Shares of Rosetta Stone Inc (NYSE:RST) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $17.62 and last traded at $17.60, with a volume of 3133 shares traded. The stock had previously closed at $17.00.
Several analysts have issued reports on the stock. Zacks Investment Research lowered shares of Rosetta Stone from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. TheStreet lowered shares of Rosetta Stone from a “c” rating to a “d-” rating in a research report on Friday, June 1st. Dougherty & Co reaffirmed a “buy” rating on shares of Rosetta Stone in a report on Tuesday, June 26th. Finally, ValuEngine raised shares of Rosetta Stone from a “buy” rating to a “strong-buy” rating in a report on Monday, June 11th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $16.67.
The firm has a market capitalization of $381.13 million, a P/E ratio of -73.22 and a beta of 0.35. The company has a current ratio of 0.49, a quick ratio of 0.47 and a debt-to-equity ratio of -0.38.
Rosetta Stone (NYSE:RST) last released its quarterly earnings data on Thursday, August 2nd. The software maker reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.22. The business had revenue of $43.50 million for the quarter, compared to the consensus estimate of $41.00 million. equities analysts predict that Rosetta Stone Inc will post -1.23 EPS for the current year.
In other news, Director George A. Logue purchased 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The stock was purchased at an average cost of $14.74 per share, with a total value of $29,480.00. Following the acquisition, the director now directly owns 2,100 shares of the company’s stock, valued at approximately $30,954. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Sonia Galindo sold 1,711 shares of Rosetta Stone stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $16.06, for a total transaction of $27,478.66. The disclosure for this sale can be found here. 12.80% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. Northern Trust Corp lifted its holdings in Rosetta Stone by 14.0% during the 2nd quarter. Northern Trust Corp now owns 235,897 shares of the software maker’s stock valued at $3,781,000 after purchasing an additional 28,952 shares during the last quarter. California Public Employees Retirement System lifted its holdings in Rosetta Stone by 15.7% during the 2nd quarter. California Public Employees Retirement System now owns 31,922 shares of the software maker’s stock valued at $512,000 after purchasing an additional 4,322 shares during the last quarter. MetLife Investment Advisors LLC bought a new position in Rosetta Stone during the 2nd quarter valued at about $158,000. Metropolitan Life Insurance Co. NY bought a new position in Rosetta Stone during the 2nd quarter valued at about $108,000. Finally, PEAK6 Investments L.P. lifted its holdings in Rosetta Stone by 140.7% during the 2nd quarter. PEAK6 Investments L.P. now owns 71,244 shares of the software maker’s stock valued at $1,142,000 after purchasing an additional 41,644 shares during the last quarter. 77.18% of the stock is owned by hedge funds and other institutional investors.
Rosetta Stone Company Profile (NYSE:RST)
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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