Rosetta Stone Inc (NYSE:RST) – Analysts at Barrington Research cut their Q2 2019 EPS estimates for shares of Rosetta Stone in a research report issued on Monday, June 17th, Zacks Investment Research reports. Barrington Research analyst A. Paris. Jr now expects that the software maker will post earnings of ($0.31) per share for the quarter, down from their prior forecast of ($0.17). Barrington Research currently has a “Buy” rating and a $29.00 target price on the stock. Barrington Research also issued estimates for Rosetta Stone’s Q3 2019 earnings at ($0.16) EPS, Q4 2019 earnings at ($0.15) EPS and FY2019 earnings at ($0.64) EPS.
Rosetta Stone (NYSE:RST) last posted its quarterly earnings data on Tuesday, May 7th. The software maker reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.22. The firm had revenue of $44.61 million for the quarter, compared to the consensus estimate of $43.50 million.
Several other research firms have also issued reports on RST. ValuEngine upgraded Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Zacks Investment Research lowered Hess Midstream Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th. Finally, Lake Street Capital dropped their price target on Farmer Bros from $36.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $28.50.
Shares of RST stock traded down $0.13 during mid-day trading on Wednesday, reaching $23.71. 65,813 shares of the company’s stock traded hands, compared to its average volume of 209,690. Rosetta Stone has a 12 month low of $14.14 and a 12 month high of $26.88. The firm’s 50 day moving average price is $23.57. The stock has a market cap of $548.34 million, a price-to-earnings ratio of -24.96 and a beta of 0.23.
In related news, insider Nicholas C. Gaehde sold 2,500 shares of Rosetta Stone stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $23.59, for a total value of $58,975.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Thomas M. Pierno sold 111,363 shares of Rosetta Stone stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $23.95, for a total value of $2,667,143.85. Following the completion of the sale, the chief financial officer now directly owns 203,067 shares in the company, valued at approximately $4,863,454.65. The disclosure for this sale can be found here. In the last three months, insiders sold 264,855 shares of company stock worth $6,620,607. 13.50% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. TimesSquare Capital Management LLC boosted its stake in shares of Rosetta Stone by 4.6% during the 1st quarter. TimesSquare Capital Management LLC now owns 1,685,405 shares of the software maker’s stock worth $36,826,000 after acquiring an additional 74,680 shares during the period. BlackRock Inc. raised its holdings in Rosetta Stone by 14.4% in the 4th quarter. BlackRock Inc. now owns 1,356,571 shares of the software maker’s stock valued at $22,249,000 after acquiring an additional 170,751 shares in the last quarter. Schwartz Investment Counsel Inc. raised its holdings in Rosetta Stone by 26.7% in the 1st quarter. Schwartz Investment Counsel Inc. now owns 609,309 shares of the software maker’s stock valued at $13,313,000 after acquiring an additional 128,291 shares in the last quarter. Northern Trust Corp raised its holdings in Rosetta Stone by 3.9% in the 4th quarter. Northern Trust Corp now owns 261,240 shares of the software maker’s stock valued at $4,284,000 after acquiring an additional 9,831 shares in the last quarter. Finally, Cortina Asset Management LLC raised its holdings in Rosetta Stone by 11.5% in the 2nd quarter. Cortina Asset Management LLC now owns 249,052 shares of the software maker’s stock valued at $5,698,000 after acquiring an additional 25,591 shares in the last quarter. Institutional investors own 82.70% 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.