Analyst Price Target Update on Rovi Corporation (NASDAQ:ROVI)

Rovi Corporation (NASDAQ:ROVI): The stock price is expected to reach $ 30 in the short term. The number of analysts agreeing with this consensus is 3. The higher estimate for the short term price target is at $32 while the lower estimate is at $29. The standard deviation of the price stands at $1.73.

For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Rovi Corp, Welling Glenn W. had purchased shares worth of $3,244,000 in a transaction dated on May 11, 2016. A total of 200,000 shares were purchased at a price of $16.22 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Rovi Corporation (NASDAQ:ROVI) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.35 points or 2.2% at $15.59 with 1,679,312 shares getting traded. Post opening the session at $15.84, the shares hit an intraday low of $15.06 and an intraday high of $15.84 and the price was in this range throughout the day. The company has a market cap of $1,299 million and the number of outstanding shares have been calculated to be 83,296,263 shares. The 52-week high of Rovi Corporation (NASDAQ:ROVI) is $23.6964 and the 52-week low is $8.01.

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.

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