Dougherty & Co Weighs in on Rosetta Stone Inc’s Q2 2019 Earnings (RST)

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Rosetta Stone Inc (NYSE:RST) – Investment analysts at Dougherty & Co issued their Q2 2019 earnings per share (EPS) estimates for shares of Rosetta Stone in a research note issued on Wednesday, May 8th. Dougherty & Co analyst S. Frankel anticipates that the software maker will post earnings of ($0.22) per share for the quarter. Dougherty & Co also issued estimates for Rosetta Stone’s FY2019 earnings at ($0.55) EPS.

Rosetta Stone (NYSE:RST) last announced its quarterly earnings data on Tuesday, May 7th. The software maker reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.22. The company had revenue of $44.61 million during the quarter, compared to analyst estimates of $43.50 million.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Rosetta Stone from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Tuesday, January 15th. ValuEngine cut shares of Rosetta Stone from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 4th. Barrington Research reiterated a “buy” rating and issued a $27.00 price objective (up previously from $24.00) on shares of Rosetta Stone in a research note on Thursday, March 7th. Finally, Lake Street Capital raised their price objective on shares of Rosetta Stone from $21.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Rosetta Stone presently has a consensus rating of “Buy” and an average target price of $27.00.

Shares of NYSE RST opened at $25.58 on Monday. Rosetta Stone has a 52 week low of $14.14 and a 52 week high of $26.88. The stock has a market capitalization of $626.94 million, a P/E ratio of -26.93 and a beta of 0.26.

A number of institutional investors and hedge funds have recently made changes to their positions in RST. Quantamental Technologies LLC acquired a new position in Rosetta Stone during the first quarter worth about $46,000. Great West Life Assurance Co. Can acquired a new position in Rosetta Stone during the fourth quarter worth about $54,000. Legal & General Group Plc raised its position in Rosetta Stone by 34.8% during the fourth quarter. Legal & General Group Plc now owns 3,936 shares of the software maker’s stock worth $65,000 after acquiring an additional 1,016 shares during the last quarter. Neuburgh Advisers LLC acquired a new position in Rosetta Stone during the fourth quarter worth about $76,000. Finally, BNP Paribas Arbitrage SA raised its position in Rosetta Stone by 359.1% during the first quarter. BNP Paribas Arbitrage SA now owns 4,132 shares of the software maker’s stock worth $90,000 after acquiring an additional 3,232 shares during the last quarter. Institutional investors own 81.06% of the company’s stock.

In other Rosetta Stone news, insider Nicholas C. Gaehde sold 2,500 shares of Rosetta Stone stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $23.59, for a total transaction of $58,975.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider M. Sean Hartford sold 16,988 shares of Rosetta Stone stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $21.70, for a total transaction of $368,639.60. Following the transaction, the insider now owns 13,897 shares of the company’s stock, valued at approximately $301,564.90. The disclosure for this sale can be found here. Insiders sold 86,121 shares of company stock valued at $1,979,388 in the last quarter. Company insiders own 13.50% 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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