Rosetta Stone Inc (RST) Raised to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Rosetta Stone Inc (NYSE:RST) from a hold rating to a buy rating in a report released on Monday, Analyst Ratings Network.com reports. They currently have $7.50 price objective on the stock.
According to Zacks, “Rosetta Stone Inc., based in Arlington, Va, is a leading provider of technology-based language learning solutions consisting of software, online services and audio practice tools, primarily under the Rosetta Stone brand. Rosetta Stone offers its self-study language learning solutions in 31 languages. Its customers include individuals, educational institutions, armed forces, government agencies and corporations. Rosetta Stone, Inc. also provides an online peer-to-peer practice environment, known as SharedTalk, at www.sharedtalk.com, where registered language learners meet for language exchange to practice their foreign language skills. As the leading language-learning software in the world, Rosetta Stone makes learning a new language second nature. Millions of learners in more than 150 countries have already used the company’s software to gain the confidence that comes with truly knowing a new language. “
Shares of Rosetta Stone (NYSE:RST) traded down 1.06% during midday trading on Monday, reaching $6.54. The company had a trading volume of 22,047 shares. Rosetta Stone has a one year low of $6.17 and a one year high of $10.37. The company’s market capitalization is $142.55 million. The company has a 50 day moving average of $6.72 and a 200 day moving average of $6.97.
Rosetta Stone (NYSE:RST) last announced its quarterly earnings data on Wednesday, November 4th. The company reported ($0.34) earnings per share for the quarter, beating the consensus estimate of ($0.61) by $0.27. The firm had revenue of $49.80 million for the quarter, compared to the consensus estimate of $51.60 million. Rosetta Stone’s revenue for the quarter was down 22.8% on a year-over-year basis. During the same period last year, the company posted ($0.76) earnings per share. Analysts predict that Rosetta Stone will post ($2.32) EPS for the current fiscal year.
Other large investors recently bought and sold shares of the company. Simplex Trading increased its stake in Rosetta Stone by 300.0% in the fourth quarter. Simplex Trading now owns 4 shares of the company’s stock valued at $0 after buying an additional 3 shares in the last quarter. Creative Planning bought a new stake in Rosetta Stone during the fourth quarter valued at about $0. Finally, VNB Trust increased its stake in Rosetta Stone by 2.5% in the fourth quarter. VNB Trust now owns 447,552 shares of the company’s stock valued at $2,994,000 after buying an additional 11,098 shares in the last quarter.
Rosetta Stone Inc. (NYSE:RST) is a provider of reading and brain fitness solutions. The Company’s solutions are used by schools, businesses, government organizations and individuals around the world. The Company offers courses in 30 languages across a range of formats, including Web-based software subscriptions, digital downloads, mobile applications, and perpetual compact disc (CD) packages. The Company operates in three segments: North America Consumer (NA), Rest of World (ROW) Consumer and Global Enterprise & Education. The North America Consumer and ROW Consumer segments derive revenues from sales to individuals and retail partners. The North America Consumer segment includes sales made within the United States and Canada, and the ROW Consumer segment includes sales made in countries other than the United States and Canada. The Global Enterprise & Education segment derives revenues from sales to educational institutions, government agencies and corporations across the world.
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