Zacks Investment Research downgraded shares of Rosetta Stone (NYSE:RST) from a buy rating to a hold rating in a report released on Thursday, January 4th.
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 upgraded shares of Rosetta Stone from a sell rating to a hold rating in a report on Wednesday, November 29th.
Rosetta Stone (NYSE RST) traded up $0.12 during mid-day trading on Thursday, reaching $12.72. 78,400 shares of the company’s stock were exchanged, compared to its average volume of 81,762. The company has a debt-to-equity ratio of -1.36, a current ratio of 0.62 and a quick ratio of 0.59. Rosetta Stone has a fifty-two week low of $7.41 and a fifty-two week high of $13.67. The company has a market capitalization of $284.76, a PE ratio of -29.58 and a beta of 0.82.
In other news, Director David Nierenberg sold 200,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $12.01, for a total value of $2,402,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 14.50% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC lifted its stake in Rosetta Stone by 177.5% in the second quarter. Citadel Advisors LLC now owns 11,632 shares of the software maker’s stock worth $125,000 after acquiring an additional 26,632 shares during the period. GSA Capital Partners LLP purchased a new stake in Rosetta Stone in the second quarter worth about $127,000. JPMorgan Chase & Co. lifted its stake in Rosetta Stone by 882.4% in the third quarter. JPMorgan Chase & Co. now owns 12,143 shares of the software maker’s stock worth $126,000 after acquiring an additional 10,907 shares during the period. AXA purchased a new stake in Rosetta Stone in the second quarter worth about $141,000. Finally, Alliancebernstein L.P. purchased a new stake in Rosetta Stone in the second quarter worth about $146,000. 72.19% of the stock is owned by institutional investors.
About Rosetta Stone
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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