TiVo (NASDAQ:TIVO) Lowered to “Hold” at BidaskClub

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BidaskClub lowered shares of TiVo (NASDAQ:TIVO) from a buy rating to a hold rating in a research note released on Saturday morning, BidAskClub reports.

TIVO has been the topic of a number of other reports. B. Riley set a $19.00 price objective on shares of TiVo and gave the stock a buy rating in a report on Friday, August 23rd. Zacks Investment Research raised shares of TiVo from a hold rating to a buy rating and set a $9.50 price objective on the stock in a report on Wednesday. Finally, ValuEngine raised shares of TiVo from a sell rating to a hold rating in a report on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $14.25.

Shares of NASDAQ TIVO traded down $0.75 during midday trading on Friday, reaching $7.52. The stock had a trading volume of 2,402,600 shares, compared to its average volume of 962,531. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 15.04 and a beta of 0.16. The company’s 50 day moving average price is $7.92 and its 200 day moving average price is $7.67. TiVo has a twelve month low of $6.61 and a twelve month high of $11.78.

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in TiVo by 442.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,157,221 shares of the technology company’s stock worth $37,028,000 after acquiring an additional 4,206,268 shares during the last quarter. United Services Automobile Association boosted its holdings in shares of TiVo by 23.2% in the 2nd quarter. United Services Automobile Association now owns 44,872 shares of the technology company’s stock worth $331,000 after buying an additional 8,462 shares during the last quarter. Commonwealth Bank of Australia boosted its holdings in shares of TiVo by 82.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 36,400 shares of the technology company’s stock worth $268,000 after buying an additional 16,500 shares during the last quarter. Lapides Asset Management LLC purchased a new position in shares of TiVo in the 3rd quarter worth about $292,000. Finally, Swiss National Bank boosted its holdings in shares of TiVo by 2.8% in the 2nd quarter. Swiss National Bank now owns 232,213 shares of the technology company’s stock worth $1,711,000 after buying an additional 6,400 shares during the last quarter. 90.09% of the stock is currently owned by hedge funds and other 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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