TiVo Corp (NASDAQ:TIVO) CEO Enrique Rodriguez Purchases 55,974 Shares

TiVo Corp (NASDAQ:TIVO) CEO Enrique Rodriguez acquired 55,974 shares of the stock in a transaction on Friday, December 1st. The shares were purchased at an average price of $17.86 per share, for a total transaction of $999,695.64. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of TiVo Corp (NASDAQ TIVO) traded up $1.60 during mid-day trading on Friday, hitting $15.60. The stock had a trading volume of 7,359,225 shares, compared to its average volume of 1,412,966. TiVo Corp has a 12-month low of $13.75 and a 12-month high of $21.75. The firm has a market capitalization of $1,708.76, a price-to-earnings ratio of -40.00, a price-to-earnings-growth ratio of 1.12 and a beta of 0.11. The company has a quick ratio of 2.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.53.

TiVo (NASDAQ:TIVO) last announced its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.07). The firm had revenue of $197.90 million for the quarter, compared to analyst estimates of $190.83 million. TiVo had a negative net margin of 5.39% and a positive return on equity of 4.72%. The business’s revenue for the quarter was up 29.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 earnings per share. analysts forecast that TiVo Corp will post 1.25 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend was Tuesday, December 5th. TiVo’s dividend payout ratio is currently -184.62%.

Several institutional investors have recently bought and sold shares of the stock. Amalgamated Bank lifted its stake in shares of TiVo by 0.5% in the second quarter. Amalgamated Bank now owns 15,847 shares of the technology company’s stock worth $296,000 after acquiring an additional 85 shares during the period. Cipher Capital LP lifted its stake in shares of TiVo by 0.3% in the second quarter. Cipher Capital LP now owns 26,769 shares of the technology company’s stock worth $499,000 after acquiring an additional 89 shares during the period. Bbva Compass Bancshares Inc. lifted its stake in TiVo by 1.1% in the second quarter. Bbva Compass Bancshares Inc. now owns 10,594 shares of the technology company’s stock valued at $198,000 after buying an additional 120 shares during the period. Arizona State Retirement System lifted its stake in TiVo by 0.3% in the second quarter. Arizona State Retirement System now owns 63,200 shares of the technology company’s stock valued at $1,179,000 after buying an additional 200 shares during the period. Finally, People s United Financial Inc. lifted its stake in TiVo by 0.4% in the second quarter. People s United Financial Inc. now owns 71,188 shares of the technology company’s stock valued at $1,328,000 after buying an additional 276 shares during the period. 90.25% of the stock is currently owned by institutional investors.

Several research analysts have weighed in on TIVO shares. ValuEngine cut TiVo from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Cowen restated a “buy” rating and issued a $30.00 price target on shares of TiVo in a research report on Friday, September 8th. Jefferies Group restated a “buy” rating and issued a $18.00 price target on shares of TiVo in a research report on Thursday, September 21st. B. Riley reiterated a “buy” rating and issued a $31.00 target price on shares of TiVo in a research report on Monday, October 9th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $25.00 target price on shares of TiVo in a research report on Friday, November 3rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. TiVo currently has a consensus rating of “Buy” and a consensus target price of $22.75.

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TiVo Company Profile

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.

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