Rosetta Stone (RST) Hits New 1-Year High and Low at $16.56

Rosetta Stone (NYSE:RST) hit a new 52-week high and low during trading on Thursday . The company traded as low as $16.56 and last traded at $16.43, with a volume of 7635 shares trading hands. The stock had previously closed at $16.21.

A number of equities research analysts have recently commented on the stock. Lake Street Capital reaffirmed a “buy” rating and issued a $16.00 target price (up from $14.00) on shares of Rosetta Stone in a report on Monday, March 19th. Zacks Investment Research raised shares of Rosetta Stone from a “sell” rating to a “hold” rating in a report on Thursday, April 12th. TheStreet raised shares of Rosetta Stone from a “d-” rating to a “c” rating in a report on Tuesday, April 10th. ValuEngine upgraded shares of Rosetta Stone from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Barrington Research reiterated an “outperform” rating and set a $17.00 price target (up from $15.00) on shares of Rosetta Stone in a research note on Thursday, March 8th. Four analysts have rated the stock with a buy rating, Rosetta Stone has an average rating of “Buy” and an average price target of $16.67.

The company has a current ratio of 0.52, a quick ratio of 0.51 and a debt-to-equity ratio of -1.11. The company has a market capitalization of $361.55 million, a PE ratio of -71.52 and a beta of 0.52.

Rosetta Stone (NYSE:RST) last issued its quarterly earnings results on Wednesday, March 7th. The software maker reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.15. The firm had revenue of $44.79 million for the quarter, compared to analyst estimates of $46.75 million. research analysts expect that Rosetta Stone will post -1.28 EPS for the current fiscal year.

In other news, insider M. Sean Hartford sold 8,715 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $13.86, for a total transaction of $120,789.90. Following the transaction, the insider now directly owns 15,496 shares in the company, valued at $214,774.56. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 13.00% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of RST. Wells Fargo & Company MN grew its position in Rosetta Stone by 20.8% during the third quarter. Wells Fargo & Company MN now owns 48,442 shares of the software maker’s stock worth $494,000 after buying an additional 8,346 shares during the period. Dimensional Fund Advisors LP grew its position in 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 buying an additional 7,815 shares during the period. Schwab Charles Investment Management Inc. grew its position in Rosetta Stone by 90.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 59,068 shares of the software maker’s stock worth $737,000 after buying an additional 28,068 shares during the period. Bessemer Group Inc. acquired a new position in Rosetta Stone during the fourth quarter worth about $273,000. Finally, Algert Global LLC grew its position in Rosetta Stone by 159.6% during the fourth quarter. Algert Global LLC now owns 147,115 shares of the software maker’s stock worth $1,835,000 after buying an additional 90,439 shares during the period. Institutional investors own 73.41% 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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