TiVo Corp (TIVO) Receives Average Rating of “Buy” from Analysts

Shares of TiVo Corp (NASDAQ:TIVO) have received a consensus recommendation of “Buy” from the seven research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $23.50.

Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded TiVo from a “sell” rating to a “hold” rating in a research note on Tuesday, March 6th. BWS Financial assumed coverage on TiVo in a research note on Wednesday, February 28th. They set a “buy” rating and a $25.00 target price for the company. Finally, B. Riley upped their target price on TiVo from $18.00 to $19.50 and gave the stock a “buy” rating in a research note on Wednesday, February 28th.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TIVO. Macquarie Group Ltd. bought a new stake in TiVo during the fourth quarter worth $114,000. AMP Capital Investors Ltd bought a new position in shares of TiVo in the 4th quarter valued at $192,000. Suntrust Banks Inc. bought a new position in shares of TiVo in the 4th quarter valued at $199,000. Xact Kapitalforvaltning AB bought a new position in shares of TiVo in the 4th quarter valued at $201,000. Finally, Elkfork Partners LLC bought a new position in shares of TiVo in the 4th quarter valued at $212,000. Hedge funds and other institutional investors own 92.18% of the company’s stock.

Shares of TIVO stock traded down $0.30 during trading on Monday, hitting $13.25. The company had a trading volume of 873,918 shares, compared to its average volume of 1,335,482. The company has a current ratio of 2.54, a quick ratio of 2.48 and a debt-to-equity ratio of 0.53. The stock has a market cap of $1,666.19, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 1.07 and a beta of -0.21. TiVo has a one year low of $12.75 and a one year high of $20.17.

TiVo (NASDAQ:TIVO) last issued its quarterly earnings results on Tuesday, February 27th. The technology company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). The company had revenue of $214.24 million during the quarter, compared to the consensus estimate of $212.24 million. TiVo had a negative net margin of 4.59% and a positive return on equity of 4.02%. analysts forecast that TiVo will post 1.27 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 5.43%. The ex-dividend date of this dividend was Tuesday, March 6th. TiVo’s payout ratio is presently 73.47%.

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About TiVo

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.

Analyst Recommendations for TiVo (NASDAQ:TIVO)

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