Trading Report: Today, Rovi Corp. (TIVO) Earns Buy Rating from B. Riley

Today, Rovi Corp. (TIVO) Earns Buy Rating from B. Riley

Rovi Corp. (NASDAQ:TIVO)‘s stock had its “buy” rating reiterated by B. Riley in a report issued on Monday.

Several other research firms also recently weighed in on TIVO. Jefferies Group reiterated a “buy” rating and set a $18.00 target price on shares of Rovi Corp. in a research report on Tuesday, August 9th. Albert Fried & Company reiterated a “hold” rating on shares of Rovi Corp. in a research report on Sunday, September 11th. Finally, Zacks Investment Research upgraded Rovi Corp. from a “sell” rating to a “hold” rating in a research report on Monday, November 7th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Rovi Corp. presently has an average rating of “Hold” and a consensus target price of $12.51.

Shares of Rovi Corp. (NASDAQ:TIVO) traded up 0.24% during trading on Monday, reaching $20.75. 813,114 shares of the company were exchanged. The firm has a market capitalization of $2.42 billion, a P/E ratio of 35.47 and a beta of 0.61. Rovi Corp. has a 1-year low of $10.26 and a 1-year high of $23.70. The firm’s 50 day moving average is $20.20 and its 200 day moving average is $18.97.

In other news, CEO Tom Carson sold 166,985 shares of the business’s stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $21.38, for a total transaction of $3,570,139.30. Following the sale, the chief executive officer now owns 112,178 shares in the company, valued at $2,398,365.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel M. Moloney sold 33,140 shares of the business’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $10.66, for a total value of $353,272.40. Following the sale, the director now owns 22,083 shares in the company, valued at approximately $235,404.78. The disclosure for this sale can be found here. Insiders own 5.00% of the company’s stock.

Large investors have recently modified their holdings of the company. Victory Capital Management Inc. raised 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 worth $118,000 after buying an additional 5,203 shares during the last quarter. Boston Financial Mangement LLC acquired a new stake in shares of Rovi Corp. during the second quarter worth $118,000. Sphinx Trading LP acquired a new stake in shares of Rovi Corp. during the second quarter worth $119,000. Teacher Retirement System of Texas raised its stake in shares of Rovi Corp. by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 13,773 shares of the company’s stock worth $136,000 after buying an additional 1,661 shares during the last quarter. Finally, Pacad Investment Ltd. acquired a new stake in shares of Rovi Corp. during the second quarter worth $140,000. Institutional investors and hedge funds own 93.02% of the company’s stock.

Rovi Corp. Company Profile

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