Insider Selling: Rosetta Stone Inc (NYSE:RST) Insider Sells 2,500 Shares of Stock

Rosetta Stone Inc (NYSE:RST) insider Nicholas C. Gaehde sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $22.69, for a total value of $56,725.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Nicholas C. Gaehde also recently made the following trade(s):

  • On Monday, June 10th, Nicholas C. Gaehde sold 2,500 shares of Rosetta Stone stock. The stock was sold at an average price of $24.68, for a total transaction of $61,700.00.
  • On Monday, April 15th, Nicholas C. Gaehde sold 2,500 shares of Rosetta Stone stock. The stock was sold at an average price of $23.59, for a total transaction of $58,975.00.

Shares of RST stock traded down $0.13 during trading hours on Friday, reaching $23.71. 65,813 shares of the company’s stock were exchanged, compared to its average volume of 209,690. The business’s 50 day moving average price is $23.57. The stock has a market cap of $548.34 million, a P/E ratio of -24.96 and a beta of 0.23. Rosetta Stone Inc has a fifty-two week low of $14.14 and a fifty-two week high of $26.88.

Rosetta Stone (NYSE:RST) last issued its quarterly earnings results on Tuesday, May 7th. The software maker reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.22. The business had revenue of $44.61 million for the quarter, compared to analyst estimates of $43.50 million. As a group, equities research analysts predict that Rosetta Stone Inc will post -0.6 earnings per share for the current fiscal year.

A number of equities analysts recently commented on RST shares. ValuEngine raised shares of Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Lake Street Capital reduced their price objective on shares of Farmer Bros from $36.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Zacks Investment Research downgraded shares of Hess Midstream Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, May 14th. Finally, Barrington Research boosted their price objective on shares of Franklin Covey from $34.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, June 28th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $28.50.

Several hedge funds have recently modified their holdings of the company. Citigroup Inc. increased its position in shares of Rosetta Stone by 14.3% during the fourth quarter. Citigroup Inc. now owns 6,587 shares of the software maker’s stock worth $108,000 after purchasing an additional 825 shares in the last quarter. Legal & General Group Plc increased its position in shares of Rosetta Stone by 34.8% during the fourth quarter. Legal & General Group Plc now owns 3,936 shares of the software maker’s stock worth $65,000 after purchasing an additional 1,016 shares in the last quarter. First Mercantile Trust Co. increased its position in shares of Rosetta Stone by 12.5% during the first quarter. First Mercantile Trust Co. now owns 12,486 shares of the software maker’s stock worth $273,000 after purchasing an additional 1,389 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Rosetta Stone during the first quarter worth $34,000. Finally, Quantamental Technologies LLC acquired a new position in shares of Rosetta Stone during the first quarter worth $46,000. 82.70% of the stock is currently owned by institutional investors and hedge funds.

Rosetta Stone Company Profile

Rosetta Stone Inc, together with its subsidiaries, provides technology-based learning products in the United States and internationally. It operates through three segments: Literacy, E&E Language, and Consumer Language. The company develops, markets, and supports a suite of language-learning, literacy, and brain fitness solutions consisting of Web-based software subscriptions, perpetual software products, online and professional services, audio practice products, and mobile applications.

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Insider Buying and Selling by Quarter for Rosetta Stone (NYSE:RST)

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