TiVo (TIVO) Sets New 1-Year Low at $9.43

TiVo Corp (NASDAQ:TIVO) shares hit a new 52-week low on Thursday . The stock traded as low as $9.43 and last traded at $10.01, with a volume of 41364 shares. The stock had previously closed at $9.70.

Several research analysts have recently weighed in on the stock. BidaskClub lowered shares of TiVo from a “sell” rating to a “strong sell” rating in a report on Saturday, October 13th. ValuEngine lowered shares of TiVo from a “sell” rating to a “strong sell” rating in a report on Thursday, November 8th. Zacks Investment Research upgraded shares of TiVo from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Friday, November 16th. Finally, B. Riley increased 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. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $19.50.

The stock has a market capitalization of $1.24 billion, a PE ratio of 9.95 and a beta of -0.25. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.49 and a current ratio of 3.55.

TiVo (NASDAQ:TIVO) last posted its earnings results on Wednesday, November 7th. The technology company reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.44). The business had revenue of $164.70 million for the quarter, compared to analyst estimates of $166.85 million. TiVo had a positive return on equity of 4.65% and a negative net margin of 5.76%. The firm’s revenue for the quarter was down 16.8% compared to the same quarter last year. During the same period last year, the company posted $0.40 EPS. As a group, research analysts anticipate that TiVo Corp will post 0.75 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Thursday, December 6th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 7.38%. The ex-dividend date is Wednesday, December 5th. TiVo’s dividend payout ratio (DPR) is presently 73.47%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its position in TiVo by 3.3% during the 3rd quarter. BlackRock Inc. now owns 16,952,639 shares of the technology company’s stock worth $211,061,000 after purchasing an additional 546,090 shares in the last quarter. Vanguard Group Inc. increased its position in TiVo by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 12,440,309 shares of the technology company’s stock worth $154,881,000 after purchasing an additional 298,255 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in TiVo during the 2nd quarter worth approximately $33,961,000. Bank of New York Mellon Corp increased its position in TiVo by 3.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,488,966 shares of the technology company’s stock worth $30,988,000 after purchasing an additional 86,649 shares in the last quarter. Finally, Northern Trust Corp increased its position in TiVo by 0.9% during the 2nd quarter. Northern Trust Corp now owns 2,453,777 shares of the technology company’s stock worth $33,002,000 after purchasing an additional 21,439 shares in the last quarter. 92.18% of the stock is owned by hedge funds and other institutional investors.

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About TiVo (NASDAQ: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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