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Rovi (NASDAQ:ROVI) CEO Tom Carson sold 47,221 shares of Rovi stock on the open market in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $24.04, for a total transaction of $1,135,192.84. Following the completion of the transaction, the chief executive officer now directly owns 237,500 shares of the company’s stock, valued at approximately $5,709,500. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Separately, analysts at Zacks upgraded shares of Rovi from a “neutral” rating to an “outperform” rating in a research note on Wednesday, May 7th. They now have a $25.50 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $21.92.

Rovi (NASDAQ:ROVI) traded down 0.58% on Wednesday, hitting $23.96. The stock had a trading volume of 645,383 shares. Rovi has a 52-week low of $16.00 and a 52-week high of $25.34. The stock has a 50-day moving average of $23.54 and a 200-day moving average of $22.30. The company’s market cap is $2.240 billion.

Rovi (NASDAQ:ROVI) last released its earnings data on Wednesday, April 30th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.02. The company had revenue of $142.50 million for the quarter, compared to the consensus estimate of $133.22 million. Analysts expect that Rovi will post $1.71 EPS for the current fiscal year.

Rovi Corporation is focused on powering the discovery and enjoyment of digital entertainment by providing a set of integrated solutions that are embedded in its customers’ products and services and used by end consumers to simplify and guide their interaction with digital entertainment.

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