Rovi Corp. (NASDAQ:TIVO) has received an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the firm. Ten investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $13.18.
TIVO has been the topic of a number of research reports. Albert Fried & Company reaffirmed a “hold” rating on shares of Rovi Corp. in a research note on Sunday, September 11th. Jefferies Group reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Rovi Corp. in a research note on Monday, August 15th. Finally, B. Riley reaffirmed a “buy” rating on shares of Rovi Corp. in a research note on Tuesday, September 27th.
In other Rovi Corp. news, CEO Naveen K. Chopra sold 100,000 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $11.29, for a total value of $1,129,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Daniel M. Moloney sold 33,140 shares of the company’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $10.66, for a total value of $353,272.40. Following the completion of the transaction, the director now directly owns 22,083 shares in the company, valued at approximately $235,404.78. The disclosure for this sale can be found here. 5.00% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in shares of Rovi Corp. by 2.7% in the first quarter. Wellington Management Group LLP now owns 6,272,335 shares of the company’s stock valued at $59,650,000 after buying an additional 162,656 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Rovi Corp. during the first quarter valued at $190,000. Nomura Holdings Inc. boosted its stake in shares of Rovi Corp. by 2,340.9% in the second quarter. Nomura Holdings Inc. now owns 496,317 shares of the company’s stock valued at $4,905,000 after buying an additional 475,984 shares in the last quarter. Kassirer Asset Management Corp purchased a new stake in shares of Rovi Corp. during the second quarter valued at $495,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Rovi Corp. by 77.3% in the second quarter. Victory Capital Management Inc. now owns 11,930 shares of the company’s stock valued at $118,000 after buying an additional 5,203 shares in the last quarter. 81.51% of the stock is currently owned by institutional investors.
Shares of Rovi Corp. (NASDAQ:TIVO) opened at 19.58 on Wednesday. Rovi Corp. has a 52 week low of $8.01 and a 52 week high of $23.70. The company has a 50-day moving average price of $20.93 and a 200-day moving average price of $18.42. The stock’s market cap is $1.61 billion.
Rovi Corp. Company Profile
TiVo Inc (TiVo) is a provider of video technology software services and cloud-based software-as-a-service solutions. The Company’s software and cloud-based services provide an all-in-one approach for navigating content chaos by combining live, recorded, Video on demand (VOD) and over-the-top content into an intuitive user interface with search, discovery, viewing and recording, creating a unified viewing experience.
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