Rosetta Stone Inc (NYSE:RST) insider Nicholas C. Gaehde sold 2,500 shares of Rosetta Stone stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $26.02, for a total value of $65,050.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Nicholas C. Gaehde also recently made the following trade(s):
On Monday, April 15th, Nicholas C. Gaehde sold 2,500 shares of Rosetta Stone stock. The stock was sold at an average price of $23.59, for a total value of $58,975.00.
On Wednesday, March 13th, Nicholas C. Gaehde sold 10,092 shares of Rosetta Stone stock. The stock was sold at an average price of $23.54, for a total value of $237,565.68.
Shares of RST stock opened at $25.26 on Thursday. The stock has a market capitalization of $609.32 million, a P/E ratio of -26.59 and a beta of 0.26. Rosetta Stone Inc has a 52-week low of $14.14 and a 52-week high of $26.88.
Rosetta Stone (NYSE:RST) last issued its quarterly earnings results on Tuesday, May 7th. The software maker reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.22. The company had revenue of $44.61 million during the quarter, compared to analyst estimates of $43.50 million. Equities analysts expect that Rosetta Stone Inc will post -0.6 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in RST. AltraVue Capital LLC purchased a new stake in Rosetta Stone in the 4th quarter valued at approximately $10,613,000. Millennium Management LLC purchased a new stake in Rosetta Stone in the 4th quarter valued at approximately $3,686,000. The Manufacturers Life Insurance Company boosted its holdings in Rosetta Stone by 147.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 338,688 shares of the software maker’s stock valued at $7,400,000 after purchasing an additional 201,544 shares in the last quarter. BlackRock Inc. boosted its holdings in Rosetta Stone by 14.4% in the 4th quarter. BlackRock Inc. now owns 1,356,571 shares of the software maker’s stock valued at $22,249,000 after purchasing an additional 170,751 shares in the last quarter. Finally, Schwartz Investment Counsel Inc. boosted its holdings in Rosetta Stone by 26.7% in the 1st quarter. Schwartz Investment Counsel Inc. now owns 609,309 shares of the software maker’s stock valued at $13,313,000 after purchasing an additional 128,291 shares in the last quarter. 80.64% of the stock is currently owned by institutional investors.
RST has been the topic of several recent research reports. Zacks Investment Research cut Rosetta Stone from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. ValuEngine upgraded Rosetta Stone from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 1st. Barrington Research restated a “buy” rating and issued a $27.00 price target (up previously from $24.00) on shares of Rosetta Stone in a research report on Thursday, March 7th. Finally, Lake Street Capital boosted their price target on Rosetta Stone from $21.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Rosetta Stone currently has a consensus rating of “Buy” and an average price target of $28.00.
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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