Shares of RealNetworks Inc. (NASDAQ:RNWK) were up 2.5% during mid-day trading on Wednesday . The company traded as high as $5.10 and last traded at $5.00, with a volume of 58,974 shares trading hands. The stock had previously closed at $4.88.

A number of analysts have weighed in on RNWK shares. B. Riley restated a “buy” rating and set a $7.50 target price on shares of RealNetworks in a report on Monday, May 2nd. Zacks Investment Research lowered RealNetworks from a “hold” rating to a “sell” rating in a report on Thursday, May 12th.

The firm has a 50 day moving average price of $4.44 and a 200-day moving average price of $4.24. The company’s market capitalization is $184.00 million.

RealNetworks (NASDAQ:RNWK) last announced its quarterly earnings data 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 firm had revenue of $29.70 million for the quarter, compared to analysts’ expectations of $28.10 million. Equities research analysts forecast that RealNetworks Inc. will post ($1.01) EPS for the current 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael Parham sold 6,000 shares of the company’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.

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 disclosure with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

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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