Rovi Corp. (NASDAQ:TIVO) – B. Riley issued their Q3 2016 EPS estimates for shares of Rovi Corp. in a research note issued on Thursday. B. Riley analyst E. Wold expects that the brokerage will earn $0.04 per share for the quarter. B. Riley has a “Buy” rating on the stock. B. Riley also issued estimates for Rovi Corp.’s Q4 2016 earnings at $0.14 EPS, Q1 2017 earnings at $0.06 EPS, Q2 2017 earnings at $0.15 EPS, Q3 2017 earnings at $0.20 EPS, Q4 2017 earnings at $0.33 EPS and FY2017 earnings at $0.74 EPS.
TIVO has been the subject of a number of other research reports. Zacks Investment Research cut shares of Rovi Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, June 2nd. Jefferies Group reaffirmed a “buy” rating on shares of Rovi Corp. in a research note on Monday, July 18th. FBR & Co reaffirmed a “market perform” rating and set a $10.70 price objective on shares of Rovi Corp. in a research note on Wednesday, June 1st. MKM Partners cut shares of Rovi Corp. from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $12.00 to $10.70 in a research note on Wednesday, June 1st. Finally, Albert Fried & Company reaffirmed a “hold” rating on shares of Rovi Corp. in a research note on Sunday, September 11th. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $12.80.
Shares of Rovi Corp. (NASDAQ:TIVO) opened at 20.53 on Monday. The stock’s 50 day moving average is $21.04 and its 200 day moving average is $18.48. Rovi Corp. has a 1-year low of $8.01 and a 1-year high of $23.70.
A number of large investors have recently added to or reduced their stakes in TIVO. Glenmede Trust Co. NA raised its stake in Rovi Corp. by 0.3% in the first quarter. Glenmede Trust Co. NA now owns 52,767 shares of the company’s stock worth $501,000 after buying an additional 148 shares during the period. Algert Global LLC acquired a new stake in Rovi Corp. during the first quarter worth about $766,000. Spark Investment Management LLC raised its stake in Rovi Corp. by 3.9% in the first quarter. Spark Investment Management LLC now owns 620,500 shares of the company’s stock worth $5,900,000 after buying an additional 23,100 shares during the period. Lazard Asset Management LLC acquired a new stake in Rovi Corp. during the first quarter worth about $190,000. Finally, Quadrature Capital Ltd acquired a new stake in Rovi Corp. during the first quarter worth about $623,000. Institutional investors own 98.82% of the company’s stock.
In other Rovi Corp. news, CEO Naveen K. Chopra sold 100,000 shares of the stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $11.29, for a total transaction of $1,129,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William Cella sold 6,850 shares of the stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $10.29, for a total transaction of $70,486.50. Following the sale, the director now owns 105,301 shares in the company, valued at $1,083,547.29. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by insiders.
About Rovi Corp.
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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