TiVo (TIVO) Reaches New 12-Month Low at $9.43

TiVo Corp (NASDAQ:TIVO) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $9.43 and last traded at $10.01, with a volume of 41364 shares. The stock had previously closed at $9.70.

A number of research analysts recently issued reports on TIVO shares. Zacks Investment Research upgraded shares of TiVo from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Friday, November 16th. B. Riley boosted their price objective on shares of TiVo from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, August 27th. BidaskClub upgraded shares of TiVo from a “sell” rating to a “hold” rating in a research report on Friday, August 24th. Finally, ValuEngine upgraded shares of TiVo from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 15th. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $19.50.

The stock has a market cap of $1.24 billion, a P/E ratio of 9.95 and a beta of -0.25. The company has a current ratio of 3.55, a quick ratio of 3.49 and a debt-to-equity ratio of 0.55.

TiVo (NASDAQ:TIVO) last announced its quarterly earnings data on Wednesday, November 7th. The technology company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.44). The firm had revenue of $164.70 million during the quarter, compared to analyst estimates of $166.85 million. TiVo had a negative net margin of 5.76% and a positive return on equity of 4.65%. The business’s quarterly revenue was down 16.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 earnings per share. As a group, analysts expect that TiVo Corp will post 0.75 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $0.72 annualized dividend and a yield of 7.38%. TiVo’s dividend payout ratio is currently 73.47%.

Large investors have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of TiVo by 2.8% in the 1st quarter. Principal Financial Group Inc. now owns 953,885 shares of the technology company’s stock worth $12,925,000 after buying an additional 26,302 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of TiVo in the 2nd quarter worth about $143,000. First Trust Advisors LP boosted its position in shares of TiVo by 72.5% in the 2nd quarter. First Trust Advisors LP now owns 201,409 shares of the technology company’s stock worth $2,709,000 after buying an additional 84,643 shares in the last quarter. Bbva Compass Bancshares Inc. purchased a new stake in shares of TiVo in the 2nd quarter worth about $168,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of TiVo in the 2nd quarter worth about $350,000. 92.18% of the stock is currently owned by institutional investors and hedge funds.

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About TiVo (NASDAQ: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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