RealNetworks, Inc. (NASDAQ:RNWK) announced its earnings results on Wednesday. The technology company reported ($0.11) earnings per share for the quarter, Bloomberg Earnings reports. RealNetworks had a negative net margin of 20.48% and a negative return on equity of 36.41%. The business had revenue of $30.00 million for the quarter.
A number of equities analysts have weighed in on RNWK shares. B. Riley reaffirmed a “buy” rating and set a $6.50 target price on shares of RealNetworks in a research note on Sunday, July 23rd. Zacks Investment Research raised shares of RealNetworks from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th.
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An institutional investor recently raised its position in RealNetworks stock. State Street Corp increased its position in shares of RealNetworks, Inc. (NASDAQ:RNWK) by 6.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 470,564 shares of the technology company’s stock after acquiring an additional 27,268 shares during the quarter. State Street Corp owned about 1.26% of RealNetworks worth $2,038,000 as of its most recent SEC filing. Institutional investors and hedge funds own 51.70% of the company’s stock.
RealNetworks Company Profile
RealNetworks, Inc creates applications and services that enable to connect with digital media. The Company connects consumers with their digital media directly and through partners, focusing on supporting various network, devices, media types and social networks. It operates through three segments: Consumer Media, Mobile Services and Games.
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