Shares of TiVo Corp (NASDAQ:TIVO) have been assigned an average recommendation of “Hold” from the six research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $14.75.

Several equities research analysts have recently issued reports on TIVO shares. TheStreet cut shares of TiVo from a “c-” rating to a “d+” rating in a research report on Wednesday, May 22nd. BidaskClub cut shares of TiVo from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. Zacks Investment Research raised shares of TiVo from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. B. Riley reaffirmed a “buy” rating and set a $18.00 price objective (down from $23.00) on shares of TiVo in a research report on Friday, May 10th. Finally, ValuEngine cut shares of TiVo from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 28th.

A number of large investors have recently made changes to their positions in TIVO. Renaissance Technologies LLC raised its stake in TiVo by 40.0% during the 3rd quarter. Renaissance Technologies LLC now owns 136,135 shares of the technology company’s stock worth $1,695,000 after acquiring an additional 38,900 shares in the last quarter. Morgan Stanley raised its stake in TiVo by 27.4% during the 3rd quarter. Morgan Stanley now owns 1,144,718 shares of the technology company’s stock worth $14,251,000 after acquiring an additional 246,287 shares in the last quarter. Vanguard Group Inc. raised its stake in TiVo by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 12,440,309 shares of the technology company’s stock worth $154,881,000 after acquiring an additional 298,255 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in TiVo by 5.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 38,970 shares of the technology company’s stock worth $367,000 after acquiring an additional 1,900 shares in the last quarter. Finally, AMI Asset Management Corp raised its stake in TiVo by 2.0% during the 4th quarter. AMI Asset Management Corp now owns 523,501 shares of the technology company’s stock worth $4,926,000 after acquiring an additional 10,160 shares in the last quarter. Hedge funds and other institutional investors own 93.54% of the company’s stock.

Shares of TiVo stock traded up $0.02 during trading on Friday, hitting $6.77. 31,479 shares of the stock were exchanged, compared to its average volume of 1,575,627. The stock has a market cap of $854.35 million, a P/E ratio of 13.51 and a beta of -0.05. TiVo has a 12-month low of $6.70 and a 12-month high of $15.00. The company has a current ratio of 0.97, a quick ratio of 0.95 and a debt-to-equity ratio of 0.47.

TiVo (NASDAQ:TIVO) last released its quarterly earnings data on Thursday, May 9th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.07). The firm had revenue of $158.20 million for the quarter, compared to analysts’ expectations of $158.21 million. TiVo had a positive return on equity of 2.49% and a negative net margin of 53.94%. TiVo’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same period last year, the firm posted $0.31 earnings per share. As a group, sell-side analysts forecast that TiVo will post 0.45 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, June 5th will be paid a dividend of $0.08 per share. The ex-dividend date is Tuesday, June 4th. This represents a $0.32 annualized dividend and a yield of 4.73%. TiVo’s dividend payout ratio is currently 144.00%.

About TiVo

TiVo Corporation provides media and entertainment products for the consumer entertainment industry worldwide. The company operates in two segments, Product and Intellectual Property Licensing. The Product segment offers platform solutions, such as TiVo Service Platform, a cloud-based service that powers the TiVo Service client software, which operates on set-top boxes in consumer homes, as well as applications that operate on third party software platforms, such as iOS and Android; user experience solutions that allow service providers to customize elements of the interactive program guides for their customers, as well as to upgrade their programming features and services under the G-GUIDE brand; and CubiTV and TiVo Lite middleware solutions for pay TV service providers comprising cable, satellite, terrestrial, and telecommunications operators.

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