Rosetta Stone Inc. (NYSE:RST)’s share price fell 2.3% on Tuesday . The stock traded as low as $7.97 and last traded at $8.00, with a volume of 51,697 shares trading hands. The stock had previously closed at $8.19.

Separately, Zacks Investment Research upgraded Rosetta Stone from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th.

The firm’s 50-day moving average is $8.61 and its 200 day moving average is $7.84. The company’s market cap is $174.98 million.

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Rosetta Stone (NYSE:RST) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.41) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.67) by $0.26. Rosetta Stone had a negative return on equity of 129.51% and a negative net margin of 17.48%. The firm earned $45.70 million during the quarter, compared to the consensus estimate of $42.93 million. During the same quarter in the previous year, the company posted ($0.38) earnings per share. The business’s revenue was down 11.1% on a year-over-year basis. On average, equities analysts anticipate that Rosetta Stone Inc. will post ($1.94) earnings per share for the current year.

Hedge funds have recently made changes to their positions in the stock. Sterling Capital Management LLC bought a new stake in shares of Rosetta Stone during the second quarter valued at $718,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Rosetta Stone during the second quarter worth approximately $241,000. American Century Companies Inc. acquired a new position in shares of Rosetta Stone during the second quarter worth approximately $166,000. A.R.T. Advisors LLC acquired a new position in shares of Rosetta Stone during the second quarter worth approximately $164,000. Finally, State Street Corp increased its position in shares of Rosetta Stone by 879.1% in the second quarter. State Street Corp now owns 203,406 shares of the company’s stock worth $1,577,000 after buying an additional 182,631 shares in the last quarter. Hedge funds and other institutional investors own 72.56% of the company’s stock.

Rosetta Stone Company Profile

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.

5 Day Chart for NYSE:RST

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