Insider Selling: Rovi Director Sells 5,000 Shares of Stock (ROVI)
Rovi (NASDAQ:ROVI) Director Shaughnessy James P. O unloaded 5,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $22.30, for a total value of $111,500.00. Following the completion of the sale, the director now directly owns 24,787 shares in the company, valued at approximately $552,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on ROVI. Analysts at Zacks downgraded shares of Rovi from a “neutral” rating to an “underperform” rating in a research note on Tuesday. They now have a $21.10 price target on the stock. Separately, 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. Finally, 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 issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $22.87.
Rovi (NASDAQ:ROVI) traded up 2.05% on Wednesday, hitting $22.86. 315,686 shares of the company’s stock traded hands. Rovi has a 52 week low of $16.00 and a 52 week high of $25.34. The stock’s 50-day moving average is $23.29 and its 200-day moving average is $23.25. The company’s market cap is $2.081 billion.
Rovi (NASDAQ:ROVI) last issued its quarterly earnings data 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 prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts predict that Rovi will post $1.72 earnings per share 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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