Rosetta Stone (NYSE:RST) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday, August 9th.
According to Zacks, “Rosetta Stone Inc., based in Arlington, Va, is a leading provider of technology-based language learning solutions consisting of software, online services and audio practice tools, primarily under the Rosetta Stone brand. Rosetta Stone offers its self-study language learning solutions in 31 languages. Its customers include individuals, educational institutions, armed forces, government agencies and corporations. Rosetta Stone, Inc. also provides an online peer-to-peer practice environment, known as SharedTalk, at www.sharedtalk.com, where registered language learners meet for language exchange to practice their foreign language skills. As the leading language-learning software in the world, Rosetta Stone makes learning a new language second nature. Millions of learners in more than 150 countries have already used the company’s software to gain the confidence that comes with truly knowing a new language. “
Other analysts have also issued research reports about the stock. ValuEngine upgraded shares of Rosetta Stone from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Barrington Research reiterated an “outperform” rating and issued a $15.00 target price (up previously from $12.00) on shares of Rosetta Stone in a research report on Wednesday, May 10th.
Rosetta Stone (RST) traded down 0.11% on Wednesday, hitting $9.41. 100,357 shares of the company’s stock traded hands. Rosetta Stone has a one year low of $6.80 and a one year high of $12.40. The stock has a 50-day moving average of $10.24 and a 200-day moving average of $10.08. The stock’s market cap is $209.70 million.
Rosetta Stone (NYSE:RST) last announced its earnings results on Tuesday, August 8th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.20. Rosetta Stone had a negative net margin of 6.06% and a negative return on equity of 926.26%. The business had revenue of $45.91 million for the quarter, compared to analyst estimates of $42.23 million. During the same quarter last year, the business earned ($0.41) earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities analysts forecast that Rosetta Stone will post ($0.57) earnings per share for the current fiscal year.
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In related news, insider M. Sean Hartford sold 4,050 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $11.91, for a total transaction of $48,235.50. Following the transaction, the insider now directly owns 18,348 shares in the company, valued at $218,524.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Nierenberg sold 13,543 shares of the business’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $12.01, for a total transaction of $162,651.43. The disclosure for this sale can be found here. Insiders have sold 74,898 shares of company stock worth $900,723 over the last 90 days. 13.00% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of RST. American International Group Inc. raised its position in Rosetta Stone by 7.1% in the first quarter. American International Group Inc. now owns 11,891 shares of the software maker’s stock worth $116,000 after buying an additional 792 shares during the last quarter. Prudential Financial Inc. raised its position in Rosetta Stone by 1.4% in the first quarter. Prudential Financial Inc. now owns 67,560 shares of the software maker’s stock worth $658,000 after buying an additional 900 shares during the last quarter. Rhumbline Advisers raised its position in Rosetta Stone by 8.3% in the second quarter. Rhumbline Advisers now owns 20,632 shares of the software maker’s stock worth $222,000 after buying an additional 1,575 shares during the last quarter. Teachers Advisors LLC raised its position in Rosetta Stone by 11.6% in the second quarter. Teachers Advisors LLC now owns 33,881 shares of the software maker’s stock worth $365,000 after buying an additional 3,530 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in Rosetta Stone by 4.1% in the first quarter. California Public Employees Retirement System now owns 98,100 shares of the software maker’s stock worth $956,000 after buying an additional 3,900 shares during the last quarter. Hedge funds and other institutional investors own 72.68% of the company’s stock.
About Rosetta Stone
Rosetta Stone Inc (Rosetta Stone) offers personalized language and reading programs. The Company’s solutions are used by schools, businesses, government organizations and individuals around the world. Its segments include Enterprise & Education, which derives revenues from sales to educational institutions, corporations and government agencies worldwide, and Consumer, which derives revenue from sales to individuals and retail partners.
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