Shares of RealNetworks Inc. (NASDAQ:RNWK) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $4.85 and last traded at $4.83, with a volume of 36,222 shares trading hands. The stock had previously closed at $4.80.

RNWK has been the topic of several recent analyst reports. B. Riley reissued a “buy” rating and set a $7.50 target price on shares of RealNetworks in a research note on Saturday, May 7th. Zacks Investment Research raised RealNetworks from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a research note on Tuesday, August 9th.

The firm’s market cap is $177.74 million. The stock’s 50 day moving average is $4.34 and its 200 day moving average is $4.19.

RealNetworks (NASDAQ:RNWK) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.16. The firm earned $29.70 million during the quarter, compared to analyst estimates of $28.10 million. On average, analysts forecast that RealNetworks Inc. will post ($1.01) earnings per share for the current fiscal year.

In other news, SVP Michael Parham sold 6,000 shares of the stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $4.70, for a total value of $28,200.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Massimiliano Pellegrini sold 13,958 shares of the stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $4.63, for a total value of $64,625.54. The disclosure for this sale can be found here.

An institutional investor recently raised its position in RealNetworks stock. New York State Common Retirement Fund raised its position in RealNetworks Inc. (NASDAQ:RNWK) by 6.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 566,748 shares of the company’s stock after buying an additional 36,658 shares during the period. New York State Common Retirement Fund owned approximately 1.56% of RealNetworks worth $2,409,000 as of its most recent SEC filing.

RealNetworks, Inc (RealNetworks) is engaged in creating applications and services, which help in connecting with digital media. The Company provides the digital media services and products it creates to consumers, mobile carriers and other businesses. It operates through three segments: RealPlayer Group, Mobile Entertainment and Games.

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