Spark Investment Management LLC Continues to Hold Stake in Rosetta Stone (RST)
Spark Investment Management LLC continued to hold its position in Rosetta Stone (NYSE:RST) during the second quarter, Holdings Channel reports. The fund owned 54,491 shares of the software maker’s stock at the end of the second quarter. Spark Investment Management LLC’s holdings in Rosetta Stone were worth $587,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp raised its position in Rosetta Stone by 12.1% in the fourth quarter. State Street Corp now owns 252,611 shares of the software maker’s stock valued at $2,252,000 after buying an additional 27,312 shares during the period. Acadian Asset Management LLC raised its position in Rosetta Stone by 65.7% in the first quarter. Acadian Asset Management LLC now owns 82,829 shares of the software maker’s stock valued at $808,000 after buying an additional 32,828 shares during the period. North Star Investment Management Corp. raised its position in Rosetta Stone by 285.7% in the first quarter. North Star Investment Management Corp. now owns 13,500 shares of the software maker’s stock valued at $132,000 after buying an additional 10,000 shares during the period. Wells Fargo & Company MN raised its position in Rosetta Stone by 13.0% in the first quarter. Wells Fargo & Company MN now owns 45,293 shares of the software maker’s stock valued at $442,000 after buying an additional 5,197 shares during the period. Finally, First Trust Advisors LP acquired a new position in Rosetta Stone during the first quarter valued at about $552,000. Hedge funds and other institutional investors own 72.87% of the company’s stock.
Rosetta Stone (RST) opened at 9.54 on Friday. The firm’s 50-day moving average is $10.45 and its 200 day moving average is $10.06. Rosetta Stone has a 52-week low of $6.80 and a 52-week high of $12.40. The stock’s market capitalization is $212.60 million.
Rosetta Stone (NYSE:RST) last posted its earnings results on Tuesday, August 8th. The software maker reported ($0.05) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.20. The company had revenue of $45.91 million for the quarter, compared to analyst estimates of $42.23 million. Rosetta Stone had a negative net margin of 6.06% and a negative return on equity of 926.26%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the business posted ($0.41) earnings per share. On average, equities analysts forecast that Rosetta Stone will post ($0.36) earnings per share for the current year.
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Several research analysts have issued reports on RST shares. Barrington Research restated an “outperform” rating and issued a $15.00 price target (up previously from $12.00) on shares of Rosetta Stone in a research report on Wednesday, May 10th. Zacks Investment Research upgraded shares of Rosetta Stone from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Wednesday, May 17th. Finally, ValuEngine upgraded shares of Rosetta Stone from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd.
In other Rosetta Stone news, insider M. Sean Hartford sold 4,050 shares of the stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $11.91, for a total value of $48,235.50. Following the sale, the insider now directly owns 18,348 shares in the company, valued at $218,524.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David Nierenberg sold 5,771 shares of the stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $12.01, for a total transaction of $69,309.71. The disclosure for this sale can be found here. Over the last quarter, insiders sold 365,669 shares of company stock worth $4,427,082. Company insiders own 13.00% of the company’s stock.
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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