Rosetta Stone Inc (NYSE:RST) insider M. Sean Hartford sold 16,988 shares of the firm’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 directly owns 13,897 shares in the company, valued at $301,564.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Rosetta Stone stock opened at $22.81 on Friday. Rosetta Stone Inc has a 12-month low of $12.74 and a 12-month high of $24.01. The stock has a market cap of $539.94 million, a price-to-earnings ratio of -24.01 and a beta of 0.14.
Rosetta Stone (NYSE:RST) last released its quarterly earnings results on Wednesday, March 6th. The software maker reported ($0.19) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.41) by $0.22. The firm had revenue of $44.57 million for the quarter, compared to analyst estimates of $44.00 million. Sell-side analysts predict that Rosetta Stone Inc will post -0.68 earnings per share for the current fiscal year.
Several equities research analysts have issued reports on RST shares. ValuEngine cut shares of Rosetta Stone from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 4th. Zacks Investment Research cut shares of Rosetta Stone from a “buy” rating to a “hold” rating in a research note on Thursday, January 17th. Finally, Barrington Research reaffirmed a “buy” rating and set a $27.00 price target (up from $24.00) on shares of Rosetta Stone in a research note on Thursday, March 7th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Rosetta Stone currently has a consensus rating of “Buy” and an average target price of $25.75.
Institutional investors have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can acquired a new stake in shares of Rosetta Stone during the 4th quarter worth about $54,000. Legal & General Group Plc lifted its holdings in shares of Rosetta Stone by 34.8% during the 4th quarter. Legal & General Group Plc now owns 3,936 shares of the software maker’s stock worth $65,000 after acquiring an additional 1,016 shares during the period. Neuburgh Advisers LLC purchased a new position in shares of Rosetta Stone during the 4th quarter worth about $76,000. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Rosetta Stone during the 4th quarter worth about $94,000. Finally, Citigroup Inc. lifted its holdings in shares of Rosetta Stone by 14.3% during the 4th quarter. Citigroup Inc. now owns 6,587 shares of the software maker’s stock worth $108,000 after acquiring an additional 825 shares during the period. 82.55% of the stock is currently owned by institutional investors.
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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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