TiVo (TIVO) is Downgraded by Albert Fried to Market Perform

TiVo (TIVO) was Downgraded by Albert Fried to ” Market Perform”. Earlier the firm had a rating of “Overweight ” on the company shares. Albert Fried advised their investors in a research report released on May 2, 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 .Shares were Reiterated by FBR Capital on Mar 2, 2016 to “Mkt Perform” and Lowered the Price Target to $ 9.50 from a previous price target of $10 .Shares were Reiterated by MKM Partners on Mar 2, 2016 to “Buy” and Lowered the Price Target to $ 12 from a previous price target of $12.50 .

On the company’s financial health, TiVo reported $0.06 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Nov 24, 2015. Analyst had a consensus of $0.08. The company had revenue of $102.80 million for the quarter, compared to analysts expectations of $101.17 million. The company’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.

TiVo closed down -0.02 points or -0.22% at $9.23 with 7,27,224 shares getting traded on Wednesday. Post opening the session at $9.22, the shares hit an intraday low of $9.12 and an intraday high of $9.28 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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