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

StockNews.com started coverage on shares of RealNetworks (NASDAQ:RNWKGet Rating) in a research note published on Monday. The brokerage issued a hold rating on the technology company’s stock.

RealNetworks Stock Performance

Shares of NASDAQ RNWK opened at $0.72 on Monday. The stock has a market cap of $34.30 million, a price-to-earnings ratio of -1.75 and a beta of 1.22. RealNetworks has a 52 week low of $0.46 and a 52 week high of $1.27. The company’s 50-day moving average price is $0.71 and its 200 day moving average price is $0.66.

Institutional Investors Weigh In On RealNetworks

A number of large investors have recently added to or reduced their stakes in the business. Beryl Capital Management LLC acquired a new stake in RealNetworks in the 3rd quarter valued at about $2,049,000. UBS Group AG lifted its holdings in RealNetworks by 221.0% in the 3rd quarter. UBS Group AG now owns 55,675 shares of the technology company’s stock valued at $39,000 after purchasing an additional 38,331 shares in the last quarter. Virtu Financial LLC purchased a new position in RealNetworks in the 3rd quarter valued at about $32,000. FNY Investment Advisers LLC purchased a new position in RealNetworks in the 3rd quarter valued at about $31,000. Finally, CM Management LLC lifted its holdings in RealNetworks by 28.5% in 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 in the last quarter. 31.11% of the stock is owned by institutional investors and hedge funds.

About RealNetworks

(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.

See Also

Receive News & Ratings for RealNetworks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RealNetworks and related companies with MarketBeat.com's FREE daily email newsletter.