Dynamic Technology Lab Private Ltd raised its position in shares of Rosetta Stone (NYSE:RST) by 59.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,701 shares of the software maker’s stock after acquiring an additional 10,733 shares during the quarter. Dynamic Technology Lab Private Ltd owned about 0.13% of Rosetta Stone worth $309,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of RST. Acadian Asset Management LLC boosted its position in 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 acquiring an additional 383,287 shares during the last quarter. Legato Capital Management LLC bought a new stake in Rosetta Stone during the second quarter valued at $2,361,000. OxFORD Asset Management LLP boosted its position in Rosetta Stone by 280.5% during the second quarter. OxFORD Asset Management LLP now owns 149,109 shares of the software maker’s stock valued at $1,607,000 after acquiring an additional 109,920 shares during the last quarter. Menta Capital LLC boosted its position in Rosetta Stone by 375.5% during the second quarter. Menta Capital LLC now owns 108,921 shares of the software maker’s stock valued at $1,174,000 after acquiring an additional 86,015 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Rosetta Stone by 4.7% during the first quarter. Renaissance Technologies LLC now owns 1,872,000 shares of the software maker’s stock valued at $18,252,000 after acquiring an additional 83,300 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.
Rosetta Stone (RST) opened at 9.94 on Friday. The stock’s 50 day moving average is $9.77 and its 200-day moving average is $10.45. The company’s market cap is $221.51 million. Rosetta Stone has a 52-week low of $6.80 and a 52-week high of $12.40.
Rosetta Stone (NYSE:RST) last released its quarterly earnings data on Tuesday, August 8th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.20. Rosetta Stone had a negative net margin of 6.06% and a negative return on equity of 926.26%. The firm had revenue of $45.91 million for the quarter, compared to analysts’ expectations of $42.23 million. During the same quarter in the previous year, the company earned ($0.41) earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year. Equities research analysts predict that Rosetta Stone will post ($0.57) EPS for the current fiscal year.
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In other news, major shareholder Osmium Partners, Llc sold 105,000 shares of Rosetta Stone stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $9.10, for a total transaction of $955,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 13.00% of the company’s stock.
A number of analysts have commented on the stock. Zacks Investment Research raised shares of Rosetta Stone from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. ValuEngine cut shares of Rosetta Stone from a “hold” rating to a “sell” rating in a research report on Friday, September 1st.
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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