Rosetta Stone (NYSE:RST) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of Rosetta Stone (NYSE:RST) from a hold rating to a buy rating in a research note issued to investors on Thursday morning, ValuEngine reports.

Several other brokerages have also issued reports on RST. Needham & Company LLC initiated coverage on shares of Rosetta Stone in a research note on Thursday. They issued a buy rating and a $20.00 target price on the stock. Barrington Research restated a buy rating and issued a $25.00 price objective on shares of Rosetta Stone in a report on Thursday, November 7th. Zacks Investment Research lowered shares of Rosetta Stone from a buy rating to a hold rating in a report on Saturday, November 2nd. Finally, Lake Street Capital reduced their price objective on shares of Rosetta Stone from $24.00 to $22.00 and set a buy rating on the stock in a research note on Thursday, November 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $22.00.

Shares of RST opened at $15.72 on Thursday. Rosetta Stone has a 12-month low of $13.76 and a 12-month high of $26.88. The firm has a market capitalization of $365.71 million, a PE ratio of -16.55 and a beta of 0.20. The stock’s fifty day simple moving average is $16.72 and its 200-day simple moving average is $19.84.

Rosetta Stone (NYSE:RST) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported ($0.12) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.19. The firm had revenue of $45.46 million during the quarter, compared to analyst estimates of $46.50 million. As a group, equities analysts predict that Rosetta Stone will post -0.6 EPS for the current fiscal year.

In other Rosetta Stone news, Director Laurence Franklin sold 10,181 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $19.69, for a total transaction of $200,463.89. Following the transaction, the director now owns 38,057 shares in the company, valued at $749,342.33. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Nicholas C. Gaehde sold 2,500 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $20.00, for a total value of $50,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,782 shares of company stock valued at $272,484. 13.50% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in the company. Marshall Wace LLP bought a new stake in Rosetta Stone in the first quarter valued at approximately $34,000. Bank of Montreal Can grew its holdings in shares of Rosetta Stone by 244.5% in the 2nd 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 period. Tower Research Capital LLC TRC grew its holdings in shares of Rosetta Stone by 237.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,337 shares of the software maker’s stock valued at $58,000 after buying an additional 2,347 shares during the period. Quantamental Technologies LLC increased its position in shares of Rosetta Stone by 46.9% in the 2nd 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 in the last quarter. Finally, Aperio Group LLC bought a new stake in shares of Rosetta Stone in the 2nd quarter valued at $82,000. 86.17% of the stock is owned by institutional investors.

Rosetta Stone Company Profile

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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