TiVo (TIVO) Upgraded to “Sell” at BidaskClub

BidaskClub upgraded shares of TiVo (NASDAQ:TIVO) from a strong sell rating to a sell rating in a research note published on Friday.

A number of other analysts also recently commented on the stock. B. Riley boosted their price objective on shares of TiVo from $19.00 to $23.00 and gave the stock a buy rating in a report on Monday, August 27th. ValuEngine downgraded shares of TiVo from a sell rating to a strong sell rating in a report on Wednesday, July 25th. JPMorgan Chase & Co. decreased their price objective on shares of TiVo from $30.00 to $18.00 and set an overweight rating on the stock in a report on Thursday, August 9th. Finally, Zacks Investment Research raised shares of TiVo from a sell rating to a hold rating in a report on Thursday, July 12th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. TiVo presently has a consensus rating of Hold and a consensus target price of $22.75.

TIVO stock traded up $0.08 during trading on Friday, reaching $12.88. 890,329 shares of the company were exchanged, compared to its average volume of 925,995. The company has a market cap of $1.58 billion, a P/E ratio of 13.14 and a beta of -0.52. TiVo has a 52-week low of $11.12 and a 52-week high of $19.48. The company has a current ratio of 3.54, a quick ratio of 3.47 and a debt-to-equity ratio of 0.54.

TiVo (NASDAQ:TIVO) last released its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $172.86 million for the quarter, compared to the consensus estimate of $178.36 million. TiVo had a negative net margin of 4.75% and a positive return on equity of 3.06%. On average, equities research analysts expect that TiVo will post 0.66 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 20th. Investors of record on Thursday, September 6th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date was Wednesday, September 5th. TiVo’s dividend payout ratio is currently 73.47%.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Fox Run Management L.L.C. lifted its holdings in shares of TiVo by 131.3% in the third quarter. Fox Run Management L.L.C. now owns 29,892 shares of the technology company’s stock valued at $372,000 after purchasing an additional 16,967 shares in the last quarter. Fondren Management LP purchased a new stake in shares of TiVo in the second quarter valued at about $202,000. Northern Trust Corp lifted its holdings in shares of TiVo by 0.9% in the second quarter. Northern Trust Corp now owns 2,453,777 shares of the technology company’s stock valued at $33,002,000 after purchasing an additional 21,439 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of TiVo by 9,668.1% in the second quarter. Advisors Asset Management Inc. now owns 515,558 shares of the technology company’s stock valued at $6,934,000 after purchasing an additional 510,280 shares in the last quarter. Finally, B. Riley Financial Inc. purchased a new stake in shares of TiVo in the second quarter valued at about $381,000. 91.97% of the stock is currently owned by institutional investors.

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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