Rosetta Stone Inc. (NYSE:RST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The firm presently has a $12.00 target price on the software maker’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 11.58% from the stock’s previous close.

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. “

Separately, ValuEngine downgraded Rosetta Stone from a “hold” rating to a “sell” rating in a report on Friday, September 1st.

Shares of Rosetta Stone (RST) traded up $0.06 on Wednesday, reaching $10.79. 57,484 shares of the company’s stock were exchanged, compared to its average volume of 75,272. The company has a debt-to-equity ratio of -1.36, a quick ratio of 0.59 and a current ratio of 0.62. Rosetta Stone has a twelve month low of $7.41 and a twelve month high of $12.40.

Rosetta Stone (NYSE:RST) last issued its quarterly earnings results on Tuesday, August 8th. The software maker reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.20. The business had revenue of $45.91 million for the quarter, compared to analyst estimates of $42.23 million. During the same quarter in the previous year, the business posted ($0.41) earnings per share. The business’s revenue was up .4% on a year-over-year basis. equities analysts predict that Rosetta Stone will post -0.46 earnings per share for the current year.

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In other Rosetta Stone news, major shareholder Osmium Partners, Llc sold 105,000 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $9.10, for a total transaction of $955,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 13.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its position in shares of Rosetta Stone by 20.8% during the 3rd quarter. Wells Fargo & Company MN now owns 48,442 shares of the software maker’s stock worth $494,000 after purchasing an additional 8,346 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Rosetta Stone by 882.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 12,143 shares of the software maker’s stock worth $126,000 after purchasing an additional 10,907 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Rosetta Stone by 4.0% during the 3rd quarter. New York State Common Retirement Fund now owns 308,966 shares of the software maker’s stock worth $3,155,000 after purchasing an additional 12,000 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Rosetta Stone by 70.0% during the 3rd quarter. American Century Companies Inc. now owns 59,606 shares of the software maker’s stock worth $609,000 after purchasing an additional 24,546 shares in the last quarter. Finally, Strs Ohio boosted its position in shares of Rosetta Stone by 18.7% during the 3rd quarter. Strs Ohio now owns 67,400 shares of the software maker’s stock worth $688,000 after purchasing an additional 10,600 shares in the last quarter. 73.37% of the stock is currently owned by institutional investors.

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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