Rovi CFO Sells $80,343 in Stock (ROVI)
Rovi (NASDAQ:ROVI) CFO Peter Halt unloaded 3,282 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $24.48, for a total transaction of $80,343.36. Following the completion of the sale, the chief financial officer now directly owns 151,932 shares in the company, valued at approximately $3,719,295. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Rovi from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $26.70 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $22.12.
Rovi (NASDAQ:ROVI) traded up 0.21% during mid-day trading on Thursday, hitting $24.21. 359,118 shares of the company’s stock traded hands. Rovi has a one year low of $16.00 and a one year high of $25.34. The stock has a 50-day moving average of $23.98 and a 200-day moving average of $22.73. The company’s market cap is $2.263 billion.
Rovi (NASDAQ:ROVI) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ 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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