BidaskClub Lowers TiVo (NASDAQ:TIVO) to Hold

BidaskClub downgraded shares of TiVo (NASDAQ:TIVO) from a buy rating to a hold rating in a report published on Saturday morning, BidAskClub reports.

Several other brokerages also recently weighed in on TIVO. B. Riley set a $19.00 price target on TiVo and gave the company a buy rating in a report on Friday, August 23rd. ValuEngine upgraded TiVo from a sell rating to a hold rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded TiVo from a hold rating to a buy rating and set a $9.50 price target for the company in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $14.25.

Shares of NASDAQ:TIVO opened at $7.52 on Friday. TiVo has a 1-year low of $6.61 and a 1-year high of $11.78. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.06 and a quick ratio of 1.06. The business has a fifty day moving average price of $7.90 and a 200-day moving average price of $7.66. The company has a market capitalization of $1.10 billion, a PE ratio of 15.04 and a beta of 0.16.

Several institutional investors have recently added to or reduced their stakes in TIVO. JPMorgan Chase & Co. boosted its position in shares of TiVo by 442.3% during the second quarter. JPMorgan Chase & Co. now owns 5,157,221 shares of the technology company’s stock valued at $37,028,000 after buying an additional 4,206,268 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of TiVo by 1,223.4% during the second quarter. Renaissance Technologies LLC now owns 1,528,535 shares of the technology company’s stock valued at $11,265,000 after buying an additional 1,413,035 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of TiVo by 430.9% during the second quarter. Prudential Financial Inc. now owns 1,072,676 shares of the technology company’s stock valued at $7,906,000 after buying an additional 870,635 shares during the last quarter. Clearline Capital LP boosted its position in shares of TiVo by 161.4% during the second quarter. Clearline Capital LP now owns 1,265,789 shares of the technology company’s stock valued at $9,329,000 after buying an additional 781,560 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of TiVo by 413.9% during the second quarter. Jacobs Levy Equity Management Inc. now owns 551,782 shares of the technology company’s stock valued at $4,067,000 after buying an additional 444,410 shares during the last quarter. 90.09% of the stock is currently owned by 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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