Rosetta Stone (NYSE:RST) Raised to “Strong-Buy” at ValuEngine

Rosetta Stone (NYSE:RST) was upgraded by ValuEngine from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday, ValuEngine reports.

Separately, Barrington Research reissued a “buy” rating and issued a $29.00 price objective on shares of Rosetta Stone in a report on Wednesday, August 7th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $28.50.

Shares of RST traded up $0.46 on Tuesday, reaching $17.86. The company’s stock had a trading volume of 191,243 shares, compared to its average volume of 198,640. The stock has a market capitalization of $417.95 million, a P/E ratio of -18.80 and a beta of 0.36. The stock’s 50 day simple moving average is $18.32 and its two-hundred day simple moving average is $22.06. Rosetta Stone has a 12-month low of $14.43 and a 12-month high of $26.88.

Rosetta Stone (NYSE:RST) last posted its quarterly earnings data on Tuesday, August 6th. The software maker reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.15. The business had revenue of $45.94 million during the quarter, compared to analysts’ expectations of $44.50 million. As a group, research analysts expect that Rosetta Stone will post -0.6 earnings per share for the current year.

In other Rosetta Stone news, insider Nicholas C. Gaehde sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $22.69, for a total transaction of $56,725.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Laurence Franklin sold 10,181 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $19.69, for a total transaction of $200,463.89. Following the sale, the director now owns 38,057 shares in the company, valued at approximately $749,342.33. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,181 shares of company stock worth $307,189. 13.50% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marshall Wace LLP bought a new stake in Rosetta Stone during the 1st quarter worth approximately $34,000. Bank of Montreal Can raised its position in shares of Rosetta Stone by 244.5% during the second quarter. Bank of Montreal Can now owns 2,391 shares of the software maker’s stock valued at $55,000 after buying an additional 1,697 shares during the last quarter. Quantamental Technologies LLC raised its position in shares of Rosetta Stone by 46.9% during the second quarter. Quantamental Technologies LLC now owns 3,122 shares of the software maker’s stock valued at $71,000 after buying an additional 997 shares during the last quarter. Aperio Group LLC bought a new stake in shares of Rosetta Stone during the second quarter valued at approximately $82,000. Finally, BNP Paribas Arbitrage SA raised its position in shares of Rosetta Stone by 359.1% during the first quarter. BNP Paribas Arbitrage SA now owns 4,132 shares of the software maker’s stock valued at $90,000 after buying an additional 3,232 shares during the last quarter. Institutional investors own 86.64% of the company’s stock.

About Rosetta Stone

Rosetta Stone Inc, together with its subsidiaries, provides technology-based learning products in the United States and internationally. It operates through three segments: Literacy, E&E Language, and Consumer Language. The company develops, markets, and supports a suite of language-learning, literacy, and brain fitness solutions consisting of Web-based software subscriptions, perpetual software products, online and professional services, audio practice products, and mobile applications.

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