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.
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.
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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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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