RealNetworks Inc. (RNWK) Stock Price Down 1.4%
RealNetworks Inc. (NASDAQ:RNWK) shares fell 1.4% on Friday . The stock traded as low as $4.72 and last traded at $4.76, with a volume of 149,252 shares traded. The stock had previously closed at $4.83.
Several research firms have recently weighed in on RNWK. Zacks Investment Research raised RealNetworks from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a research report on Tuesday, August 9th. B. Riley reissued a “buy” rating and issued a $7.50 price objective on shares of RealNetworks in a research report on Saturday, August 6th.
The company’s market cap is $175.16 million. The company has a 50 day moving average price of $4.58 and a 200-day moving average price of $4.31.
RealNetworks (NASDAQ:RNWK) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.39) by $0.16. The company earned $29.70 million during the quarter, compared to the consensus estimate of $28.10 million. Equities analysts expect that RealNetworks Inc. will post ($1.01) earnings per share for the current fiscal year.
In other RealNetworks news, insider Massimiliano Pellegrini sold 13,958 shares of the firm’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 filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael Parham sold 6,000 shares of the firm’s stock in a transaction that occurred on 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.
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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