Oberweis Asset Management Inc. raised its position in Rosetta Stone Inc (NYSE:RST) by 11.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 82,700 shares of the software maker’s stock after buying an additional 8,200 shares during the period. Oberweis Asset Management Inc. owned about 0.36% of Rosetta Stone worth $1,356,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. Citigroup Inc. boosted its holdings in Rosetta Stone by 14.3% in the 4th quarter. Citigroup Inc. now owns 6,587 shares of the software maker’s stock worth $108,000 after buying an additional 825 shares during the last quarter. Alpha Omega Wealth Management LLC boosted its holdings in shares of Rosetta Stone by 2.2% during the 4th quarter. Alpha Omega Wealth Management LLC now owns 83,380 shares of the software maker’s stock worth $1,367,000 after purchasing an additional 1,780 shares during the last quarter. Great West Life Assurance Co. Can acquired a new position in shares of Rosetta Stone during the 4th quarter worth approximately $54,000. Neuburgh Advisers LLC acquired a new position in shares of Rosetta Stone during the 4th quarter worth approximately $76,000. Finally, MetLife Investment Advisors LLC boosted its holdings in shares of Rosetta Stone by 55.2% during the 3rd quarter. MetLife Investment Advisors LLC now owns 15,272 shares of the software maker’s stock worth $304,000 after purchasing an additional 5,429 shares during the last quarter. Institutional investors own 82.55% of the company’s stock.
Several research analysts have recently weighed in on RST shares. Zacks Investment Research upgraded Rosetta Stone from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Friday, February 15th. ValuEngine cut Rosetta Stone from a “strong-buy” rating to a “buy” rating in a report on Monday, February 4th. Finally, Barrington Research restated a “buy” rating and set a $27.00 target price (up from $24.00) on shares of Rosetta Stone in a report on Thursday, March 7th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $25.75.
Rosetta Stone (NYSE:RST) last released its quarterly earnings data on Wednesday, March 6th. The software maker reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.22. The business had revenue of $44.57 million during the quarter, compared to analyst estimates of $44.00 million. As a group, research analysts forecast that Rosetta Stone Inc will post -0.68 earnings per share for the current fiscal year.
In related news, insider Nicholas C. Gaehde sold 10,092 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $23.54, for a total value of $237,565.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider M. Sean Hartford sold 16,988 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $21.70, for a total value of $368,639.60. Following the completion of the transaction, the insider now owns 13,897 shares in the company, valued at $301,564.90. The disclosure for this sale can be found here. Corporate insiders own 12.80% of the company’s stock.
About Rosetta Stone
Rosetta Stone Inc, together with its subsidiaries, provides technology-based learning products in the United States and internationally. It operates through three segments: Literacy, E&E Language, and Consumer Language. The company develops, markets, and supports a suite of language-learning, literacy, and brain fitness solutions consisting of Web-based software subscriptions, perpetual software products, online and professional services, audio practice products, and mobile applications.
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