RealNetworks Inc. (RNWK) Reaches New 1-Year High at $4.90
RealNetworks Inc. (NASDAQ:RNWK)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $4.90 and last traded at $4.85, with a volume of 21,231 shares changing hands. The stock had previously closed at $4.84.
A number of equities analysts have issued reports on the company. B. Riley restated a “buy” rating and set a $7.50 target price on shares of RealNetworks in a report on Monday, August 1st. Zacks Investment Research upgraded RealNetworks from a “sell” rating to a “hold” rating in a report on Thursday, July 7th.
The company’s market cap is $179.58 million. The stock has a 50-day moving average price of $4.42 and a 200 day moving average price of $4.24.
RealNetworks (NASDAQ:RNWK) last released its earnings results 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 company had revenue of $29.70 million for the quarter, compared to the consensus estimate of $28.10 million. On average, equities analysts expect that RealNetworks Inc. will post ($1.01) EPS for the current year.
In other news, insider Massimiliano Pellegrini sold 31,784 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $4.65, for a total transaction of $147,795.60. Following the completion of the transaction, the insider now owns 39,543 shares of the company’s stock, valued at approximately $183,874.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Michael Parham sold 6,000 shares of the business’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $4.70, for a total value of $28,200.00. 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 disclosure with the 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 about 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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