Zacks Investment Research Lowers Rosetta Stone (RST) to Sell
Rosetta Stone (NYSE:RST) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “sell” rating in a report issued on Wednesday.
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. “
A number of other analysts have also weighed in on the company. ValuEngine upgraded Rosetta Stone from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Barrington Research restated an “outperform” rating and issued a $15.00 target price (up from $12.00) on shares of Rosetta Stone in a research note on Wednesday, May 10th.
Shares of Rosetta Stone (NYSE RST) traded up 0.7822% during trading on Wednesday, hitting $10.3201. 19,063 shares of the stock traded hands. The firm’s 50-day moving average price is $11.31 and its 200-day moving average price is $9.70. The company’s market cap is $229.09 million. Rosetta Stone has a 52 week low of $6.80 and a 52 week high of $12.40.
Rosetta Stone (NYSE:RST) last released its quarterly earnings data on Tuesday, May 9th. The software maker reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.22. Rosetta Stone had a negative return on equity of 926.26% and a negative net margin of 10.11%. The firm had revenue of $47.70 million during the quarter, compared to analyst estimates of $45.01 million. During the same period in the prior year, the company posted ($0.34) earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities research analysts anticipate that Rosetta Stone will post ($0.50) earnings per share for the current year.
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In other news, insider M. Sean Hartford sold 4,050 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $11.91, for a total value of $48,235.50. Following the completion of the sale, the insider now directly owns 18,348 shares in the company, valued at $218,524.68. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David Nierenberg sold 285,000 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $12.13, for a total value of $3,457,050.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 365,669 shares of company stock valued at $4,427,082. 14.50% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. Sterneck Capital Management LLC raised its stake in shares of Rosetta Stone by 7.5% in the first quarter. Sterneck Capital Management LLC now owns 70,540 shares of the software maker’s stock worth $688,000 after buying an additional 4,940 shares during the period. PEAK6 Investments L.P. acquired a new stake in shares of Rosetta Stone during the first quarter worth $1,757,000. KCG Holdings Inc. acquired a new stake in shares of Rosetta Stone during the first quarter worth $229,000. Renaissance Technologies LLC raised its stake in shares of Rosetta Stone by 4.7% in the first quarter. Renaissance Technologies LLC now owns 1,872,000 shares of the software maker’s stock worth $18,252,000 after buying an additional 83,300 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Rosetta Stone by 5.2% in the first quarter. Geode Capital Management LLC now owns 119,211 shares of the software maker’s stock worth $1,162,000 after buying an additional 5,898 shares during the period. Institutional investors own 70.29% 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.
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