TiVo (TIVO) Stock Rating Lowered by ValuEngine

TiVo (NASDAQ:TIVO) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday.

A number of other equities analysts have also commented on the stock. B. Riley boosted their price target on shares of TiVo from $19.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, August 27th. BidaskClub lowered shares of TiVo from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 13th. JPMorgan Chase & Co. reduced their price target on shares of TiVo from $30.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, August 9th. Finally, Zacks Investment Research upgraded shares of TiVo from a “sell” rating to a “hold” rating in a research report on Thursday, July 12th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $22.00.

NASDAQ:TIVO opened at $11.07 on Thursday. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 11.30 and a beta of -0.19. TiVo has a 12 month low of $10.45 and a 12 month 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 results on Wednesday, November 7th. The technology company reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.44). The firm had revenue of $164.70 million during the quarter, compared to analyst estimates of $166.85 million. TiVo had a negative net margin of 4.75% and a positive return on equity of 3.06%. TiVo’s quarterly revenue was down 16.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 earnings per share. Research analysts predict that TiVo will post 0.66 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Bank of Montreal Can acquired a new position in shares of TiVo during the second quarter worth approximately $143,000. Stone Ridge Asset Management LLC acquired a new position in shares of TiVo during the third quarter worth approximately $162,000. Bbva Compass Bancshares Inc. acquired a new position in shares of TiVo during the second quarter worth approximately $168,000. Fox Run Management L.L.C. acquired a new position in shares of TiVo during the second quarter worth approximately $174,000. Finally, Advisory Services Network LLC lifted its position in shares of TiVo by 123.7% during the second quarter. Advisory Services Network LLC now owns 15,214 shares of the technology company’s stock worth $186,000 after purchasing an additional 8,414 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

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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