Zacks Investment Research downgraded shares of Rosetta Stone (NYSE:RST) from a buy rating to a hold rating in a research note released on Thursday morning.
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 raised Rosetta Stone from a sell rating to a hold rating in a research report on Wednesday, November 29th.
In other news, Director David Nierenberg sold 77,786 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $12.06, for a total transaction of $938,099.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 13.00% of the stock is owned by insiders.
Several large investors have recently modified their holdings of RST. Russell Investments Group Ltd. boosted its holdings in shares of Rosetta Stone by 170.2% during the second quarter. Russell Investments Group Ltd. now owns 131,826 shares of the software maker’s stock worth $1,421,000 after acquiring an additional 83,031 shares during the period. Rhumbline Advisers boosted its holdings in shares of Rosetta Stone by 8.3% during the second quarter. Rhumbline Advisers now owns 20,632 shares of the software maker’s stock worth $222,000 after acquiring an additional 1,575 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Rosetta Stone by 16.3% during the second quarter. Bank of New York Mellon Corp now owns 68,973 shares of the software maker’s stock worth $744,000 after acquiring an additional 9,675 shares during the period. American Century Companies Inc. bought a new stake in shares of Rosetta Stone during the second quarter worth approximately $378,000. Finally, AXA bought a new stake in shares of Rosetta Stone during the second quarter worth approximately $141,000. Institutional investors own 72.19% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The legal version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3127312/rosetta-stone-rst-downgraded-by-zacks-investment-research-to-hold.html.
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.
Receive News & Ratings for Rosetta Stone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rosetta Stone and related companies with MarketBeat.com's FREE daily email newsletter.