Rosetta Stone (RST) Downgraded by Zacks Investment Research to “Hold”
Zacks Investment Research cut shares of Rosetta Stone (NYSE:RST) from a buy rating to a hold rating in a report issued on Thursday, January 4th.
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. “
Separately, ValuEngine upgraded shares of Rosetta Stone from a sell rating to a hold rating in a research note on Wednesday, November 29th.
Rosetta Stone (NYSE:RST) last posted its earnings results on Thursday, November 2nd. The software maker reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.17. The business had revenue of $46.21 million during the quarter, compared to analyst estimates of $42.88 million. analysts anticipate that Rosetta Stone will post -0.46 EPS for the current year.
In related news, Director David Nierenberg sold 200,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $12.01, for a total transaction of $2,402,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 14.50% of the company’s stock.
A number of institutional investors have recently made changes to their positions in RST. Roumell Asset Management LLC increased its holdings in Rosetta Stone by 28.6% in the 3rd quarter. Roumell Asset Management LLC now owns 767,625 shares of the software maker’s stock valued at $7,837,000 after buying an additional 170,622 shares during the period. OxFORD Asset Management LLP grew its holdings in shares of Rosetta Stone by 280.5% in the 2nd quarter. OxFORD Asset Management LLP now owns 149,109 shares of the software maker’s stock worth $1,607,000 after purchasing an additional 109,920 shares during the last quarter. Menta Capital LLC grew its holdings in shares of Rosetta Stone by 375.5% in the 2nd quarter. Menta Capital LLC now owns 108,921 shares of the software maker’s stock worth $1,174,000 after purchasing an additional 86,015 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Rosetta Stone by 170.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 131,826 shares of the software maker’s stock worth $1,421,000 after purchasing an additional 83,031 shares during the last quarter. Finally, EAM Investors LLC grew its holdings in shares of Rosetta Stone by 111.4% in the 2nd quarter. EAM Investors LLC now owns 125,678 shares of the software maker’s stock worth $1,355,000 after purchasing an additional 66,221 shares during the last quarter. 72.03% of the stock is currently owned by hedge funds and other institutional investors.
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About Rosetta Stone
Rosetta Stone Inc (Rosetta Stone) offers personalized language and reading programs. The Company’s solutions are used by schools, businesses, government organizations and individuals around the world. Its segments include Enterprise & Education, which derives revenues from sales to educational institutions, corporations and government agencies worldwide, and Consumer, which derives revenue from sales to individuals and retail partners.
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