Tivo (NASDAQ:TIVO) Rating Reaffirmed
Tivo (NASDAQ:TIVO) just had their share rating of a ‘Equal-weight’ issued by research analysts at Barclays Capital, who now has a $8.00 price target on the $865.84 million market cap company or a -7.73% downside potential. This key information was revealed to investors in recent note on Friday, 11 December.
From a total of 9 analysts covering TiVo (NASDAQ:TIVO) stock, 10 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 71% of the ratings are positive. The highest target price is $20 while the lowest target price is $10. The mean of all analyst targets is $14.72 with a 46.52% above today’s ($8.62) stock price. TiVo was the topic of 5 analyst reports since September 8, 2015 according to the firm StockzIntelligence Inc. Barrington Research downgraded shares on November 25 to “Mkt Perform” rating. Barrington Research maintained shares with “Outperform” rating and $12 target share price in a report from a September 11. FBR Capital maintained TIVO stock in a recent report from September 9 with “Mkt Perform” rating.
Approximately 556,919 shares of stock traded hands. TiVo Inc. (NASDAQ:TIVO) has declined 18.31% since May 8, 2015 and is downtrending. It has underperformed by 15.29% the S&P500.
The overall sentiment of institutions has decreased to 0.75 in Q2 2015. Its down 0.38, from 1.13 in 2015Q2. The ratio fall, as 34 institutions have sold all the shares of TiVo Inc. that they owned while 53 funds have taken shares off the table. 11 funds have purchased shares for the first time while 54 added to their positions. These institutions now hold 74.45 million shares or 5.55% less than the 78.83 million shares they owned in 2015Q2.
The Fund Nichols Asset Management Llc currently is holding shares equating to 1.98% of its total portfolio in TiVo Inc. representing a total of 1.02 million shares. Another fund,Tealwood Asset Management Inc, is holding a total of 251,350 shares equating to 0.95% of their holdings. Additionally, Park West Asset Management Llc has a 1.00 million share stake in TiVo Inc. which represents 0.79% of their total portfolio. The Fund, Elk Creek Partners Llc, based out of Colorado, has also built up a stake in the stock, which represents a total of 0.58% of their total portfolio. Finally Financial & Investment Management Group Ltd, a fund which is based in the state of Michigan reported a total holdings of 216,845 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 11, 2015, shareholders of TiVo Inc. have witnessed 0 insider buys, and a total of 8 sales equating to a net activity of approximately $2.04 million . Zinn Matthew sold 11,567 shares worth approximately $107,226. Phillips Charles sold 40,000 shares worth approximately $343,588. Kovar Pavel sold 3,000 shares worth approximately $26,525. Klugman Jeffrey L sold 2,133 shares worth approximately $21,735. The company insider Rogers Thomas S sold 37,454 shares worth $400,773.
TiVo Inc. is a provider of television software services and cloud software-as-a-service solutions that enable viewers to consume content from a range of sources, across a variety of screens in and out of the home. The company has a market cap of $865.84 million. The Firm offers a whole-home solution that includes 4-Tuner and 6-Tuner digital video recorders (DVRs)/gateways, non-DVR IP set-top boxes (STBs), and software to enable streaming to application on third-party devices, such as iOS and Android mobile phones and tablets. It has 30.14 P/E ratio. The Firm generates revenues from four sources: Consumer Service, Television Service Providers (also referred to as MSOs or Pay TV Operators), Advertising and Research Services, and Licensing.
According to Zacks Investment Research, “TiVo pioneered a brand new category of products with the development of the first commercially available digital video recorder. Sold through leading consumer electronic retailers, TiVo has developed a brand which resonates boldly with consumers as providing a superior television experience. Through agreements with leading satellite and cable providers, TiVo also integrates its DVR service features into the set-top boxes of mass distributors. TiVo’s DVR functionality and ease of use, with such features as Season Pass recordings and WishList searches and TiVo KidZone, have elevated its popularity among consumers and have created a whole new way for viewers to watch television. With a continued investment in its patented technologies, TiVo is revolutionizing the way consumers watch and access home entertainment. Rapidly becoming the focal point of the digital living room, TiVo’s DVR is at the center of experiencing new forms of content on the TV, such as broadband delivered video, music and photos.” Get a free copy of the Zacks research report on TiVo Inc. (TIVO).