TiVo (TIVO) is Downgraded by MKM Partners to Neutral, Price Target at $10.70

TiVo (TIVO) was Downgraded by MKM Partners to ” Neutral” and the brokerage firm has set the Price Target at $10.70. Earlier the firm had a rating of “Buy ” on the company shares. MKM Partners advised their investors in a research report released on Jun 1, 2016.

Many Wall Street Analysts have commented on TiVo. Shares were Downgraded by Topeka Capital Markets on May 2, 2016 to ” Hold” and Lowered the Price Target to $ 11 from a previous price target of $16 .TiVo was Downgraded by Albert Fried to ” Market Perform” on May 2, 2016.

On the company’s financial health, TiVo reported $0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on May 31, 2016. Analyst had a consensus of $0.08. The company had revenue of $99.70 million for the quarter, compared to analysts expectations of $99.55 million. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

TiVo opened for trading at $9.95 and hit $10.06 on the upside on Friday, eventually ending the session at $10.02, with a gain of 0.60% or 0.06 points. The heightened volatility saw the trading volume jump to 12,01,624 shares. Company has a market cap of $981 M.

In a different news, on Dec 18, 2015, Pavel Kovar (Principal Accounting Officer) sold 7,264 shares at $8.70 per share price. According to the SEC, on Dec 2, 2015, Charles Phillips (COO) sold 40,000 shares at $8.99 per share price. On Oct 9, 2015, Matthew Zinn (SVP & General Counsel) sold 11,567 shares at $9.27 per share price, according to the Form-4 filing with the securities and exchange commission.

TiVo Inc. (TiVo) is a provider of television software services and cloud-based 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 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. The Company 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. TiVo’s technology for enabling the TiVo service includes the TiVo service client software platform mobile apps the TiVo service infrastructure and TiVo-enabled hardware designs. The Company distributes its software technology and services through a range of consumer electronic applications and devices.


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