TiVo Corporation (TIVO) Receiving Somewhat Favorable Press Coverage, Study Finds

Media coverage about TiVo Corporation (NASDAQ:TIVO) has trended somewhat positive recently, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TiVo Corporation earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.0295890747134 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news articles that may have impacted Accern’s analysis:

Several research firms recently commented on TIVO. B. Riley restated a “buy” rating and set a $31.00 target price on shares of TiVo Corporation in a research report on Sunday, August 6th. ValuEngine cut TiVo Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $18.00 price target on shares of TiVo Corporation in a report on Friday, July 7th. Cowen and Company reaffirmed an “outperform” rating and set a $30.00 price target on shares of TiVo Corporation in a report on Wednesday, June 28th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $25.00 price target on shares of TiVo Corporation in a report on Tuesday, May 30th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $26.17.

Shares of TiVo Corporation (TIVO) opened at 19.15 on Friday. The firm’s market capitalization is $2.31 billion. TiVo Corporation has a 1-year low of $15.15 and a 1-year high of $22.20. The stock has a 50 day moving average price of $18.44 and a 200 day moving average price of $18.38.

TiVo Corporation (NASDAQ:TIVO) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate 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 analysts’ expectations of $192.72 million. During the same period in the prior year, the company earned $0.45 EPS. TiVo Corporation’s revenue was up 66.6% compared to the same quarter last year. Equities research analysts anticipate that TiVo Corporation will post $0.43 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, September 7th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date is Wednesday, September 6th. TiVo Corporation’s payout ratio is 240.00%.

In other news, insider Dustin Finer sold 2,369 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $18.15, for a total value of $42,997.35. Following the completion of the transaction, the insider now directly owns 53,405 shares in the company, valued at approximately $969,300.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.57% of the stock is currently owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for TiVo Corporation (NASDAQ:TIVO)

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