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Rovi (NASDAQ:ROVI) Director Ruthann Quindlen sold 9,628 shares of the company’s stock on the open market in a transaction dated Monday, August 11th. The shares were sold at an average price of $22.42, for a total value of $215,859.76. Following the sale, the director now directly owns 18,109 shares of the company’s stock, valued at approximately $406,004. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

ROVI has been the subject of a number of recent research reports. 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 investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.87.

Rovi (NASDAQ:ROVI) traded up 2.05% on Wednesday, hitting $22.86. The stock had a trading volume of 315,686 shares. Rovi has a 1-year low of $16.00 and a 1-year high of $25.34. The stock has a 50-day moving average of $23.27 and a 200-day moving average of $23.25. The company’s market cap is $2.081 billion.

Rovi (NASDAQ:ROVI) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the 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. The company’s revenue for the quarter 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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