Rosetta Stone Inc. (NYSE:RST) has been assigned an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Analysts have set a 12 month consensus price objective of $12.00 for the company and are anticipating that the company will post ($0.56) EPS for the current quarter, according to Zacks. Zacks has also given Rosetta Stone an industry rank of 148 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered Rosetta Stone from a “hold” rating to a “sell” rating in a research note on Saturday, July 30th.
Rosetta Stone (NYSE:RST) opened at 8.20 on Wednesday. Rosetta Stone has a one year low of $6.17 and a one year high of $9.22. The company has a 50-day moving average price of $8.65 and a 200-day moving average price of $7.85. The firm’s market capitalization is $180.25 million.
Rosetta Stone (NYSE:RST) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.41) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.67) by $0.26. Rosetta Stone had a negative return on equity of 129.51% and a negative net margin of 17.48%. The firm had revenue of $45.70 million for the quarter, compared to analyst estimates of $42.93 million. During the same period last year, the company earned ($0.38) EPS. The firm’s quarterly revenue was down 11.1% on a year-over-year basis. On average, equities research analysts anticipate that Rosetta Stone will post ($1.94) EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors raised its position in Rosetta Stone by 992.2% in the second quarter. BlackRock Fund Advisors now owns 502,494 shares of the company’s stock valued at $3,894,000 after buying an additional 456,487 shares in the last quarter. Emancipation Management LLC purchased a new position in Rosetta Stone during the second quarter valued at $2,308,000. State Street Corp raised its position in Rosetta Stone by 879.1% in the second quarter. State Street Corp now owns 203,406 shares of the company’s stock valued at $1,577,000 after buying an additional 182,631 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Rosetta Stone by 2,883.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 149,181 shares of the company’s stock valued at $1,156,000 after buying an additional 144,181 shares in the last quarter. Finally, Sterling Capital Management LLC purchased a new position in Rosetta Stone during the second quarter valued at $718,000. 72.56% of the stock is currently owned by institutional investors and hedge funds.
About Rosetta Stone
Rosetta Stone Inc (Rosetta Stone) offers personalized language and reading programs. The Company’s solutions are used by schools, businesses, government organizations and individuals around the world. Its segments include Enterprise & Education, which derives revenues from sales to educational institutions, corporations and government agencies worldwide, and Consumer, which derives revenue from sales to individuals and retail partners.
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