TiVo (NASDAQ:TIVO) has been given a $18.00 price objective by stock analysts at B. Riley in a research report issued to clients and investors on Thursday, TipRanks reports. The brokerage presently has a “buy” rating on the technology company’s stock. B. Riley’s target price indicates a potential upside of 163.16% from the company’s current price.
A number of other brokerages also recently commented on TIVO. ValuEngine downgraded shares of TiVo from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 28th. Zacks Investment Research upgraded shares of TiVo from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. BidaskClub downgraded shares of TiVo from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. Finally, TheStreet downgraded shares of TiVo from a “c-” rating to a “d+” rating in a research report on Wednesday, May 22nd. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $14.75.
Shares of NASDAQ:TIVO opened at $6.84 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.95. The stock has a market capitalization of $846.86 million, a P/E ratio of 13.68 and a beta of 0.17. TiVo has a 52 week low of $6.61 and a 52 week high of $14.75.
TiVo (NASDAQ:TIVO) last announced its quarterly earnings data on Thursday, May 9th. The technology company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.07). The firm had revenue of $158.20 million during the quarter, compared to analyst estimates of $158.21 million. TiVo had a negative net margin of 53.94% and a positive return on equity of 2.49%. TiVo’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 EPS. On average, sell-side analysts anticipate that TiVo will post 0.45 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC lifted its position in shares of TiVo by 14.9% during the 1st quarter. Advisory Services Network LLC now owns 25,599 shares of the technology company’s stock valued at $239,000 after acquiring an additional 3,310 shares during the period. Nordea Investment Management AB increased its stake in shares of TiVo by 7.5% during the 1st quarter. Nordea Investment Management AB now owns 580,814 shares of the technology company’s stock worth $5,413,000 after purchasing an additional 40,700 shares in the last quarter. Kore Private Wealth LLC purchased a new position in shares of TiVo during the 1st quarter worth approximately $32,000. CWM Advisors LLC purchased a new position in shares of TiVo during the 1st quarter worth approximately $158,000. Finally, Man Group plc increased its stake in shares of TiVo by 1,200.6% during the 1st quarter. Man Group plc now owns 1,072,285 shares of the technology company’s stock worth $9,994,000 after purchasing an additional 989,839 shares in the last quarter. Institutional investors own 93.54% of the company’s stock.
TiVo Company Profile
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.
Featured Story: How to Use a Moving Average for Trading
Receive News & Ratings for TiVo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TiVo and related companies with MarketBeat.com's FREE daily email newsletter.