Rosetta Stone Inc. (NYSE:RST) has earned a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.
Analysts have set a 12 month consensus target price of $12.00 for the company and are anticipating that the company will post ($0.56) earnings per share for the current quarter, according to Zacks. Zacks has also given Rosetta Stone an industry rank of 162 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered Rosetta Stone from a “buy” rating to a “hold” rating in a research report on Wednesday, October 5th.
Shares of Rosetta Stone (NYSE:RST) traded up 0.99% during midday trading on Monday, reaching $8.19. 4,126 shares of the company traded hands. The firm’s market capitalization is $180.03 million. Rosetta Stone has a 1-year low of $6.17 and a 1-year high of $9.22. The stock has a 50 day moving average price of $8.51 and a 200 day moving average price of $7.93.
Rosetta Stone (NYSE:RST) last announced its earnings results on Wednesday, August 3rd. The company reported ($0.41) earnings per share (EPS) for the quarter, beating 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 quarter last year, the firm posted ($0.38) EPS. The business’s revenue was down 11.1% on a year-over-year basis. Analysts expect that Rosetta Stone will post ($1.94) earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Fund Advisors raised its position in shares of Rosetta Stone by 992.2% in the second quarter. BlackRock Fund Advisors now owns 502,494 shares of the company’s stock worth $3,894,000 after buying an additional 456,487 shares during the period. BlackRock Investment Management LLC raised its position in shares of Rosetta Stone by 2,240.8% in the second quarter. BlackRock Investment Management LLC now owns 72,963 shares of the company’s stock worth $565,000 after buying an additional 69,846 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Rosetta Stone by 9.3% in the second quarter. Vanguard Group Inc. now owns 612,226 shares of the company’s stock worth $4,745,000 after buying an additional 51,946 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Rosetta Stone by 1.4% in the second quarter. Prudential Financial Inc. now owns 64,100 shares of the company’s stock worth $497,000 after buying an additional 900 shares during the last quarter. Finally, Nationwide Fund Advisors raised its position in shares of Rosetta Stone by 119.5% in the second quarter. Nationwide Fund Advisors now owns 22,174 shares of the company’s stock worth $172,000 after buying an additional 12,074 shares during the last quarter. Hedge funds and other institutional investors own 72.56% of the company’s stock.
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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