TiVo Target of Unusually Large Options Trading (TIVO)

TiVo Corp (NASDAQ:TIVO) was the recipient of unusually large options trading activity on Wednesday. Stock traders acquired 6,114 call options on the stock. This represents an increase of approximately 5,836% compared to the average volume of 103 call options.

TIVO opened at $9.39 on Friday. The stock has a market cap of $1.17 billion, a P/E ratio of 18.78 and a beta of -0.06. TiVo has a fifty-two week low of $8.73 and a fifty-two week high of $15.00. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.41.

TiVo (NASDAQ:TIVO) last released its quarterly earnings data on Tuesday, February 26th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.10). The business had revenue of $168.46 million for the quarter, compared to analyst estimates of $173.68 million. TiVo had a positive return on equity of 3.73% and a negative net margin of 50.20%. TiVo’s revenue was down 21.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 EPS. Sell-side analysts predict that TiVo will post 0.41 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Piedmont Investment Advisors Inc. grew its position in TiVo by 3.4% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 29,435 shares of the technology company’s stock worth $277,000 after purchasing an additional 977 shares during the last quarter. Nisa Investment Advisors LLC grew its position in TiVo by 5.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 38,970 shares of the technology company’s stock worth $367,000 after purchasing an additional 1,900 shares during the last quarter. Thrivent Financial for Lutherans grew its position in TiVo by 2.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 87,988 shares of the technology company’s stock worth $828,000 after purchasing an additional 1,935 shares during the last quarter. Texas Permanent School Fund boosted its holdings in shares of TiVo by 4.1% in the fourth quarter. Texas Permanent School Fund now owns 81,096 shares of the technology company’s stock valued at $763,000 after acquiring an additional 3,216 shares in the last quarter. Finally, United Services Automobile Association boosted its holdings in shares of TiVo by 15.7% in the fourth quarter. United Services Automobile Association now owns 32,336 shares of the technology company’s stock valued at $304,000 after acquiring an additional 4,378 shares in the last quarter. Hedge funds and other institutional investors own 93.80% of the company’s stock.

Several research firms recently weighed in on TIVO. ValuEngine lowered shares of TiVo from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 28th. Zacks Investment Research lowered shares of TiVo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 10th. B. Riley set a $23.00 price objective on shares of TiVo and gave the stock a “buy” rating in a research note on Tuesday. Finally, BidaskClub lowered shares of TiVo from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $17.67.

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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.

Further Reading: Initial Public Offering (IPO)

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