TiVo (TIVO) Receives a Buy from B.Riley FBR

By Ryan Adsit

B.Riley FBR analyst Eric Wold reiterated a Buy rating on TiVo (TIVOResearch Report) today and set a price target of $19.00. The company’s shares closed last Monday at $8.27.

According to TipRanks.com, Wold has currently no stars on a ranking scale of 0-5 stars, with an average return of -3.3% and a 39.8% success rate. Wold covers the Services sector, focusing on stocks such as National Cinemedia, Cinemark Holdings, and AMC Entertainment.

TiVo has an analyst consensus of Moderate Buy, with a price target consensus of $19.00.

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Based on TiVo’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $9.54 million. In comparison, last year the company had a GAAP net loss of $22.99 million.

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TiVo Corp. provides entertainment technology, software, and services. It operates through two segments: Intellectual Property Licensing and Product.