Rosetta Stone (NYSE:RST) Downgraded by ValuEngine

ValuEngine cut shares of Rosetta Stone (NYSE:RST) from a strong-buy rating to a buy rating in a research note published on Wednesday morning, ValuEngine reports.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research cut Rosetta Stone from a buy rating to a hold rating in a research report on Saturday, November 2nd. Barrington Research reissued a buy rating and issued a $29.00 price objective on shares of Rosetta Stone in a research report on Wednesday, August 7th.

Shares of NYSE RST traded down $0.62 during midday trading on Wednesday, hitting $14.76. 358,914 shares of the stock traded hands, compared to its average volume of 198,303. The company has a market cap of $498.69 million, a PE ratio of -15.54 and a beta of 0.29. Rosetta Stone has a one year low of $13.76 and a one year high of $26.88. The business has a 50 day moving average price of $18.09 and a two-hundred day moving average price of $21.26.

Rosetta Stone (NYSE:RST) last released its quarterly earnings data on Wednesday, November 6th. The software maker reported ($0.12) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.19. The firm had revenue of $45.46 million for the quarter, compared to the consensus estimate of $46.50 million. Research analysts predict that Rosetta Stone will post -0.6 earnings per share for the current fiscal year.

In other news, insider Nicholas C. Gaehde sold 2,500 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $20.00, for a total value of $50,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Laurence Franklin sold 10,181 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $19.69, for a total value of $200,463.89. Following the completion of the transaction, the director now owns 38,057 shares of the company’s stock, valued at $749,342.33. The disclosure for this sale can be found here. Insiders sold a total of 13,782 shares of company stock valued at $272,484 over the last quarter. Company insiders own 13.50% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its holdings in Rosetta Stone by 42.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,879,288 shares of the software maker’s stock worth $88,758,000 after buying an additional 1,159,027 shares during the period. Stephens Investment Management Group LLC bought a new position in shares of Rosetta Stone in the 2nd quarter worth approximately $7,968,000. Acadian Asset Management LLC raised its position in shares of Rosetta Stone by 324.9% in the 2nd quarter. Acadian Asset Management LLC now owns 333,213 shares of the software maker’s stock worth $7,624,000 after acquiring an additional 254,791 shares in the last quarter. Rock Creek Group LP bought a new position in shares of Rosetta Stone in the 2nd quarter worth approximately $3,903,000. Finally, Schwartz Investment Counsel Inc. raised its position in shares of Rosetta Stone by 19.9% in the 3rd quarter. Schwartz Investment Counsel Inc. now owns 730,809 shares of the software maker’s stock worth $12,716,000 after acquiring an additional 121,500 shares in the last quarter. Institutional investors own 86.45% 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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