Rosetta Stone (RST) Posts Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Rosetta Stone (NYSE:RST) released its quarterly earnings data on Tuesday. The software maker reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.10, MarketWatch Earnings reports. The business had revenue of $42.75 million during the quarter, compared to analyst estimates of $42.75 million.

Shares of NYSE:RST traded up $0.52 on Wednesday, reaching $18.76. 5,174 shares of the company’s stock were exchanged, compared to its average volume of 202,968. The stock has a market capitalization of $460.96 million, a price-to-earnings ratio of -81.39 and a beta of 0.28. Rosetta Stone has a fifty-two week low of $10.02 and a fifty-two week high of $21.54.

In other Rosetta Stone news, General Counsel Sonia Galindo sold 1,711 shares of the stock in a transaction on Monday, August 27th. The shares were sold at an average price of $16.06, for a total transaction of $27,478.66. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 12.80% of the stock is currently owned by corporate insiders.

RST has been the subject of several recent research reports. Lake Street Capital set a $21.00 price objective on shares of Rosetta Stone and gave the stock a “buy” rating in a research report on Wednesday. Barrington Research reissued a “buy” rating and issued a $23.00 price objective on shares of Rosetta Stone in a research report on Friday, October 5th. Dougherty & Co restated a “buy” rating and issued a $30.00 target price (up from $20.00) on shares of Rosetta Stone in a research note on Monday, October 1st. Finally, Zacks Investment Research downgraded shares of Rosetta Stone from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Rosetta Stone has a consensus rating of “Buy” and an average price target of $22.75.

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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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Earnings History for Rosetta Stone (NYSE:RST)

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