TiVo Inc. (TIVO) Sees Unusually-High Trading Volume
Shares of TiVo Inc. (NASDAQ:TIVO) saw an uptick in trading volume on Friday . 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 brokerages recently weighed in on TIVO. B. Riley reissued a “buy” rating and issued a $13.25 price objective on shares of TiVo in a report on Monday, June 6th. Jefferies Group reissued a “buy” rating on shares of TiVo in a report on Tuesday, May 31st. FBR & Co reaffirmed a “market perform” rating and set a $10.70 target price on shares of TiVo in a report on Wednesday, June 1st. MKM Partners lowered TiVo from a “buy” rating to a “neutral” rating and lowered their target price for the company from $12.00 to $10.70 in a report on Wednesday, June 1st. Finally, Zacks Investment Research lowered TiVo from a “buy” rating to a “hold” rating in a report on Thursday, June 2nd. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $12.83.
The stock has a market capitalization of $1.10 billion and a PE ratio of 61.56. The firm has a 50 day moving average price of $10.63 and a 200-day moving average price of $9.62.
In related news, Director Thomas S. Rogers sold 319,600 shares of the stock in a transaction dated 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William Cella sold 6,850 shares of the stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $10.29, for a total transaction of $70,486.50. Following the completion of the sale, the director now owns 105,301 shares of the company’s stock, valued at approximately $1,083,547.29. The disclosure for this sale can be found here.
An institutional investor recently raised its position in TiVo stock. I.G. Investment Management LTD. increased its stake in shares of TiVo Inc. (NASDAQ:TIVO) by 25.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund 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 0.42% of TiVo worth $3,563,000 at the end of the most recent reporting 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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