Shares of RealNetworks Inc. (NASDAQ:RNWK) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus price target of $7.50 for the company and are forecasting that the company will post ($0.24) EPS for the current quarter, according to Zacks. Zacks has also assigned RealNetworks an industry rank of 59 out of 265 based on the ratings given to related companies.
Several analysts recently issued reports on the company. B. Riley reissued a “buy” rating and issued a $7.50 price target on shares of RealNetworks in a report on Tuesday, September 13th. Zacks Investment Research raised RealNetworks from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th.
In other news, insider Massimiliano Pellegrini sold 31,784 shares of RealNetworks stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $4.65, for a total transaction of $147,795.60. Following the transaction, the insider now directly owns 39,543 shares in the company, valued at approximately $183,874.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Michael Parham sold 6,000 shares of RealNetworks stock in a transaction on Friday, August 12th. The shares were sold at an average price of $4.70, for a total value of $28,200.00. The disclosure for this sale can be found here. Company insiders own 39.50% of the company’s stock.
Several institutional investors have recently modified their holdings of RNWK. Alambic Investment Management L.P. boosted its position in shares of RealNetworks by 3.6% in the second quarter. Alambic Investment Management L.P. now owns 39,950 shares of the company’s stock valued at $172,000 after buying an additional 1,385 shares during the period. Nationwide Fund Advisors boosted its position in shares of RealNetworks by 6.7% in the second quarter. Nationwide Fund Advisors now owns 41,633 shares of the company’s stock valued at $179,000 after buying an additional 2,600 shares during the period. Rhumbline Advisers boosted its position in shares of RealNetworks by 8.2% in the second quarter. Rhumbline Advisers now owns 42,422 shares of the company’s stock valued at $183,000 after buying an additional 3,208 shares during the period. Prudential Financial Inc. purchased a new position in shares of RealNetworks during the first quarter valued at about $403,000. Finally, BlackRock Investment Management LLC boosted its position in shares of RealNetworks by 9.3% in the second quarter. BlackRock Investment Management LLC now owns 94,154 shares of the company’s stock valued at $406,000 after buying an additional 7,984 shares during the period. Institutional investors own 50.88% of the company’s stock.
RealNetworks (NASDAQ:RNWK) opened at 4.34 on Friday. RealNetworks has a 52-week low of $3.04 and a 52-week high of $5.10. The firm’s market capitalization is $159.71 million. The firm has a 50-day moving average price of $4.61 and a 200 day moving average price of $4.36.
RealNetworks (NASDAQ:RNWK) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.16. The business had revenue of $29.70 million for the quarter, compared to the consensus estimate of $28.10 million. RealNetworks had a negative return on equity of 43.44% and a negative net margin of 44.74%. Analysts forecast that RealNetworks will post ($1.01) EPS for the current year.
RealNetworks, Inc (RealNetworks) is engaged in creating applications and services, which help in connecting with digital media. The Company provides the digital media services and products it creates to consumers, mobile carriers and other businesses. It operates through three segments: RealPlayer Group, Mobile Entertainment and Games.
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