Rosetta Stone (NYSE:RST) Upgraded to Hold at Zacks Investment Research

Rosetta Stone (NYSE:RST) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Rosetta Stone Inc., based in Arlington, Va, is a leading provider of technology-based language learning solutions consisting of software, online services and audio practice tools, primarily under the Rosetta Stone brand. Rosetta Stone offers its self-study language learning solutions in 31 languages. Its customers include individuals, educational institutions, armed forces, government agencies and corporations. Rosetta Stone, Inc. also provides an online peer-to-peer practice environment, known as SharedTalk, at www.sharedtalk.com, where registered language learners meet for language exchange to practice their foreign language skills. As the leading language-learning software in the world, Rosetta Stone makes learning a new language second nature. Millions of learners in more than 150 countries have already used the company’s software to gain the confidence that comes with truly knowing a new language. “

Other equities analysts have also recently issued reports about the company. ValuEngine upgraded Rosetta Stone from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Barrington Research reiterated an “outperform” rating and set a $15.00 target price (up from $12.00) on shares of Rosetta Stone in a research note on Wednesday, May 10th.

Shares of Rosetta Stone (RST) traded up 1.16% on Wednesday, reaching $9.61. 80,982 shares of the company’s stock traded hands. The stock’s market capitalization is $214.16 million. Rosetta Stone has a 52 week low of $6.80 and a 52 week high of $12.40. The stock’s 50-day moving average price is $10.48 and its 200-day moving average price is $10.05.

Rosetta Stone (NYSE:RST) last released its earnings results on Tuesday, August 8th. The software maker reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.20. The company had revenue of $45.91 million during the quarter, compared to analysts’ expectations of $42.23 million. Rosetta Stone had a negative return on equity of 926.26% and a negative net margin of 6.06%. The business’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.41) EPS. Equities analysts predict that Rosetta Stone will post ($0.36) EPS for the current year.

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In other news, Director David Nierenberg sold 285,000 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $12.13, for a total transaction of $3,457,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider M. Sean Hartford sold 4,050 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $11.91, for a total value of $48,235.50. Following the transaction, the insider now owns 18,348 shares of the company’s stock, valued at $218,524.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 365,669 shares of company stock valued at $4,427,082. Company insiders own 13.00% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new position in shares of Rosetta Stone during the fourth quarter valued at about $449,000. State Street Corp boosted its position in shares of Rosetta Stone by 12.1% in the fourth quarter. State Street Corp now owns 252,611 shares of the software maker’s stock valued at $2,252,000 after buying an additional 27,312 shares during the period. VNBTrust National Association boosted its position in shares of Rosetta Stone by 37.5% in the first quarter. VNBTrust National Association now owns 478,923 shares of the software maker’s stock valued at $4,670,000 after buying an additional 130,737 shares during the period. Acadian Asset Management LLC boosted its position in shares of Rosetta Stone by 65.7% in the first quarter. Acadian Asset Management LLC now owns 82,829 shares of the software maker’s stock valued at $808,000 after buying an additional 32,828 shares during the period. Finally, North Star Investment Management Corp. boosted its position in shares of Rosetta Stone by 285.7% in the first quarter. North Star Investment Management Corp. now owns 13,500 shares of the software maker’s stock valued at $132,000 after buying an additional 10,000 shares during the period. Hedge funds and other institutional investors own 72.87% 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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