TiVo (NASDAQ:TIVO) Upgraded by BidaskClub to “Sell”

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BidaskClub upgraded shares of TiVo (NASDAQ:TIVO) from a strong sell rating to a sell rating in a research report report published on Saturday, BidAskClub reports.

Other equities analysts have also issued research reports about the company. TheStreet lowered TiVo from a c- rating to a d+ rating in a research note on Wednesday, May 22nd. Zacks Investment Research raised TiVo from a hold rating to a buy rating and set a $8.25 price target on the stock in a report on Wednesday, May 15th. Finally, B. Riley set a $19.00 price target on TiVo and gave the stock a buy rating in a research note on Friday, August 23rd. Two research analysts have rated the stock with a sell rating and two have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $13.63.

TIVO opened at $8.25 on Friday. The firm has a market cap of $1.04 billion, a P/E ratio of 16.50 and a beta of 0.20. TiVo has a 1-year low of $6.61 and a 1-year high of $14.07. The company has a 50 day simple moving average of $7.60 and a two-hundred day simple moving average of $8.13. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.06 and a quick ratio of 1.06.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, September 4th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.88%. TiVo’s dividend payout ratio is 64.00%.

A number of institutional investors and hedge funds have recently bought and sold shares of TIVO. JPMorgan Chase & Co. lifted its stake in TiVo by 442.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,157,221 shares of the technology company’s stock worth $37,028,000 after purchasing an additional 4,206,268 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of TiVo by 1,223.4% in the second quarter. Renaissance Technologies LLC now owns 1,528,535 shares of the technology company’s stock worth $11,265,000 after purchasing an additional 1,413,035 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of TiVo by 430.9% in the second quarter. Prudential Financial Inc. now owns 1,072,676 shares of the technology company’s stock worth $7,906,000 after buying an additional 870,635 shares in the last quarter. Clearline Capital LP lifted its position in shares of TiVo by 161.4% in the second quarter. Clearline Capital LP now owns 1,265,789 shares of the technology company’s stock worth $9,329,000 after buying an additional 781,560 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in TiVo by 36.0% during the first quarter. Robeco Institutional Asset Management B.V. now owns 1,746,396 shares of the technology company’s stock valued at $16,277,000 after buying an additional 462,144 shares during the last quarter. 90.15% of the stock is owned by institutional investors.

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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