TiVo Corporation (NASDAQ:TIVO) has been assigned an average rating of “Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $26.17.

A number of brokerages recently commented on TIVO. Cowen and Company reiterated an “outperform” rating and issued a $30.00 target price on shares of TiVo Corporation in a research report on Thursday, May 4th. B. Riley reiterated a “buy” rating and issued a $31.00 target price on shares of TiVo Corporation in a research report on Thursday, May 4th. Zacks Investment Research upgraded shares of TiVo Corporation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 18th. Piper Jaffray Companies decreased their price objective on shares of TiVo Corporation from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday, March 24th. Finally, ValuEngine cut shares of TiVo Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd.

TiVo Corporation (TIVO) traded down 0.26% during mid-day trading on Friday, reaching $19.20. The company had a trading volume of 1,764,708 shares. TiVo Corporation has a 12-month low of $15.10 and a 12-month high of $23.40. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 125.49 and a beta of 0.01. The firm has a 50-day moving average price of $17.67 and a 200 day moving average price of $18.96.

TiVo Corporation (NASDAQ:TIVO) last issued its earnings results on Wednesday, May 3rd. The technology company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. The company had revenue of $205.76 million for the quarter, compared to analysts’ expectations of $188.79 million. TiVo Corporation had a net margin of 2.13% and a return on equity of 10.51%. The firm’s revenue was up 73.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 EPS. Analysts expect that TiVo Corporation will post $0.43 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 20th. Shareholders of record on Tuesday, June 6th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date was Friday, June 2nd. TiVo Corporation’s payout ratio is 313.04%.

Several institutional investors have recently added to or reduced their stakes in TIVO. Tyers Asset Management LLC boosted its position in TiVo Corporation by 2.6% in the first quarter. Tyers Asset Management LLC now owns 5,432 shares of the technology company’s stock worth $102,000 after buying an additional 140 shares during the last quarter. Bank of Montreal Can boosted its position in shares of TiVo Corporation by 156.6% in the first quarter. Bank of Montreal Can now owns 6,307 shares of the technology company’s stock valued at $118,000 after buying an additional 3,849 shares in the last quarter. Flinton Capital Management LLC boosted its position in shares of TiVo Corporation by 2.6% in the first quarter. Flinton Capital Management LLC now owns 6,596 shares of the technology company’s stock valued at $124,000 after buying an additional 170 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of TiVo Corporation by 25.4% in the first quarter. PNC Financial Services Group Inc. now owns 7,074 shares of the technology company’s stock valued at $132,000 after buying an additional 1,433 shares in the last quarter. Finally, James Investment Research Inc. bought a new position in shares of TiVo Corporation during the first quarter valued at about $143,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

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About TiVo Corporation

TiVo Corporation is engaged in offering media and entertainment products. The Company operates through two segments: Intellectual Property Licensing and Product. The Company’s Product segment includes a suite of component technologies that can be integrated into media service provider internally developed platforms or deployed as an integrated TiVo solution.

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