The TiVo Corp (TIVO) Rating Reiterated by Piper Jaffray Companies

The TiVo Corp (TIVO) Rating Reiterated by Piper Jaffray Companies

Several other equities research analysts have also recently issued reports on TIVO. B. Riley reissued a buy rating and issued a $31.00 price objective on shares of TiVo Corp in a research report on Monday, May 15th. Cowen and Company reissued an outperform rating and issued a $30.00 price objective on shares of TiVo Corp in a research report on Tuesday, May 30th. Finally, Zacks Investment Research cut shares of TiVo Corp from a buy rating to a hold rating in a research report on Wednesday, February 15th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of $26.17.

Piper Jaffray Companies reissued their buy rating on shares of TiVo Corp (NASDAQ:TIVO) in a research report sent to investors on Tuesday morning. Piper Jaffray Companies currently has a $25.00 price objective on the technology company’s stock.

TiVo Corp (NASDAQ TIVO) opened at 17.90 on Tuesday. The firm’s 50 day moving average is $17.96 and its 200-day moving average is $19.16. The company has a market cap of $2.15 billion, a P/E ratio of 116.99 and a beta of 0.84. TiVo Corp has a 52 week low of $15.06 and a 52 week high of $23.40.

TiVo Corp (NASDAQ:TIVO) last released its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.08. The company had revenue of $205.76 million during the quarter, compared to analysts’ expectations of $188.79 million. TiVo Corp had a negative net margin of 3.78% and a positive return on equity of 8.88%. The firm’s quarterly revenue was up 73.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 EPS. On average, analysts predict that TiVo Corp will post $0.43 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Tuesday, June 6th will be given a $0.18 dividend. The ex-dividend date is Friday, June 2nd. This represents a $0.72 annualized dividend and a dividend yield of 4.02%. Several large investors have recently made changes to their positions in TIVO. Comerica Bank boosted its stake in shares of 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 last quarter. Cipher Capital LP boosted its stake in shares of TiVo Corp by 27.0% in the fourth quarter. Cipher Capital LP now owns 94,392 shares of the technology company’s stock valued at $1,973,000 after buying an additional 20,087 shares during the last quarter. Oxford Asset Management boosted its stake in shares of TiVo Corp by 438.8% in the fourth quarter. Oxford Asset Management now owns 97,627 shares of the technology company’s stock valued at $2,040,000 after buying an additional 79,509 shares during the last quarter. FMR LLC boosted its stake in shares of 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 last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its stake in shares of TiVo Corp by 81.7% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,928,997 shares of the technology company’s stock valued at $40,316,000 after buying an additional 867,392 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other 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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