Insider Selling: Rosetta Stone Insider Sells 1,572 Shares of Stock (RST)
Rosetta Stone (NYSE:RST) Insider Judy Verses unloaded 1,572 shares of the stock on the open market in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $16.16, for a total transaction of $25,403.52. Following the transaction, the insider now directly owns 22,861 shares in the company, valued at approximately $369,434. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on RST shares. Analysts at Zacks upgraded shares of Rosetta Stone from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $18.60 price target on the stock. Analysts at Sidoti upgraded shares of Rosetta Stone from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, September 3rd.
Shares of Rosetta Stone (NYSE:RST) traded up 2.35% during mid-day trading on Thursday, hitting $16.10. The stock had a trading volume of 76,459 shares. Rosetta Stone has a 52 week low of $10.52 and a 52 week high of $18.30. The stock has a 50-day moving average of $16.06 and a 200-day moving average of $16.11. The company’s market cap is $350.9 million.
Rosetta Stone (NYSE:RST) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.12) by $0.09. The company had revenue of $62.10 million for the quarter, compared to the consensus estimate of $63.58 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts predict that Rosetta Stone will post $-0.05 earnings per share for the current fiscal year.
Rosetta Stone Inc, is a provider of technology-based language learning solutions. The Company develops , markets, and sells language-learning solutions consisting of software, online services, mobile applications and audio practice tools primarily under its Rosetta Stone brand.
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