Rosetta Stone Inc (NYSE:RST) insider M. Sean Hartford sold 8,715 shares of Rosetta Stone stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $13.86, for a total transaction of $120,789.90. Following the sale, the insider now owns 15,496 shares of the company’s stock, valued at $214,774.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Rosetta Stone stock traded down $0.06 during mid-day trading on Thursday, reaching $13.45. 115,048 shares of the company’s stock were exchanged, compared to its average volume of 141,594. The firm has a market capitalization of $298.81, a PE ratio of -192.12 and a beta of 0.69. The company has a current ratio of 0.61, a quick ratio of 0.59 and a debt-to-equity ratio of 0.76. Rosetta Stone Inc has a 1 year low of $8.70 and a 1 year high of $14.81.
Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in 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 in the last quarter. Emancipation Management LLC lifted its position in shares of Rosetta Stone by 2.8% during the fourth quarter. Emancipation Management LLC now owns 182,452 shares of the software maker’s stock worth $2,275,000 after purchasing an additional 5,000 shares in the last quarter. State Street Corp lifted its position 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 worth $3,129,000 after purchasing an additional 37,656 shares in the last quarter. EAM Investors LLC acquired a new position in shares of Rosetta Stone during the fourth quarter worth $2,598,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Rosetta Stone by 3.1% during the third quarter. Dimensional Fund Advisors LP now owns 261,539 shares of the software maker’s stock worth $2,670,000 after purchasing an additional 7,815 shares in the last quarter. 71.19% of the stock is currently owned by hedge funds and other institutional investors.
RST has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Rosetta Stone from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. ValuEngine upgraded shares of Rosetta Stone from a “sell” rating to a “hold” rating in a report on Wednesday, November 29th. Lake Street Capital restated a “buy” rating and issued a $16.00 target price (up from $14.00) on shares of Rosetta Stone in a report on Monday. Finally, Barrington Research reaffirmed an “outperform” rating and set a $17.00 price target (up from $15.00) on shares of Rosetta Stone in a research report on Thursday, March 8th.
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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