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 note issued to investors on Tuesday. The firm currently has a $10.20 price objective on the stock. Zacks‘s target price suggests a potential upside of 2.82% from the stock’s previous close.
Rosetta Stone (NYSE:RST) traded down 1.92% on Tuesday, hitting $9.73. 78,782 shares of the company’s stock traded hands. Rosetta Stone has a 52 week low of $9.20 and a 52 week high of $17.30. The stock has a 50-day moving average of $9.6 and a 200-day moving average of $11.00. The company’s market cap is $206.5 million.
Rosetta Stone (NYSE:RST) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.96) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.20) by $0.76. The company had revenue of $60.80 million for the quarter, compared to the consensus estimate of $63.55 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was down 4.9% on a year-over-year basis. On average, analysts predict that Rosetta Stone will post $-1.26 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.
To view Zacks’ full report, visit Zacks’ official website.
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.