TiVo (NASDAQ:TIVO) Upgraded to Buy by BidaskClub

TiVo (NASDAQ:TIVO) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Friday, BidAskClub reports.

A number of other research analysts have also issued reports on TIVO. B. Riley set a $19.00 target price on TiVo and gave the stock a “buy” rating in a report on Friday, August 23rd. ValuEngine raised TiVo from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $13.63.

Shares of NASDAQ TIVO opened at $7.96 on Friday. TiVo has a 1-year low of $6.61 and a 1-year high of $12.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.06 and a quick ratio of 1.06. The business’s fifty day moving average price is $7.91 and its two-hundred day moving average price is $7.76. The firm has a market capitalization of $1.01 billion, a PE ratio of 15.92 and a beta of 0.16.

TiVo (NASDAQ:TIVO) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. The company had revenue of $176.17 million for the quarter, compared to analyst estimates of $162.48 million. TiVo had a positive return on equity of 3.17% and a negative net margin of 52.02%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company earned $0.26 earnings per share. Equities research analysts expect that TiVo will post 0.53 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in TIVO. Tower Research Capital LLC TRC acquired a new stake in TiVo during the 2nd quarter worth about $25,000. Meeder Asset Management Inc. boosted its position in TiVo by 806.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 9,066 shares of the technology company’s stock worth $67,000 after acquiring an additional 8,066 shares during the period. Envestnet Asset Management Inc. acquired a new stake in TiVo during the 3rd quarter worth about $87,000. Bank of Montreal Can boosted its position in TiVo by 262.7% during the 2nd quarter. Bank of Montreal Can now owns 13,053 shares of the technology company’s stock worth $96,000 after acquiring an additional 9,454 shares during the period. Finally, Ellington Management Group LLC acquired a new stake in TiVo during the 2nd quarter worth about $116,000. Institutional investors and hedge funds own 90.14% 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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