Rosetta Stone Inc. (RST) Upgraded to “Buy” by Zacks Investment Research
Zacks Investment Research upgraded shares of Rosetta Stone Inc. (NYSE:RST) from a hold rating to a buy rating in a research report released on Wednesday. They currently have $9.00 price target on the stock.
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. “
Rosetta Stone (NYSE:RST) traded up 2.37% during midday trading on Wednesday, reaching $8.21. The company had a trading volume of 16,188 shares. The firm’s 50 day moving average is $8.63 and its 200 day moving average is $7.87. Rosetta Stone has a 1-year low of $6.17 and a 1-year high of $9.22. The stock’s market capitalization is $180.47 million.
Rosetta Stone (NYSE:RST) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.41) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.67) by $0.26. Rosetta Stone had a negative net margin of 17.48% and a negative return on equity of 129.51%. The firm earned $45.70 million during the quarter, compared to analysts’ expectations of $42.93 million. During the same period in the previous year, the company earned ($0.38) earnings per share. Rosetta Stone’s quarterly revenue was down 11.1% compared to the same quarter last year. On average, equities analysts anticipate that Rosetta Stone will post ($1.94) EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Sterling Capital Management LLC purchased a new position in Rosetta Stone during the second quarter valued at about $718,000. Schwab Charles Investment Management Inc. bought a new position in shares of Rosetta Stone during the second quarter valued at $241,000. American Century Companies Inc. bought a new position in shares of Rosetta Stone during the second quarter valued at $166,000. A.R.T. Advisors LLC bought a new position in shares of Rosetta Stone during the second quarter valued at $164,000. Finally, State Street Corp raised its position in shares of Rosetta Stone by 879.1% in the second quarter. State Street Corp now owns 203,406 shares of the company’s stock valued at $1,577,000 after buying an additional 182,631 shares during the last quarter. 72.56% of the stock is owned by hedge funds and other institutional investors.
About Rosetta Stone
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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