RealNetworks, Inc. (NASDAQ:RNWK)‘s stock had its “buy” rating reaffirmed by equities researchers at B. Riley in a note issued to investors on Tuesday. They presently have a $6.50 target price on the technology company’s stock. B. Riley’s price target would indicate a potential upside of 51.16% from the company’s current price.

Separately, Zacks Investment Research cut shares of RealNetworks from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th.

Shares of RealNetworks (NASDAQ:RNWK) opened at 4.30 on Tuesday. The company’s 50 day moving average is $4.29 and its 200 day moving average is $4.69. The company’s market cap is $159.54 million. RealNetworks has a 12 month low of $4.05 and a 12 month high of $5.45.

RealNetworks (NASDAQ:RNWK) last announced its quarterly earnings results on Wednesday, May 3rd. The technology company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.20) by $0.05. RealNetworks had a negative return on equity of 39.74% and a negative net margin of 25.08%. The business had revenue of $30.58 million during the quarter, compared to analysts’ expectations of $30.75 million. On average, equities research analysts predict that RealNetworks will post ($0.82) EPS for the current fiscal year.

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In related news, Director Dominique Trempont sold 12,842 shares of the stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $4.41, for a total transaction of $56,633.22. Following the completion of the sale, the director now owns 12,780 shares of the company’s stock, valued at $56,359.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Michael Parham sold 12,500 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $4.26, for a total transaction of $53,250.00. Following the sale, the senior vice president now directly owns 23,607 shares of the company’s stock, valued at approximately $100,565.82. The disclosure for this sale can be found here. Corporate insiders own 39.50% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC boosted its stake in RealNetworks by 3.4% in the first quarter. Parametric Portfolio Associates LLC now owns 38,991 shares of the technology company’s stock worth $189,000 after buying an additional 1,298 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in RealNetworks by 1.6% in the first quarter. Bank of New York Mellon Corp now owns 108,940 shares of the technology company’s stock worth $528,000 after buying an additional 1,690 shares during the last quarter. B. Riley Financial Inc. purchased a new stake in RealNetworks during the third quarter worth approximately $237,000. Adirondack Research & Management Inc. boosted its stake in RealNetworks by 0.3% in the third quarter. Adirondack Research & Management Inc. now owns 299,296 shares of the technology company’s stock worth $1,335,000 after buying an additional 965 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in RealNetworks by 9.3% in the third quarter. Prudential Financial Inc. now owns 127,254 shares of the technology company’s stock worth $567,000 after buying an additional 10,800 shares during the last quarter. 50.63% of the stock is owned by institutional investors.

RealNetworks Company Profile

RealNetworks, Inc creates applications and services that enable to connect with digital media. The Company connects consumers with their digital media directly and through partners, focusing on supporting various network, devices, media types and social networks. It operates through three segments: Consumer Media, Mobile Services and Games.

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