B. Riley Reiterates Buy Rating for TiVo Corporation (TIVO)

B. Riley reiterated their buy rating on shares of TiVo Corporation (NASDAQ:TIVO) in a report issued on Monday morning. The brokerage currently has a $31.00 price target on the technology company’s stock.

A number of other equities research analysts have also weighed in on the company. ValuEngine raised TiVo Corporation from a hold rating to a buy rating in a research note on Monday, October 2nd. Jefferies Group LLC reissued a buy rating and issued a $18.00 target price on shares of TiVo Corporation in a research note on Thursday, September 21st. Cowen and Company reissued a buy rating and issued a $30.00 target price on shares of TiVo Corporation in a research note on Friday, September 8th. Finally, Zacks Investment Research lowered TiVo Corporation from a strong-buy rating to a hold rating in a research note on Tuesday, July 4th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. TiVo Corporation currently has a consensus rating of Buy and a consensus price target of $27.60.

Shares of TiVo Corporation (TIVO) opened at 18.50 on Monday. The stock has a 50 day moving average price of $18.86 and a 200 day moving average price of $18.52. The firm has a market cap of $2.23 billion, a PE ratio of 102.21 and a beta of 0.18. TiVo Corporation has a 52 week low of $15.15 and a 52 week high of $22.05.

TiVo Corporation (NASDAQ:TIVO) last released its earnings results on Thursday, August 3rd. The technology company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.20. TiVo Corporation had a return on equity of 10.59% and a net margin of 2.47%. The company had revenue of $208.60 million during the quarter, compared to analyst estimates of $192.72 million. During the same quarter in the previous year, the company posted $0.45 EPS. TiVo Corporation’s revenue for the quarter was up 66.6% on a year-over-year basis. Equities analysts expect that TiVo Corporation will post $0.43 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Thursday, September 7th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend was Wednesday, September 6th. TiVo Corporation’s payout ratio is 240.00%.

In other TiVo Corporation news, insider Dustin Finer sold 11,881 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $20.00, for a total transaction of $237,620.00. Following the transaction, the insider now owns 41,524 shares in the company, valued at approximately $830,480. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Pamela A. Sergeeff sold 3,147 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $20.00, for a total value of $62,940.00. Following the transaction, the executive vice president now owns 89,976 shares in the company, valued at approximately $1,799,520. The disclosure for this sale can be found here. Insiders have sold a total of 17,397 shares of company stock valued at $343,557 in the last ninety days. 3.57% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its holdings in shares of TiVo Corporation by 25.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,074 shares of the technology company’s stock worth $132,000 after acquiring an additional 1,433 shares during the period. Creative Planning grew its holdings in shares of TiVo Corporation by 83.8% during the 2nd quarter. Creative Planning now owns 7,137 shares of the technology company’s stock worth $133,000 after acquiring an additional 3,253 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of TiVo Corporation by 23.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 10,351 shares of the technology company’s stock worth $194,000 after acquiring an additional 1,946 shares during the period. Bbva Compass Bancshares Inc. grew its holdings in shares of TiVo Corporation by 1.1% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 10,594 shares of the technology company’s stock worth $198,000 after acquiring an additional 120 shares during the period. Finally, Atria Investments LLC grew its holdings in shares of TiVo Corporation by 0.4% during the 2nd quarter. Atria Investments LLC now owns 10,973 shares of the technology company’s stock worth $205,000 after acquiring an additional 49 shares during the period. Hedge funds and other institutional investors own 89.00% of the company’s stock.

About TiVo Corporation

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.

Analyst Recommendations for TiVo Corporation (NASDAQ:TIVO)

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