Several other brokerages have also issued reports on RST. Lake Street Capital upped their target price on shares of Rosetta Stone from $21.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Barrington Research reiterated a “buy” rating and issued a $29.00 target price on shares of Rosetta Stone in a research report on Wednesday. Finally, Zacks Investment Research upgraded shares of Rosetta Stone from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Tuesday, May 14th. Five investment analysts have rated the stock with a buy rating, Rosetta Stone currently has an average rating of “Buy” and an average price target of $28.50.
RST opened at $18.44 on Thursday. The firm’s fifty day moving average price is $22.78. The stock has a market cap of $485.93 million, a price-to-earnings ratio of -19.41 and a beta of 0.22. Rosetta Stone has a one year low of $14.41 and a one year high of $26.88.
In other Rosetta Stone news, insider Nicholas C. Gaehde sold 2,500 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $26.02, for a total transaction of $65,050.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thomas M. Pierno sold 111,363 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $23.95, for a total transaction of $2,667,143.85. Following the sale, the chief financial officer now owns 203,067 shares of the company’s stock, valued at $4,863,454.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 262,355 shares of company stock valued at $6,561,632. Company insiders own 13.50% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace LLP purchased a new stake in Rosetta Stone during the first quarter valued at about $34,000. Quantamental Technologies LLC purchased a new stake in Rosetta Stone during the first quarter valued at about $46,000. Legal & General Group Plc boosted 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 valued at $65,000 after buying an additional 1,016 shares during the period. Aperio Group LLC purchased a new stake in Rosetta Stone during the second quarter valued at about $82,000. Finally, BNP Paribas Arbitrage SA boosted 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 valued at $90,000 after buying an additional 3,232 shares during the period. Institutional investors and hedge funds own 82.22% 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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