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.
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.
COPYRIGHT VIOLATION WARNING: “TiVo Corp (NASDAQ:TIVO) CEO Enrique Rodriguez Purchases 55,974 Shares” was reported by Week Herald and is the property of of Week Herald. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://weekherald.com/2017/12/30/enrique-rodriguez-purchases-55974-shares-of-tivo-corp-tivo-stock.html.
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.
Receive News & Ratings for TiVo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TiVo and related companies with MarketBeat.com's FREE daily email newsletter.