Royce & Associates LP Holds Position in Rosetta Stone (RST)
Royce & Associates LP held its stake in Rosetta Stone (NYSE:RST) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,000 shares of the software maker’s stock at the close of the 2nd quarter. Royce & Associates LP owned 0.18% of Rosetta Stone worth $431,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. Renaissance Technologies LLC increased its holdings in Rosetta Stone by 4.7% in the first quarter. Renaissance Technologies LLC now owns 1,872,000 shares of the software maker’s stock worth $18,252,000 after purchasing an additional 83,300 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Rosetta Stone by 7.2% during the first quarter. Vanguard Group Inc. now owns 797,277 shares of the software maker’s stock valued at $7,774,000 after acquiring an additional 53,491 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Rosetta Stone by 462.7% during the second quarter. Acadian Asset Management LLC now owns 466,116 shares of the software maker’s stock valued at $5,025,000 after acquiring an additional 383,287 shares in the last quarter. Legato Capital Management LLC bought a new stake in shares of Rosetta Stone during the second quarter valued at approximately $2,361,000. Finally, PEAK6 Investments L.P. bought a new stake in shares of Rosetta Stone during the first quarter valued at approximately $1,757,000. Institutional investors and hedge funds own 73.01% of the company’s stock.
Several research firms have recently commented on RST. ValuEngine upgraded Rosetta Stone from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded Rosetta Stone from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th.
Shares of Rosetta Stone (RST) opened at 9.50 on Tuesday. The stock’s 50 day moving average price is $9.51 and its 200 day moving average price is $10.32. Rosetta Stone has a 12-month low of $6.80 and a 12-month high of $12.40. The company’s market cap is $211.71 million.
Rosetta Stone (NYSE:RST) last announced its earnings results on Tuesday, August 8th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.20. Rosetta Stone had a negative return on equity of 926.26% and a negative net margin of 6.06%. The firm had revenue of $45.91 million during the quarter, compared to analyst estimates of $42.23 million. During the same quarter in the prior year, the company earned ($0.41) EPS. The business’s revenue was up .4% compared to the same quarter last year. On average, analysts forecast that Rosetta Stone will post ($0.57) EPS for the current year.
In other news, major shareholder Osmium Partners, Llc sold 105,000 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $9.10, for a total value of $955,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 14.50% of the stock is currently owned by corporate insiders.
Rosetta Stone Company Profile
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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