B.Riley FBR Reaffirms Their Buy Rating on TiVo Corporation (TIVO)

B.Riley FBR analyst Eric Wold reiterated a Buy rating on TiVo Corporation (TIVO) today and set a price target of $19. The company’s shares closed last Monday at $7.65, close to its 52-week low of $6.61.

Wold noted:

“of this week, we hosted a NDR with the management of TiVo Corporation (TIVO) that included Peter Halt (CFO) and Wes Gutierrez (CAO). We came away from the meetings with the belief that both the company’s underlying AEBITDA generation and opportunity to boost the global TAM and household monetization rates with “TiVo Generation 4″ remain undervalued at current levels. And with the planned spin/sale of the product segment on the horizon as well as the continued Comcast litigation only representing meaningful upside catalysts from current levels, we are reiterating our Buy rating and $19 PT.”

According to TipRanks.com, Wold has currently no stars on a ranking scale of 0-5 stars, with an average return of -8.3% and a 33.3% success rate. Wold covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, National Cinemedia, and AMC Entertainment.

Currently, the analyst consensus on TiVo Corporation is a Moderate Buy with an average price target of $19.

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The company has a one-year high of $14.20 and a one-year low of $6.61. Currently, TiVo Corporation has an average volume of 1.1M.

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

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