RealNetworks (NASDAQ:RNWK) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of RealNetworks (NASDAQ:RNWKGet Rating) in a research report sent to investors on Tuesday morning. The firm issued a hold rating on the technology company’s stock.

RealNetworks Price Performance

Shares of RNWK opened at $0.72 on Tuesday. The firm has a market cap of $34.43 million, a PE ratio of -1.76 and a beta of 1.23. The stock’s fifty day moving average price is $0.71 and its two-hundred day moving average price is $0.67. RealNetworks has a 1 year low of $0.46 and a 1 year high of $1.20.

Institutional Trading of RealNetworks

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Beryl Capital Management LLC bought a new stake in shares of RealNetworks during the 3rd quarter valued at $2,049,000. CM Management LLC raised its stake in shares of RealNetworks by 28.5% during the 2nd quarter. CM Management LLC now owns 2,593,688 shares of the technology company’s stock valued at $1,637,000 after purchasing an additional 575,059 shares during the period. Towerview LLC grew its position in RealNetworks by 90.5% during the second quarter. Towerview LLC now owns 100,000 shares of the technology company’s stock worth $63,000 after buying an additional 47,500 shares in the last quarter. UBS Group AG grew its position in RealNetworks by 221.0% during the third quarter. UBS Group AG now owns 55,675 shares of the technology company’s stock worth $39,000 after buying an additional 38,331 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in RealNetworks during the third quarter worth about $32,000. 31.11% of the stock is currently owned by institutional investors.

RealNetworks Company Profile

(Get Rating)

RealNetworks, Inc provides digital media software and services in the United States, Europe, and internationally. Its Consumer Media segment offers RealPlayer media player, a software that enables consumers to discover, play, download, manage, and edit digital video, stream audio and video, download and save photos and videos from the web, transfer and share content on social networks, and edit their own photo and video content.

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