Rovi Given Consensus Rating of “Hold” by Analysts (NASDAQ:ROVI)
Rovi (NASDAQ:ROVI) has been given a consensus recommendation of “Hold” by the eleven brokerages that are currently covering the stock, AR Network reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $22.87.
A number of analysts have recently weighed in on ROVI shares. 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.
Shares of Rovi (NASDAQ:ROVI) traded up 0.15% during mid-day trading on Thursday, hitting $22.8942. 57,058 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 has a 50-day moving average of $23.27 and a 200-day moving average of $23.25. The company’s market cap is $2.084 billion.
Rovi (NASDAQ:ROVI) last announced its 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 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.
In other Rovi news, Director Shaughnessy James P. O sold 5,000 shares of Rovi stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $22.30, for a total value of $111,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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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