RealNetworks Inc. (RNWK) Shares Down 1.4%
Shares of RealNetworks Inc. (NASDAQ:RNWK) fell 1.4% on Friday . The company traded as low as $4.72 and last traded at $4.76, with a volume of 149,252 shares trading hands. The stock had previously closed at $4.83.
Several research firms have recently issued reports on RNWK. B. Riley reaffirmed a “buy” rating and set a $7.50 price target on shares of RealNetworks in a research note on Thursday, May 12th. Zacks Investment Research raised shares of RealNetworks from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th.
The stock’s 50-day moving average is $4.58 and its 200-day moving average is $4.31. The firm’s market capitalization is $175.16 million.
RealNetworks (NASDAQ:RNWK) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.16. The business earned $29.70 million during the quarter, compared to the consensus estimate of $28.10 million. On average, analysts forecast that RealNetworks Inc. will post ($1.01) EPS for the current fiscal year.
In related news, insider Massimiliano Pellegrini sold 13,958 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $4.63, for a total transaction of $64,625.54. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Michael Parham sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $4.70, for a total transaction of $28,200.00. The disclosure for this sale can be found here.
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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