Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Rosetta Stone (RST) Share Price
Media headlines about Rosetta Stone (NYSE:RST) have trended somewhat positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rosetta Stone earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the software maker an impact score of 47.6574544089772 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several brokerages have recently weighed in on RST. Zacks Investment Research downgraded shares of Rosetta Stone from a “strong-buy” rating to a “sell” rating in a research report on Wednesday, July 12th. ValuEngine upgraded shares of Rosetta Stone from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Barrington Research restated an “outperform” rating and set a $15.00 price objective (up previously from $12.00) on shares of Rosetta Stone in a research report on Wednesday, May 10th.
Shares of Rosetta Stone (NYSE RST) opened at 9.20 on Friday. Rosetta Stone has a 52-week low of $6.80 and a 52-week high of $12.40. The stock’s market cap is $205.02 million. The company has a 50-day moving average of $9.95 and a 200 day moving average of $10.17.
Rosetta Stone (NYSE:RST) last announced its quarterly earnings data on Tuesday, August 8th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $42.23 million. During the same period last year, the business posted ($0.41) earnings per share. The firm’s revenue for the quarter was up .4% on a year-over-year basis. Equities research analysts forecast that Rosetta Stone will post ($0.57) EPS for the current fiscal year.
In related news, insider M. Sean Hartford sold 4,050 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $11.91, for a total transaction of $48,235.50. Following the transaction, the insider now directly owns 18,348 shares in the company, valued at $218,524.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Nierenberg sold 13,543 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $12.01, for a total value of $162,651.43. The disclosure for this sale can be found here. Insiders have sold 74,391 shares of company stock worth $894,735 over the last 90 days. 13.00% of the stock is currently owned by company insiders.
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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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