RealNetworks Inc. (NASDAQ:RNWK) shares fell 1.6% during mid-day trading on Tuesday . The company traded as low as $4.22 and last traded at $4.24, with a volume of 68,782 shares. The stock had previously closed at $4.31.

A number of brokerages recently issued reports on RNWK. B. Riley reiterated a “buy” rating and issued a $7.50 price target on shares of RealNetworks in a research note on Saturday, May 7th. Zacks Investment Research downgraded shares of RealNetworks from a “hold” rating to a “sell” rating in a research note on Thursday, May 12th.

The firm has a 50 day moving average of $4.27 and a 200 day moving average of $4.09. The company’s market capitalization is $155.81 million.

RealNetworks (NASDAQ:RNWK) last announced its quarterly earnings data on Thursday, May 5th. The company reported ($0.42) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.38) by $0.04. The firm had revenue of $20.20 million for the quarter, compared to analyst estimates of $28.64 million. Analysts expect 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 stake in RealNetworks Inc. (NASDAQ:RNWK) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 filing with the SEC.

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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