RealNetworks, Inc. (RNWK) Posts Quarterly Earnings Results
RealNetworks, Inc. (NASDAQ:RNWK) released its earnings results on Wednesday. The technology company reported ($0.11) EPS for the quarter, Bloomberg Earnings reports. RealNetworks had a negative return on equity of 36.41% and a negative net margin of 20.48%. The firm had revenue of $30.00 million during the quarter.
A hedge fund recently raised its stake in RealNetworks stock. State Street Corp boosted its stake in RealNetworks, Inc. (NASDAQ:RNWK) by 6.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 470,564 shares of the technology company’s stock after buying an additional 27,268 shares during the period. State Street Corp owned 1.26% of RealNetworks worth $2,038,000 at the end of the most recent quarter. 51.70% of the stock is currently owned by institutional investors.
RNWK has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of RealNetworks from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. B. Riley reiterated a “buy” rating and issued a $6.50 price objective on shares of RealNetworks in a research note on Sunday, July 23rd.
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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