The Cowen and Company Reiterates Outperform Rating for TiVo Corp (TIVO)

The Cowen and Company Reiterates Outperform Rating for TiVo Corp (TIVO)

TIVO has been the topic of a number of other research reports. Zacks Investment Research raised TiVo Corp from a hold rating to a buy rating and set a $22.00 target price on the stock in a report on Tuesday, February 14th. Piper Jaffray Companies reduced their target price on TiVo Corp from $27.00 to $25.00 and set an overweight rating on the stock in a report on Friday, March 24th. Finally, B. Riley reaffirmed a buy rating and issued a $31.00 target price on shares of TiVo Corp in a report on Wednesday, February 15th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. TiVo Corp currently has a consensus rating of Buy and a consensus price target of $26.17.

Cowen and Company reiterated their outperform rating on shares of TiVo Corp (NASDAQ:TIVO) in a research note published on Tuesday. They currently have a $30.00 price objective on the technology company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Investors of record on Tuesday, June 6th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Friday, June 2nd. Several large investors have recently added to or reduced their stakes in TIVO. FMR LLC increased its stake in TiVo Corp by 52.9% in the fourth quarter. FMR LLC now owns 5,390,485 shares of the technology company’s stock valued at $112,661,000 after buying an additional 1,865,716 shares during the period. Comerica Bank increased its stake in TiVo Corp by 3.5% in the fourth quarter. Comerica Bank now owns 127,190 shares of the technology company’s stock valued at $2,556,000 after buying an additional 4,298 shares during the period. Guggenheim Capital LLC purchased a new stake in TiVo Corp during the fourth quarter valued at $3,758,000. James Investment Research Inc. purchased a new stake in TiVo Corp during the first quarter valued at $143,000. Finally, Tyers Asset Management LLC increased its stake in TiVo Corp by 2.6% in the first quarter. Tyers Asset Management LLC now owns 5,432 shares of the technology company’s stock valued at $102,000 after buying an additional 140 shares during the period. 98.99% of the stock is currently owned by institutional investors.

About TiVo Corp TiVo Corporation is engaged in offering media and entertainment products. The Company operates through two segments: Intellectual Property Licensing and Product. The Company’s Product segment includes a suite of component technologies that can be integrated into media service provider internally developed platforms or deployed as an integrated TiVo solution.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:TIVO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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