Rosetta Stone (NYSE:RST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports. The brokerage presently has a $29.00 price target on the software maker’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 14.81% from the stock’s current price.
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. “
A number of other equities research analysts have also weighed in on the company. Lake Street Capital boosted their price target on Rosetta Stone from $21.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. ValuEngine upgraded Rosetta Stone from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 1st. Finally, Barrington Research restated a “buy” rating and set a $27.00 price target (up previously from $24.00) on shares of Rosetta Stone in a research note on Thursday, March 7th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $28.00.
RST opened at $25.26 on Tuesday. Rosetta Stone has a 1 year low of $14.14 and a 1 year high of $26.88. The stock has a market capitalization of $609.32 million, a price-to-earnings ratio of -26.59 and a beta of 0.26.
Rosetta Stone (NYSE:RST) last posted its earnings results on Tuesday, May 7th. The software maker reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.22. The company had revenue of $44.61 million during the quarter, compared to analysts’ expectations of $43.50 million. As a group, equities research analysts expect that Rosetta Stone will post -0.6 EPS for the current fiscal year.
In other news, insider M. Sean Hartford sold 16,988 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $21.70, for a total transaction of $368,639.60. Following the sale, the insider now owns 13,897 shares in the company, valued at $301,564.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Nierenberg sold 35,735 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $23.49, for a total value of $839,415.15. The disclosure for this sale can be found here. Insiders have sold 181,480 shares of company stock worth $4,469,915 in the last 90 days. Insiders own 13.50% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Marshall Wace LLP acquired a new stake in shares of Rosetta Stone during the first quarter worth about $34,000. Quantamental Technologies LLC acquired a new stake in shares of Rosetta Stone during the first quarter worth about $46,000. Great West Life Assurance Co. Can acquired a new stake in shares of Rosetta Stone during the fourth quarter worth about $54,000. Legal & General Group Plc lifted its holdings 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 during the period. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Rosetta Stone by 359.1% during the first quarter. BNP Paribas Arbitrage SA now owns 4,132 shares of the software maker’s stock worth $90,000 after purchasing an additional 3,232 shares during the period. Institutional investors and hedge funds own 80.64% of the company’s stock.
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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