Several other research firms have also recently commented on TIVO. ValuEngine cut TiVo from a “sell” rating to a “strong sell” rating in a report on Thursday, February 28th. Zacks Investment Research raised TiVo from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, B. Riley set a $23.00 price objective on TiVo and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. TiVo has a consensus rating of “Hold” and a consensus target price of $14.75.
TIVO opened at $7.30 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $908.02 million, a PE ratio of 14.60 and a beta of -0.05. TiVo has a 12 month low of $7.11 and a 12 month high of $15.00.
TiVo (NASDAQ:TIVO) last posted its quarterly earnings results on Thursday, May 9th. The technology company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.07). The business had revenue of $158.20 million during the quarter, compared to analyst estimates of $158.21 million. TiVo had a negative net margin of 53.94% and a positive return on equity of 2.49%. The firm’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.31 earnings per share. As a group, research analysts forecast that TiVo will post 0.41 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of TIVO. Resources Investment Advisors Inc. raised its holdings in TiVo by 168.5% during the first quarter. Resources Investment Advisors Inc. now owns 3,287 shares of the technology company’s stock worth $31,000 after purchasing an additional 2,063 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new position in TiVo during the fourth quarter worth $47,000. Hancock Whitney Corp acquired a new position in TiVo during the first quarter worth $105,000. Meridian Wealth Management LLC acquired a new position in TiVo during the fourth quarter worth $107,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in TiVo during the fourth quarter worth $117,000. 93.44% of the stock is owned by hedge funds and other institutional investors.
TiVo Company Profile
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.
Read More: The Structure of a Futures Contract
Receive News & Ratings for TiVo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TiVo and related companies with MarketBeat.com's FREE daily email newsletter.