RealNetworks Inc. (NASDAQ:RNWK) shares reached a new 52-week high on Tuesday . The company traded as high as $4.90 and last traded at $4.85, with a volume of 21,231 shares trading hands. The stock had previously closed at $4.84.

RNWK has been the topic of a number of research analyst reports. B. Riley reiterated a “buy” rating and issued a $7.50 target price on shares of RealNetworks in a research note on Saturday, May 7th. Zacks Investment Research upgraded shares of RealNetworks from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a research note on Tuesday, August 9th.

The stock’s 50 day moving average is $4.44 and its 200-day moving average is $4.24. The firm’s market cap is $182.42 million.

RealNetworks (NASDAQ:RNWK) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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, equities research analysts expect that RealNetworks Inc. will post ($1.01) EPS for the current year.

In other RealNetworks news, insider Massimiliano Pellegrini sold 31,784 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $4.65, for a total transaction of $147,795.60. Following the completion of the sale, the insider now directly owns 39,543 shares in the company, valued at approximately $183,874.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Michael Parham sold 6,000 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were 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 boosted its position in shares of RealNetworks Inc. (NASDAQ:RNWK) by 6.9% during the fourth quarter, according to its most recent Form 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 1.56% of RealNetworks worth $2,409,000 at the end of the most recent quarter.

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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