TiVo Corporation (TIVO) Earns Buy Rating from Cowen and Company
Cowen and Company restated their buy rating on shares of TiVo Corporation (NASDAQ:TIVO) in a research note published on Thursday. They currently have a $30.00 price objective on the technology company’s stock.
TIVO has been the topic of several other reports. Zacks Investment Research upgraded shares of TiVo Corporation from a hold rating to a strong-buy rating and set a $19.00 target price on the stock in a report on Tuesday, May 16th. Piper Jaffray Companies reiterated a buy rating and set a $25.00 target price on shares of TiVo Corporation in a report on Tuesday, May 30th. Jefferies Group LLC reiterated a buy rating and set a $18.00 target price on shares of TiVo Corporation in a report on Friday, July 7th. ValuEngine cut shares of TiVo Corporation from a strong-buy rating to a buy rating in a report on Friday, June 2nd. Finally, B. Riley reiterated a buy rating and set a $31.00 target price on shares of TiVo Corporation in a report on Wednesday, June 14th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. TiVo Corporation currently has a consensus rating of Buy and an average target price of $26.17.
TiVo Corporation (TIVO) traded down 0.54% during midday trading on Thursday, reaching $18.50. 710,800 shares of the company traded hands. The stock has a market capitalization of $2.22 billion, a P/E ratio of 120.92 and a beta of 0.16. The company has a 50 day moving average price of $18.84 and a 200-day moving average price of $18.58. TiVo Corporation has a one year low of $15.15 and a one year high of $23.40.
TiVo Corporation (NASDAQ:TIVO) last issued its earnings results on Thursday, August 3rd. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.20. TiVo Corporation had a net margin of 2.47% and a return on equity of 10.55%. The company had revenue of $208.60 million for the quarter, compared to analysts’ expectations of $192.72 million. During the same period in the prior year, the business earned $0.45 EPS. The firm’s quarterly revenue was up 66.6% on a year-over-year basis. Analysts forecast that TiVo Corporation will post $0.43 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, September 7th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend is Wednesday, September 6th. TiVo Corporation’s dividend payout ratio is currently 240.00%.
Several hedge funds have recently added to or reduced their stakes in the stock. Atria Investments LLC boosted its stake in TiVo Corporation by 0.4% in the second quarter. Atria Investments LLC now owns 10,973 shares of the technology company’s stock worth $205,000 after buying an additional 49 shares in the last quarter. Bbva Compass Bancshares Inc. boosted its stake in TiVo Corporation by 1.1% in the second quarter. Bbva Compass Bancshares Inc. now owns 10,594 shares of the technology company’s stock worth $198,000 after buying an additional 120 shares in the last quarter. Tyers Asset Management LLC boosted its stake 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 in the last quarter. Flinton Capital Management LLC boosted its stake in TiVo Corporation by 2.6% in the first quarter. Flinton Capital Management LLC now owns 6,596 shares of the technology company’s stock worth $124,000 after buying an additional 170 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in TiVo Corporation by 0.3% in the second quarter. Arizona State Retirement System now owns 63,200 shares of the technology company’s stock worth $1,179,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.
TiVo Corporation Company Profile
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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