Investment analysts at Piper Jaffray began coverage on shares of TiVo (NASDAQ: TIVO) in a note issued to investors on Thursday. The firm set an “overweight” rating and a $16.00 price target on the stock.
TiVo traded up 0.96% on Thursday, hitting $12.56. TiVo has a 1-year low of $7.75 and a 1-year high of $13.49. The stock’s 50-day moving average is currently $12.69. The company’s market cap is $1.578 billion.
TiVo last announced its earnings results on Tuesday, February 26th. The company reported ($0.13) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.12) by $0.01. The company had revenue of $65.70 million for the quarter, compared to the consensus estimate of $64.78 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 31.4% on a year-over-year basis. Analysts expect that TiVo will post $-0.35 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Janney Montgomery Scott raised their price target on shares of TiVo from $15.00 to $16.00 in a research note to investors on Wednesday, February 27th. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of TiVo in a research note to investors on Wednesday, February 27th. They now have a $16.00 price target on the stock, up previously from $15.00. Finally, analysts at Brean Murray reiterated a “buy” rating on shares of TiVo in a research note to investors on Wednesday, February 27th. They now have a $15.00 price target on the stock.
Thirteen research analysts have rated the stock with a buy rating, and two have given a hold rating to the stock. The stock presently has an average rating of “buy” and a consensus target price of $15.12.
TiVo Inc. (TiVo) a developer and provider of software and technology that enables the search, navigation, and access of content across sources, including linear television, on-demand television, and broadband video.
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