $7.75 and a one year high of $13.49. The stock’s 50-day moving average is currently $12.73. The company’s market cap is $1.600 billion.
Several other analysts have also recently commented on the stock. Analysts at Janney Montgomery Scott raised their price target on shares of TiVo from $15.00 to $16.00 in a research note to investors on Wednesday, February 27th. They now have a buy rating on the stock. Separately, analysts at Jefferies Group reiterated a buy rating on shares of TiVo in a research note to investors on Wednesday, February 27th. They now have a $16.00 price target on the stock, up previously from $15.00. Finally, analysts at Brean Murray reiterated a buy rating on shares of TiVo in a research note to investors on Wednesday, February 27th. They now have a $15.00 price target on the stock.
Fourteen equities research analysts have rated the stock with a buy rating, and two have given a hold rating to the company’s stock. The stock has a consensus rating of buy and an average price target of $15.18.
TiVo Inc. (TiVo) a developer and provider of software and technology that enables the search, navigation, and access of content across sources, including linear television, on-demand television, and broadband video.
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