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Rovi (NASDAQ:ROVI) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Tuesday. They currently have a $21.10 target price on the stock. Zacks‘s target price points to a potential downside of 4.95% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Rovi in a research note on Thursday, July 31st. They now have a $27.00 price target on the stock, up previously from $24.00. Analysts at Brean Capital reiterated a “buy” rating on shares of Rovi in a research note on Thursday, July 31st. They now have a $33.00 price target on the stock, up previously from $27.00. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $22.87.

Rovi (NASDAQ:ROVI) traded up 0.32% on Tuesday, hitting $22.27. 159,005 shares of the company’s stock traded hands. Rovi has a 1-year low of $16.00 and a 1-year high of $25.34. The stock’s 50-day moving average is $23.3 and its 200-day moving average is $23.24. The company’s market cap is $2.027 billion.

Rovi (NASDAQ:ROVI) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.02. The company had revenue of $137.10 million for the quarter, compared to the consensus estimate of $127.85 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. Rovi’s revenue was up 6.1% compared to the same quarter last year. Analysts expect that Rovi will post $1.72 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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