Rosetta Stone Inc (RST) Given Average Recommendation of “Buy” by Brokerages

Shares of Rosetta Stone Inc (NYSE:RST) have received an average recommendation of “Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $24.67.

RST has been the subject of a number of research analyst reports. Dougherty & Co reiterated a “buy” rating and issued a $30.00 price target (up previously from $20.00) on shares of Rosetta Stone in a report on Monday, October 1st. Lake Street Capital set a $21.00 price target on shares of Rosetta Stone and gave the company a “buy” rating in a report on Wednesday, November 7th. Finally, Barrington Research reiterated a “buy” rating and issued a $23.00 price target on shares of Rosetta Stone in a report on Friday, October 5th.

Rosetta Stone stock traded up $0.13 during trading hours on Friday, reaching $16.71. 352,154 shares of the stock were exchanged, compared to its average volume of 205,963. The company has a market cap of $382.02 million, a P/E ratio of -72.65 and a beta of 0.28. Rosetta Stone has a 52-week low of $11.62 and a 52-week high of $21.54.

Rosetta Stone (NYSE:RST) last announced its quarterly earnings data on Tuesday, November 6th. The software maker reported ($0.31) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.41) by $0.10. The firm had revenue of $42.75 million for the quarter, compared to analysts’ expectations of $42.75 million. As a group, equities analysts anticipate that Rosetta Stone will post -1.18 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. California Public Employees Retirement System increased its holdings in shares of Rosetta Stone by 15.7% in the 2nd quarter. California Public Employees Retirement System now owns 31,922 shares of the software maker’s stock valued at $512,000 after purchasing an additional 4,322 shares in the last quarter. MetLife Investment Advisors LLC grew its stake in Rosetta Stone by 55.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 15,272 shares of the software maker’s stock valued at $304,000 after acquiring an additional 5,429 shares during the last quarter. Vanguard Group Inc. grew its stake in Rosetta Stone by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,060,995 shares of the software maker’s stock valued at $21,104,000 after acquiring an additional 6,215 shares during the last quarter. Metropolitan Life Insurance Co. NY acquired a new stake in Rosetta Stone in the 2nd quarter valued at about $108,000. Finally, Bank of New York Mellon Corp grew its stake in Rosetta Stone by 15.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 70,984 shares of the software maker’s stock valued at $1,412,000 after acquiring an additional 9,687 shares during the last quarter. Institutional investors and hedge funds own 77.51% of the company’s stock.

Rosetta Stone Company Profile

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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