Somewhat Positive News Coverage Unlikely to Impact RealNetworks (RNWK) Stock Price

News stories about RealNetworks (NASDAQ:RNWK) have been trending somewhat positive recently, according to AlphaOne Sentiment. The research group, a division of Accern, identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. RealNetworks earned a news sentiment score of 0.01 on AlphaOne’s scale. AlphaOne also gave news articles about the technology company an impact score of 30 out of 100, indicating that recent news coverage is unlikely to have an impact on the stock’s share price in the near term.

Insider Buying and Selling by Quarter for RealNetworks (NASDAQ:RNWK)

Several research firms have recently issued reports on RNWK. B. Riley reaffirmed a “buy” rating and issued a $6.50 price target on shares of RealNetworks in a research report on Saturday, May 6th. Zacks Investment Research lowered RealNetworks from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th.

RealNetworks (NASDAQ:RNWK) traded down 0.23% during trading on Tuesday, hitting $4.43. The stock had a trading volume of 8,059 shares. The stock’s market capitalization is $164.36 million. RealNetworks has a 52-week low of $3.97 and a 52-week high of $5.45. The stock’s 50-day moving average is $4.33 and its 200-day moving average is $4.71.

RealNetworks (NASDAQ:RNWK) last announced its quarterly earnings data on Wednesday, May 3rd. The technology company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by $0.05. RealNetworks had a negative return on equity of 39.74% and a negative net margin of 25.08%. The firm had revenue of $30.58 million during the quarter, compared to analysts’ expectations of $30.75 million. On average, analysts predict that RealNetworks will post ($0.82) earnings per share for the current fiscal year.

In other news, Director Dominique Trempont sold 12,842 shares of the firm’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $4.41, for a total value of $56,633.22. Following the completion of the transaction, the director now directly owns 12,780 shares in the company, valued at $56,359.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Michael Parham sold 12,500 shares of the firm’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $4.26, for a total value of $53,250.00. Following the completion of the transaction, the senior vice president now owns 23,607 shares of the company’s stock, valued at $100,565.82. The disclosure for this sale can be found here. Company insiders own 39.50% of the company’s stock.

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About RealNetworks

RealNetworks, Inc creates applications and services that enable to connect with digital media. The Company connects consumers with their digital media directly and through partners, focusing on supporting various network, devices, media types and social networks. It operates through three segments: Consumer Media, Mobile Services and Games.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:RNWK”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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