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Rovi (NASDAQ:ROVI) Director Alan L. Earhart sold 11,213 shares of Rovi stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $23.34, for a total transaction of $261,711.42. Following the completion of the transaction, the director now directly owns 23,574 shares in the company, valued at approximately $550,217. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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, August 12th. 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 research 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. Rovi currently has a consensus rating of “Hold” and a consensus price target of $22.87.

Shares of Rovi (NASDAQ:ROVI) traded up 0.60% during mid-day trading on Thursday, hitting $23.36. The stock had a trading volume of 384,324 shares. Rovi has a 52-week low of $16.00 and a 52-week high of $25.34. The stock has a 50-day moving average of $23.13 and a 200-day moving average of $23.31. The company’s market cap is $2.126 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. 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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