Rosetta Stone Inc (RST) Receives $22.75 Consensus PT from Analysts

Rosetta Stone Inc (NYSE:RST) has been given an average recommendation of “Buy” by the six brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $24.67.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Rosetta Stone from a “buy” rating to a “hold” rating in a research note on Thursday, January 17th. Lake Street Capital set a $21.00 target price on shares of Rosetta Stone and gave the company a “buy” rating in a research note on Wednesday, November 7th. Finally, ValuEngine downgraded shares of Rosetta Stone from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 4th.

Rosetta Stone stock traded up $0.36 during mid-day trading on Friday, reaching $16.20. 11,298 shares of the company’s stock traded hands, compared to its average volume of 124,884. The company has a market cap of $352.53 million, a price-to-earnings ratio of -71.00 and a beta of 0.13. Rosetta Stone has a 12-month low of $12.36 and a 12-month high of $21.54.

Institutional investors and hedge funds have recently made changes to their positions in the company. Great West Life Assurance Co. Can bought a new position in shares of Rosetta Stone in the fourth quarter worth about $54,000. Northern Trust Corp grew its holdings in shares of Rosetta Stone by 3.9% in the fourth quarter. Northern Trust Corp now owns 261,240 shares of the software maker’s stock worth $4,284,000 after purchasing an additional 9,831 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Rosetta Stone by 14.3% in the fourth quarter. Citigroup Inc. now owns 6,587 shares of the software maker’s stock worth $108,000 after purchasing an additional 825 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Rosetta Stone by 13.6% in the fourth quarter. Bank of New York Mellon Corp now owns 80,603 shares of the software maker’s stock worth $1,322,000 after purchasing an additional 9,619 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Rosetta Stone by 14.4% in the fourth quarter. BlackRock Inc. now owns 1,356,571 shares of the software maker’s stock worth $22,249,000 after purchasing an additional 170,751 shares during the last quarter. 75.70% of the stock is currently owned by institutional investors and hedge funds.

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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