Rosetta Stone Inc (NYSE:RST) Director Sells $200,463.89 in Stock

Rosetta Stone Inc (NYSE:RST) Director Laurence Franklin sold 10,181 shares of the stock in a transaction on Wednesday, September 11th. The shares were 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 in the company, valued at $749,342.33. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of RST stock traded up $0.04 during trading hours on Friday, reaching $19.37. The company had a trading volume of 187,209 shares, compared to its average volume of 199,705. The company has a 50 day moving average of $19.34 and a 200 day moving average of $22.05. The firm has a market cap of $450.17 million, a price-to-earnings ratio of -20.39 and a beta of 0.36. Rosetta Stone Inc has a 1-year low of $14.43 and a 1-year high of $26.88.

Rosetta Stone (NYSE:RST) last posted its quarterly earnings results on Tuesday, August 6th. The software maker reported ($0.12) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.15. The company had revenue of $45.94 million during the quarter, compared to analyst estimates of $44.50 million. On average, equities analysts predict that Rosetta Stone Inc will post -0.6 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of RST. BNP Paribas Arbitrage SA raised its stake in Rosetta Stone by 359.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,132 shares of the software maker’s stock worth $90,000 after buying an additional 3,232 shares during the period. First Mercantile Trust Co. raised its stake in Rosetta Stone by 12.5% during the 1st quarter. First Mercantile Trust Co. now owns 12,486 shares of the software maker’s stock worth $273,000 after buying an additional 1,389 shares during the period. Spark Investment Management LLC raised its stake in Rosetta Stone by 714.4% during the 1st quarter. Spark Investment Management LLC now owns 117,269 shares of the software maker’s stock worth $2,562,000 after buying an additional 102,869 shares during the period. Martingale Asset Management L P raised its stake in shares of Rosetta Stone by 57.8% in the 1st quarter. Martingale Asset Management L P now owns 63,601 shares of the software maker’s stock valued at $1,391,000 after purchasing an additional 23,301 shares during the period. Finally, Acadian Asset Management LLC raised its stake in shares of Rosetta Stone by 231.8% in the 1st quarter. Acadian Asset Management LLC now owns 78,422 shares of the software maker’s stock valued at $1,714,000 after purchasing an additional 54,788 shares during the period. 87.29% of the stock is currently owned by institutional investors and hedge funds.

RST has been the topic of a number of analyst reports. Barrington Research reissued a “buy” rating and issued a $29.00 price target on shares of Rosetta Stone in a research note on Wednesday, August 7th. ValuEngine downgraded Rosetta Stone from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th. Five analysts have rated the stock with a buy rating, Rosetta Stone presently has a consensus rating of “Buy” and a consensus target price of $28.50.

Rosetta Stone Company Profile

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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