Rosetta Stone Inc (RST) Receives Average Recommendation of “Buy” from Analysts

Shares of Rosetta Stone Inc (NYSE:RST) have received a consensus recommendation of “Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $28.00.

RST has been the subject of several recent research reports. Zacks Investment Research lowered Rosetta Stone from a “buy” rating to a “hold” rating in a report on Friday, January 25th. ValuEngine lowered Rosetta Stone from a “strong-buy” rating to a “buy” rating in a report on Monday, February 4th. Barrington Research reiterated a “buy” rating and set a $27.00 price objective (up from $24.00) on shares of Rosetta Stone in a report on Thursday, March 7th. Finally, Lake Street Capital increased their price objective on Rosetta Stone from $21.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th.

Shares of NYSE:RST opened at $25.32 on Friday. Rosetta Stone has a 1 year low of $14.14 and a 1 year high of $26.88. The firm has a market cap of $611.23 million, a P/E ratio of -26.65 and a beta of 0.26.

Rosetta Stone (NYSE:RST) last announced its quarterly earnings data on Tuesday, May 7th. The software maker reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.22. The firm had revenue of $44.61 million for the quarter, compared to analysts’ expectations of $43.50 million. As a group, analysts predict that Rosetta Stone will post -0.6 EPS for the current year.

In other Rosetta Stone news, Director David Nierenberg sold 92,859 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $26.12, for a total transaction of $2,425,477.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider M. Sean Hartford sold 16,988 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $21.70, for a total transaction of $368,639.60. Following the transaction, the insider now directly owns 13,897 shares in the company, valued at $301,564.90. The disclosure for this sale can be found here. Insiders have sold 226,607 shares of company stock worth $5,625,167 over the last three months. Company insiders own 13.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC grew its position in shares of Rosetta Stone by 0.6% in the first quarter. Renaissance Technologies LLC now owns 1,792,900 shares of the software maker’s stock valued at $39,175,000 after purchasing an additional 10,600 shares during the last quarter. TimesSquare Capital Management LLC grew its position in shares of Rosetta Stone by 4.6% in the first quarter. TimesSquare Capital Management LLC now owns 1,685,405 shares of the software maker’s stock valued at $36,826,000 after purchasing an additional 74,680 shares during the last quarter. BlackRock Inc. grew its position in shares of Rosetta Stone by 5.3% in the first quarter. BlackRock Inc. now owns 1,428,059 shares of the software maker’s stock valued at $31,204,000 after purchasing an additional 71,488 shares during the last quarter. Vanguard Group Inc grew its position in shares of Rosetta Stone by 0.6% in the third quarter. Vanguard Group Inc now owns 1,060,995 shares of the software maker’s stock valued at $21,104,000 after purchasing an additional 6,215 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Rosetta Stone by 0.6% in the third quarter. Vanguard Group Inc. now owns 1,060,995 shares of the software maker’s stock valued at $21,104,000 after purchasing an additional 6,215 shares during the last quarter. 80.64% of the stock is currently owned by hedge funds and other institutional investors.

About Rosetta Stone

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.

Further Reading: Beige Book

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