Rovi Corporation (ROVI) : Zacks Investment Research ranks Rovi Corporation (ROVI) as 4, which is a Sell recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 1.4, which indicates as a Strong Buy.
Rovi Corporation (ROVI) : The highest short term price target forecast on Rovi Corporation (ROVI) is $32 and the lowest target price is $29. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $30 with a standard deviation of $1.73.
For the current week, the company shares have a recommendation consensus of Buy. Rovi Corporation (NASDAQ:ROVI): The stock opened at $20.10 on Thursday but the bulls could not build on the opening and the stock topped out at $20.18 for the day. The stock traded down to $19.76 during the day, due to lack of any buying support eventually closed down at $20.02 with a loss of -0.45% for the day. The stock had closed at $20.11 on the previous day. The total traded volume was 366,951 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP, General Counsel) of Rovi Corp, Sergeeff Pamela A. had sold 1,616 shares worth of $28,975 in a transaction dated August 1, 2016. In this transaction, 1,616 shares were sold at $17.93 per share.
Rovi Corporation is a digital entertainment technology company. The Company is focused on content discovery and personalization through its technology and intellectual property, using data and analytics to monetize interactions across various entertainment platforms. Content discovery solutions include interactive program guides (IPGs), search and recommendations, cloud data services and its database of metadata, which includes descriptive information, promotional images or other content that describe or relate to Television shows, videos, movies, music, books, games or other entertainment content. The Company also offers advertising and analytics services. The Company operates under the following segments: Intellectual Property Licensing, Products and Corporate. Its solutions are deployed around the world in the cable, satellite, consumer electronics, entertainment, media and online distribution markets.