Rosetta Stone (RST) Issues Earnings Results, Beats Estimates By $0.20 EPS
Rosetta Stone (NYSE:RST) issued its quarterly earnings data on Tuesday. The software maker reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.20, Briefing.com reports. The company had revenue of $45.91 million for the quarter, compared to the consensus estimate of $42.23 million. Rosetta Stone had a negative net margin of 10.11% and a negative return on equity of 926.26%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.41) earnings per share.
Shares of Rosetta Stone (NYSE:RST) traded up 0.40% during mid-day trading on Tuesday, reaching $10.01. 59,239 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $10.59 and its 200-day moving average price is $10.01. The company’s market capitalization is $222.20 million. Rosetta Stone has a one year low of $6.80 and a one year high of $12.40.
RST has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Rosetta Stone from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Wednesday, May 17th. Barrington Research restated an “outperform” rating and set a $15.00 price objective (up previously from $12.00) on shares of Rosetta Stone in a research report on Wednesday, May 10th. Finally, ValuEngine upgraded shares of Rosetta Stone from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd.
In other Rosetta Stone news, insider M. Sean Hartford sold 4,050 shares of Rosetta Stone stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $11.91, for a total transaction of $48,235.50. Following the completion of the sale, the insider now directly owns 18,348 shares in the company, valued at approximately $218,524.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Nierenberg sold 285,000 shares of Rosetta Stone stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $12.13, for a total transaction of $3,457,050.00. The disclosure for this sale can be found here. Insiders sold a total of 365,669 shares of company stock valued at $4,427,082 over the last quarter. 14.50% of the stock is owned by company insiders.
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About Rosetta Stone
Rosetta Stone Inc (Rosetta Stone) offers personalized language and reading programs. The Company’s solutions are used by schools, businesses, government organizations and individuals around the world. Its segments include Enterprise & Education, which derives revenues from sales to educational institutions, corporations and government agencies worldwide, and Consumer, which derives revenue from sales to individuals and retail partners.
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