Shares of TiVo Corp (NASDAQ:TIVO) have been assigned a consensus rating of “Hold” from the six research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $14.75.
A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of HEXO from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. BidaskClub upgraded shares of Winmark from a “sell” rating to a “hold” rating in a report on Tuesday, May 14th. B. Riley set a $18.00 price objective on shares of TiVo and gave the company a “buy” rating in a report on Friday, July 12th. Finally, TheStreet downgraded shares of Wayside Technology Group from a “b-” rating to a “c” rating in a report on Wednesday, May 22nd.
Shares of TIVO traded down $0.17 during trading hours on Friday, reaching $7.29. 20,742 shares of the company traded hands, compared to its average volume of 1,018,265. The stock has a market capitalization of $934.29 million, a price-to-earnings ratio of 14.56 and a beta of 0.20. TiVo has a 12-month low of $6.61 and a 12-month high of $14.20. The company has a current ratio of 0.97, a quick ratio of 0.95 and a debt-to-equity ratio of 0.47. The stock has a fifty day moving average of $7.09.
TiVo (NASDAQ:TIVO) last issued its earnings results on Thursday, May 9th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.07). TiVo had a negative net margin of 53.94% and a positive return on equity of 2.49%. The company had revenue of $158.20 million for the quarter, compared to analysts’ expectations of $158.21 million. During the same period in the prior year, the firm posted $0.31 earnings per share. The firm’s revenue for the quarter was down 16.6% compared to the same quarter last year. On average, equities analysts expect that TiVo will post 0.45 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, June 5th were given a dividend of $0.08 per share. The ex-dividend date was Tuesday, June 4th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.39%. TiVo’s dividend payout ratio (DPR) is 64.00%.
Large investors have recently made changes to their positions in the company. Nomura Holdings Inc. lifted its position in shares of TiVo by 24.4% during the 4th quarter. Nomura Holdings Inc. now owns 236,859 shares of the technology company’s stock valued at $2,231,000 after buying an additional 46,409 shares in the last quarter. Norges Bank purchased a new position in TiVo in the 4th quarter valued at $14,794,000. Great West Life Assurance Co. Can lifted its holdings in TiVo by 3.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 174,832 shares of the technology company’s stock valued at $1,628,000 after purchasing an additional 5,047 shares in the last quarter. Magnus Financial Group LLC purchased a new position in TiVo in the 4th quarter valued at $151,000. Finally, Resources Investment Advisors Inc. lifted its holdings in TiVo by 168.5% in the 1st quarter. Resources Investment Advisors Inc. now owns 3,287 shares of the technology company’s stock valued at $31,000 after purchasing an additional 2,063 shares in the last quarter. Hedge funds and other institutional investors own 93.54% of the company’s stock.
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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