Rovi Corporation (NASDAQ:ROVI) : Zacks Investment Research ranks Rovi Corporation (NASDAQ: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 (NASDAQ:ROVI) stock is expected to deviate a maximum of $1.73 from the average target price of $30 for the short term period. 3 Street Experts have initiated coverage on the stock with the most promising target being $32 and the most muted being $29.
For the current week, the company shares have a recommendation consensus of Buy.
Rovi Corporation (NASDAQ:ROVI): On Tuesdays trading session , Opening price of the stock was $15.49 with an intraday high of $15.73. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $15.18. However, the stock managed to close at $15.21, a loss of 0.91% for the day. On the previous day, the stock had closed at $15.35. The total traded volume of the day was 1,285,341 shares.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Rovi Corp, Welling Glenn W., had purchased 200,000 shares in a transaction dated on May 11, 2016. The transaction was executed at $16.22 per share with total amount equaling $3,244,000.
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.