Rosetta Stone Rating Increased to Neutral at Zacks (RST)
Rosetta Stone (NYSE:RST) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Friday, Analyst Ratings Network reports. The firm currently has a $12.60 price objective on the stock. Zacks‘ target price would suggest a potential upside of 2.19% from the company’s current price.
Shares of Rosetta Stone (NYSE:RST) traded down 0.57% during mid-day trading on Friday, hitting $12.26. The stock had a trading volume of 31,086 shares. Rosetta Stone has a 52 week low of $11.34 and a 52 week high of $18.30. The stock’s 50-day moving average is $12.00 and its 200-day moving average is $14.83. The company’s market cap is $268.4 million.
Rosetta Stone (NYSE:RST) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.12) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.10) by $0.02. The company had revenue of $60.87 million for the quarter, compared to the consensus estimate of $70.58 million. During the same quarter in the prior year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was down 5.3% on a year-over-year basis.
Separately, analysts at Barrington Research cut their price target on shares of Rosetta Stone from $20.00 to $16.00 in a research note to investors on Monday, November 11th.
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.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.