B.Riley FBR Reiterates a Buy Rating on TiVo Corporation (TIVO)

In a report released today, Eric Wold from B.Riley FBR reiterated a Buy rating on TiVo Corporation (NASDAQ: TIVO). The company’s shares closed yesterday at $13.95.

Wold wrote:

“We are revisiting TiVo Corporation (TIVO) in order to help bring some clarity to the continued litigation/dispute with Comcast following recent rulings/decisions around a number of patents/ claims asserted against Comcast over the past few years. Given our continued belief that a positive resolution with Comcast would represent significant upside optionality to both our estimates and TIVO’s valuation (both as an ongoing public entity or as an acquisition target), we believe that potential catalysts over the next 3-6 months could begin to unlock some of this potentially meaningful value for TIVO shareholders.”

According to TipRanks.com, Wold is a 5-star analyst with an average return of 12.8% and a 64.5% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, National Cinemedia, and AMC Entertainment.

TiVo Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $25.

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Based on TiVo Corporation’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $22.87 million. In comparison, last year the company had a GAAP net loss of $4.77 million.

Based on the recent corporate insider activity of 31 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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