RealNetworks Inc. (RNWK) Stock Price Up 1.6%
RealNetworks Inc. (NASDAQ:RNWK)’s share price rose 1.6% during mid-day trading on Monday . The company traded as high as $4.35 and last traded at $4.33, with a volume of 91,893 shares traded. The stock had previously closed at $4.26.
RNWK has been the topic of a number of analyst reports. B. Riley reiterated a “buy” rating and issued a $7.50 price target on shares of RealNetworks in a research note on Thursday, May 12th. Zacks Investment Research upgraded 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 $4.27 and its 200-day moving average is $4.09. The company’s market cap is $158.38 million.
RealNetworks (NASDAQ:RNWK) last issued its quarterly earnings data on Thursday, May 5th. The company reported ($0.42) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.38) by $0.04. The business earned $20.20 million during the quarter, compared to the consensus estimate of $28.64 million. On average, equities analysts forecast that RealNetworks Inc. will post ($1.35) earnings per share for the current fiscal year.
A hedge fund recently raised its stake in RealNetworks stock. New York State Common Retirement Fund increased its position in RealNetworks Inc. (NASDAQ:RNWK) by 6.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund 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 about 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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