TiVo Corporation Receives a Buy from B. Riley

By Ryan Adsit

B. Riley analyst Eric Wold reiterated a Buy rating on TiVo Corporation (NASDAQ: TIVO) yesterday and set a price target of $31. The company’s shares opened today at $19.95.

According to TipRanks.com, Wold is a 5-star analyst with an average return of 10.4% and a 56.7% success rate. Wold covers the Services sector, focusing on stocks such as Salem Communications Corp., Reading International Inc, and Cinemark Holdings Inc.

TiVo Corporation has an analyst consensus of Strong Buy, with a price target consensus of $29.

The company has a one year high of $23.40 and a one year low of $7.29. Currently, TiVo Corporation has an average volume of 1.43M.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TIVO in relation to earlier this year. Most recently, in December 2015, Glenn Welling, a Director at TIVO bought 274,417 shares for a total of $3,234,299.

Rovi Corp. discovers and personalizes digital entertainment. It provides integrated solutions and advertising and analytics services that connect consumers with entertainment. The company’s content discovery solutions include interactive program guides (IPGs), search & recommendations and cloud data services. Its metadata includes descriptive information, promotional images or other content that describe or relate to television shows, videos, movies, music, books, games or other entertainment content. It enables brands worldwide to increase reach and create a better entertainment experience across multiple screens through cloud-based discovery capabilities and emerging solutions for interactive advertising and audience analytics. The company was founded in 2007 and is headquartered in Santa Clara, CA.