Rosetta Stone (NYSE:RST) major shareholder Osmium Partners, Llc sold 105,000 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $9.10, for a total value of $955,500.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Rosetta Stone (NYSE:RST) opened at 9.20 on Friday. The company’s market capitalization is $205.02 million. The stock’s 50 day moving average price is $9.54 and its 200 day moving average price is $10.27. Rosetta Stone has a 12-month low of $6.80 and a 12-month high of $12.40.
Rosetta Stone (NYSE:RST) last announced its quarterly earnings data on Tuesday, August 8th. The software maker reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.20. The firm had revenue of $45.91 million for the quarter, compared to analyst estimates of $42.23 million. Rosetta Stone had a negative net margin of 6.06% and a negative return on equity of 926.26%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.41) earnings per share. On average, equities analysts anticipate that Rosetta Stone will post ($0.57) EPS for the current fiscal year.
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Several equities analysts have recently weighed in on RST shares. Zacks Investment Research cut Rosetta Stone from a “strong-buy” rating to a “sell” rating in a report on Wednesday, July 12th. ValuEngine raised Rosetta Stone from a “sell” rating to a “hold” rating in a report on Friday, June 2nd.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC grew its holdings in shares of Rosetta Stone by 2.3% during the second quarter. Renaissance Technologies LLC now owns 1,914,400 shares of the software maker’s stock valued at $20,637,000 after buying an additional 42,400 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Rosetta Stone by 5.4% during the second quarter. Vanguard Group Inc. now owns 840,310 shares of the software maker’s stock valued at $9,059,000 after buying an additional 43,033 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Rosetta Stone by 462.7% during the second quarter. Acadian Asset Management LLC now owns 466,116 shares of the software maker’s stock valued at $5,025,000 after buying an additional 383,287 shares during the last quarter. State Street Corp grew its holdings in shares of Rosetta Stone by 14.9% during the second quarter. State Street Corp now owns 290,362 shares of the software maker’s stock valued at $3,129,000 after buying an additional 37,656 shares during the last quarter. Finally, Legato Capital Management LLC purchased a new stake in shares of Rosetta Stone during the second quarter valued at $2,361,000. 73.01% of the stock is currently owned by hedge funds and other institutional investors.
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.
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