TiVo (NASDAQ: TIVO) announced its earnings results on Tuesday. The company reported ($0.13) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.12) by $0.01. The company had revenue of $65.70 million for the quarter, compared to the consensus estimate of $64.78 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 31.4% on a year-over-year basis.
TIVO has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of TiVo from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, February 19th. They now have a $16.00 price target on the stock. On a related note, analysts at Brean Murray reiterated a “buy” rating on shares of TiVo in a research note to investors on Wednesday, February 6th. They now have a $15.00 price target on the stock. Finally, analysts at Brean Murray reiterated a “buy” rating on shares of TiVo in a research note to investors on Thursday, December 20th. They now have a $15.00 price target on the stock.
Fourteen analysts have rated the stock with a buy rating, and one has given a hold rating to the company’s stock. The company presently has a consensus rating of “buy” and an average target price of $14.88.
Shares of TiVo (TIVO) traded up 1.45% during mid-day trading on Tuesday, hitting $12.418. TiVo (TIVO) has a one year low of $7.75 and a one year high of $13.49. The stock’s 50-day moving average is currently $12.67. The company has a market cap of $1.538 billion and a P/E ratio of 82.15.
TiVo Inc. (TiVo) a developer and provider of software and technology that enables the search, navigation, and access of content across sources, including linear television, on-demand television, and broadband video.
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