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

In a report released today, Eric Wold from B.Riley FBR maintained a Buy rating on TiVo Corporation (NASDAQ: TIVO), with a price target of $19. The company’s shares closed on Friday at $12.20, close to its 52-week low of $11.30.

Wold said:

“Amazon DVR Offering as a Threat to TIVO vs. an Opportunity Eric Wold, CFA (8/17), shares of TiVo Corporation (TIVO) fell by as much as 9.8% and closed lower by 4.3% (vs. a 40 bps rise in the Bloomberg article discussed the possibility that Amazon is developing a device that would record and store live TV and allow consumers to stream shows to their mobile devices.”

According to TipRanks.com, Wold is a 5-star analyst with an average return of 10.1% and a 60.7% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, Cinemark Holdings Inc, and National Cinemedia.

TiVo Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $22.

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The company has a one-year high of $20.18 and a one-year low of $11.30. Currently, TiVo Corporation has an average volume of 835.8K.

Based on the recent corporate insider activity of 30 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.