TiVo (NASDAQ:TIVO) Lifted to “Hold” at ValuEngine

ValuEngine upgraded shares of TiVo (NASDAQ:TIVO) from a sell rating to a hold rating in a research report released on Wednesday morning, ValuEngine reports.

TIVO has been the topic of several other reports. B. Riley set a $19.00 price objective on TiVo and gave the company a buy rating in a research report on Friday, August 23rd. BidaskClub raised TiVo from a sell rating to a hold rating in a research report on Thursday, September 26th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $13.63.

TiVo stock traded up $0.01 during trading hours on Wednesday, hitting $7.52. 327,710 shares of the stock traded hands, compared to its average volume of 995,158. The firm’s 50-day moving average price is $7.79 and its two-hundred day moving average price is $7.90. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.47. The company has a market cap of $945.86 million, a PE ratio of 15.04 and a beta of 0.16. TiVo has a one year low of $6.61 and a one year high of $13.13.

TiVo (NASDAQ:TIVO) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.07. The business had revenue of $176.17 million for the quarter, compared to analysts’ expectations of $162.48 million. TiVo had a positive return on equity of 3.17% and a negative net margin of 52.02%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 EPS. On average, sell-side analysts expect that TiVo will post 0.53 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a dividend of $0.08 per share. The ex-dividend date was Wednesday, September 4th. This represents a $0.32 annualized dividend and a yield of 4.26%. TiVo’s payout ratio is 64.00%.

A number of institutional investors have recently bought and sold shares of TIVO. Tower Research Capital LLC TRC bought a new stake in TiVo during the 2nd quarter valued at approximately $25,000. Resources Investment Advisors Inc. boosted its position in shares of TiVo by 168.5% in the 1st quarter. Resources Investment Advisors Inc. now owns 3,287 shares of the technology company’s stock worth $31,000 after purchasing an additional 2,063 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of TiVo by 806.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 9,066 shares of the technology company’s stock worth $67,000 after purchasing an additional 8,066 shares in the last quarter. Bank of Montreal Can boosted its position in shares of TiVo by 262.7% in the 2nd quarter. Bank of Montreal Can now owns 13,053 shares of the technology company’s stock worth $96,000 after purchasing an additional 9,454 shares in the last quarter. Finally, Ellington Management Group LLC bought a new stake in shares of TiVo in the 2nd quarter worth approximately $116,000. 90.13% of the stock is currently owned by institutional investors and hedge funds.

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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